Author: Financial Analyst

  • Amazon Seller Registration Guide for Indian Sellers

    Selling on Amazon India allows businesses to reach millions of customers nationwide. However, to start selling legally and smoothly, sellers must complete Amazon seller registration and follow mandatory tax and compliance requirements.

    This Saving Mantra blog explains the Amazon seller registration process in a simple, step-by-step manner.


    What is Amazon Seller Registration?

    Amazon Seller Registration is the process through which individuals or businesses enroll on Amazon Marketplace to list and sell products online. The process includes document verification, GST validation, bank account setup, and compliance checks as per Indian laws.


    Eligibility for Amazon Seller Registration

    You can register as an Amazon seller if you are:

    • An individual or sole proprietor
    • A partnership firm
    • An LLP or private limited company

    You must have valid tax and banking details to proceed.


    Documents Required for Amazon Seller Registration

    To complete Amazon seller registration, you need:

    • PAN Card (Individual or Business)
    • GST Registration Certificate
    • Active Bank Account
    • Address Proof of Business
    • Email ID and Mobile Number
    • Cancelled Cheque
    • Signature or Digital Signature (if required)

    GST Requirements for Amazon Sellers

    GST registration is mandatory for selling on Amazon India.

    Important GST obligations:

    • Correct GST registration type
    • Accurate HSN codes and GST rates
    • GST-compliant tax invoices
    • Timely filing of GSTR-1 and GSTR-3B
    • Reconciliation of TCS collected by Amazon

    Step-by-Step Amazon Seller Registration Process

    1. Visit Amazon Seller Central
    2. Sign up using email and mobile number
    3. Enter business and GST details
    4. Upload required documents
    5. Complete bank account verification
    6. List products and start selling

    Once approved, your seller account becomes active.


    Amazon Seller Fees and Charges

    Amazon charges sellers for:

    • Referral fees (category-wise)
    • Closing fees
    • Fulfilment fees (FBA, if applicable)
    • Shipping charges

    Understanding fees helps in better pricing and profitability.


    Common Mistakes During Amazon Seller Registration

    • Incorrect GST details
    • Wrong bank account information
    • Incomplete documentation
    • Selecting incorrect product categories

    Avoiding these mistakes ensures faster approval.


    How Saving Mantra Helps with Amazon Seller Registration

    Saving Mantra provides end-to-end support for Amazon sellers, including:

    • GST registration and validation
    • Amazon seller account setup
    • Product and tax compliance guidance
    • Ongoing return filing and advisory
    • Business growth consulting

    We make Amazon seller registration easy and hassle-free.


    Conclusion

    Amazon seller registration is the first step toward building a successful online business. With proper documentation, GST compliance, and expert guidance, sellers can start selling quickly and legally. Saving Mantra ensures a smooth registration process so you can focus on growing your Amazon business.


    Disclaimer

    This blog is for informational purposes only and does not constitute legal, tax, or professional advice. Registration requirements and policies may change as per Amazon marketplace rules and government regulations. Readers are advised to consult qualified professionals before taking any action.

  • Meesho Seller Compliance Guide for Indian Sellers

    Meesho has become one of India’s fastest-growing online marketplaces, especially for small businesses and resellers. To sell smoothly and avoid account restrictions, sellers must follow Meesho seller compliance requirements as per Indian laws and Meesho marketplace policies.

    This Saving Mantra blog explains Meesho seller compliance in a simple and practical way.


    What is Meesho Seller Compliance?

    Meesho Seller Compliance refers to the legal, tax, financial, and operational obligations that sellers must follow while selling products on Meesho. These requirements are governed by the GST Act, Income Tax Act, Legal Metrology Act, and Meesho’s internal seller policies.


    Documents Required for Meesho Seller Registration

    To register and remain compliant on Meesho, sellers must have:

    • PAN Card (Individual or Business)
    • GST Registration Certificate (mandatory)
    • Active Bank Account
    • Business Address Proof
    • Email ID and Mobile Number
    • Cancelled Cheque
    • Product-specific licenses (if applicable)

    GST Compliance for Meesho Sellers

    GST compliance is mandatory for Meesho sellers.

    Key GST obligations:

    • Valid GST registration (composition scheme not allowed)
    • Correct HSN codes and applicable GST rates
    • Timely filing of GSTR-1 and GSTR-3B
    • Reconciliation of TCS collected by Meesho
    • Issuance of GST-compliant invoices

    Failure to comply may result in GST notices or Meesho account restrictions.


    TDS and Income Tax Compliance

    Under Section 194-O of the Income Tax Act, Meesho deducts TDS on seller payments.

    Sellers must:

    • Check TDS credit in Form 26AS
    • File correct Income Tax Returns
    • Maintain settlement and commission reports
    • Match Meesho income with tax filings

    Product Listing and Legal Metrology Compliance

    All Meesho product listings must comply with Indian consumer laws.

    Mandatory product details include:

    • Product name and description
    • MRP and net quantity
    • Manufacturer or importer details
    • Country of origin
    • Expiry date (if applicable)

    Incorrect or misleading listings may lead to listing suspension or penalties.


    Returns, Refunds and RTO Compliance

    Meesho sellers must follow:

    • Marketplace return policies
    • Refund processing timelines
    • RTO (Return to Origin) procedures

    High return or cancellation rates can negatively impact seller visibility and account health.


    Seller Performance and Account Health Compliance

    Meesho monitors seller accounts based on:

    • Order cancellation rate
    • Late shipment percentage
    • Customer complaints
    • Policy violations

    Repeated non-compliance may lead to:

    • Payment holds
    • Listing suppression
    • Permanent seller account suspension

    How Saving Mantra Helps Meesho Sellers

    Saving Mantra offers complete compliance support for Meesho sellers, including:

    • GST registration and return filing
    • TDS and Income Tax compliance
    • Seller documentation assistance
    • Marketplace compliance advisory
    • Ongoing business support

    We ensure your Meesho business stays compliant and penalty-free.


    Conclusion

    Meesho seller compliance is essential for running a legally secure and scalable online business. By following GST, tax, and marketplace rules, sellers can avoid penalties and ensure smooth operations. Saving Mantra makes Meesho compliance simple so you can focus on growing your sales.


    Disclaimer

    This blog is for informational purposes only and does not constitute legal, tax, or professional advice. Compliance requirements may change as per government regulations and Meesho marketplace policies. Readers are advised to consult qualified professionals before taking any action.

  • Paytm Seller Compliance Checklist for Indian Sellers

    Selling on Paytm Marketplace helps Indian businesses reach a large digital customer base. However, sellers must comply with Paytm seller compliance requirements to avoid penalties, account suspension, or payment delays. Understanding and following compliance rules is essential for long-term success.

    This Saving Mantra blog explains Paytm seller compliance in a clear and practical manner.


    What is Paytm Seller Compliance?

    Paytm Seller Compliance includes all legal, tax, financial, and operational obligations that sellers must follow while selling products on Paytm. These requirements are governed by Indian laws such as GST Act, Income Tax Act, Legal Metrology Act, and Paytm’s internal marketplace policies.


    Documents Required for Paytm Seller Registration

    To register and remain compliant on Paytm, sellers must have:

    • PAN Card of individual or business
    • GST Registration Certificate
    • Active bank account in business name
    • Business address proof
    • Email ID and mobile number
    • Cancelled cheque
    • Product-specific licenses (where applicable)

    GST Compliance for Paytm Sellers

    GST compliance is mandatory for Paytm sellers.

    Key GST obligations:

    • Valid GST registration (composition scheme not allowed)
    • Correct HSN codes and GST rates
    • Timely filing of GSTR-1 and GSTR-3B
    • Reconciliation of TCS collected by Paytm
    • Issuing GST-compliant invoices

    Non-compliance may attract GST notices and Paytm account restrictions.


    TDS and Income Tax Compliance

    Under Section 194-O of the Income Tax Act, Paytm deducts TDS on seller payments.

    Sellers must:

    • Verify TDS credits in Form 26AS
    • File accurate Income Tax Returns
    • Maintain settlement and commission reports
    • Match Paytm income with tax filings

    Product Listing and Legal Metrology Compliance

    Paytm sellers must ensure product listings comply with Indian consumer laws.

    Mandatory details include:

    • Product name and description
    • MRP and net quantity
    • Manufacturer or importer details
    • Country of origin
    • Expiry date (if applicable)

    Incorrect product information may lead to listing suspension or penalties.


    Returns, Refunds and RTO Compliance

    Paytm has defined policies for:

    • Customer returns
    • Refund processing timelines
    • RTO (Return to Origin) handling

    High cancellation or return rates negatively affect seller performance and visibility.


    Seller Performance and Account Health Compliance

    Paytm monitors seller accounts based on:

    • Order cancellation ratio
    • Late shipment rate
    • Customer complaints
    • Policy violations

    Repeated non-compliance can result in:

    • Payment holds
    • Listing suppression
    • Permanent seller account suspension

    How Saving Mantra Supports Paytm Sellers

    Saving Mantra offers complete compliance support for Paytm sellers, including:

    • GST registration and return filing
    • TDS and income tax compliance
    • Seller documentation assistance
    • Marketplace compliance guidance
    • Ongoing advisory support

    We help sellers stay compliant and grow without legal risks.


    Conclusion

    Paytm seller compliance is not optional—it is essential for building a secure and scalable online business. By following GST, tax, and marketplace rules, sellers can avoid penalties and ensure smooth operations. Saving Mantra simplifies Paytm compliance so you can focus on sales and growth.


    Disclaimer

    This blog is published for informational purposes only and does not constitute legal, tax, or professional advice. Compliance requirements may change as per government laws and Paytm marketplace policies. Readers are advised to consult qualified professionals before taking any action.

  • Paytm Seller Compliance Guide for Indian Sellers

    Complete Paytm seller compliance guide for India covering GST, documents, TDS, returns, product rules, and legal requirements to avoid penalties.

    (Length: 154 characters ✅)


    Paytm Seller Compliance: Complete Guide for Indian Sellers

    Selling products on Paytm Marketplace allows Indian businesses to reach millions of customers. However, sellers must follow Paytm seller compliance requirements to operate legally and avoid account suspension, penalties, or payment delays.

    This Saving Mantra guide explains Paytm seller compliance step by step in simple language.


    What is Paytm Seller Compliance?

    Paytm Seller Compliance refers to the legal, tax, operational, and marketplace rules that sellers must follow while selling on Paytm. These rules are governed by Indian laws such as GST, Income Tax, Legal Metrology Act, and Paytm’s internal seller policies.


    Documents Required for Paytm Seller Registration

    To start selling on Paytm, sellers must submit:

    • PAN Card (Individual / Business)
    • GST Registration Certificate
    • Active Bank Account
    • Business Address Proof
    • Email ID & Mobile Number
    • Cancelled Cheque
    • Product-specific licenses (if applicable)

    GST Compliance for Paytm Sellers

    GST compliance is mandatory for Paytm sellers.

    Important GST obligations:

    • Correct GST registration (Regular/Composition not allowed)
    • Accurate HSN codes and GST rates
    • Timely filing of GSTR-1 & GSTR-3B
    • Reconciliation of TCS collected by Paytm
    • Proper invoice generation

    Failure to comply may lead to GST notices or Paytm account restrictions.


    Income Tax & TDS Compliance

    Under Section 194-O, Paytm deducts TDS on seller payments.

    Seller responsibilities include:

    • Verifying TDS credits in Form 26AS
    • Declaring Paytm income in Income Tax Returns
    • Maintaining proper books of accounts
    • Matching TDS with settlement reports

    Product Listing & Legal Metrology Compliance

    All Paytm product listings must comply with consumer protection laws.

    Mandatory details include:

    • Product name & description
    • MRP and net quantity
    • Manufacturer/importer details
    • Country of origin
    • Expiry date (where applicable)

    Incorrect product information may lead to listing suspension.


    Paytm Returns, Refunds & RTO Compliance

    Paytm sellers must adhere to:

    • Marketplace return policies
    • Refund timelines
    • RTO handling procedures

    High return or cancellation rates negatively impact seller performance score.


    Account Health & Performance Compliance

    Paytm tracks seller performance based on:

    • Order cancellation ratio
    • Late dispatch rate
    • Customer complaints
    • Policy violations

    Repeated non-compliance may result in:

    • Payment hold
    • Listing removal
    • Permanent account suspension

    Common Paytm Seller Compliance Mistakes

    • Selling without valid GST registration
    • Wrong HSN or tax rate selection
    • Ignoring TDS reconciliation
    • Delayed return filing
    • Incomplete product details

    Avoiding these mistakes helps maintain a healthy seller account.


    How Saving Mantra Helps Paytm Sellers

    Saving Mantra provides end-to-end compliance solutions for Paytm sellers, including:

    • GST registration & return filing
    • TDS and Income Tax compliance
    • Seller documentation support
    • Marketplace compliance guidance
    • Ongoing business advisory

    We help sellers stay compliant and focus on business growth.


    Conclusion

    Paytm seller compliance is essential for running a smooth and legally secure online business. Following GST, tax, and marketplace policies ensures uninterrupted operations and faster growth. With expert support from Saving Mantra, compliance becomes simple and hassle-free.


    Disclaimer

    This blog is for informational purposes only and does not constitute legal, tax, or professional advice. Compliance rules may change based on government laws and Paytm marketplace policies. Readers are advised to consult qualified professionals before taking any action.

  • Flipkart Seller Compliance Guide for Indian Sellers

    Selling on Flipkart is a great opportunity for Indian businesses to expand online. However, to run a successful and risk-free Flipkart store, sellers must strictly follow Flipkart seller compliance rules and Indian legal requirements. Non-compliance can result in account suspension, penalties, or payment blocks.

    This guide by Saving Mantra explains Flipkart seller compliance in simple terms, step by step.


    What is Flipkart Seller Compliance?

    Flipkart Seller Compliance refers to the set of legal, tax, operational, and platform-specific rules that sellers must follow while selling products on Flipkart. These rules are governed by Indian laws such as GST, Income Tax, Legal Metrology, and Flipkart’s internal policies.


    Mandatory Requirements to Become a Flipkart Seller

    To sell legally on Flipkart, you must have:

    • Valid GST Registration
    • PAN Card of individual or business
    • Active Bank Account
    • Registered Business Address
    • Email ID & Mobile Number
    • Product-specific licenses (if applicable)

    GST Compliance for Flipkart Sellers

    GST compliance is the most critical part of Flipkart selling.

    Key GST Rules:

    • GST registration is mandatory for most sellers
    • Correct HSN codes must be used
    • Accurate GST rates must be applied
    • Monthly/quarterly GST returns must be filed
    • E-way bill generation for applicable shipments

    Flipkart collects TCS (Tax Collected at Source) and reports it to the GST department. Sellers must reconcile TCS data with their GST returns.


    Income Tax & TDS Compliance

    Flipkart deducts TDS under Section 194-O on seller payments.

    Seller responsibilities:

    • Reconcile TDS credits in Form 26AS
    • File Income Tax Returns (ITR) correctly
    • Declare Flipkart income accurately
    • Maintain proper sales and expense records

    Product Listing & Legal Metrology Compliance

    Product listings must comply with Indian consumer laws.

    Mandatory product details:

    • MRP (Maximum Retail Price)
    • Net quantity
    • Manufacturer/importer details
    • Country of origin
    • Expiry date (for applicable products)

    Incorrect or misleading listings may lead to penalties or product removal.


    Flipkart Returns, Refunds & RTO Compliance

    Sellers must comply with Flipkart’s:

    • Return & replacement policy
    • Refund timelines
    • RTO (Return to Origin) guidelines

    Failure to manage returns properly can affect:

    • Seller rating
    • Payment cycles
    • Account health score

    Account Health & Performance Compliance

    Flipkart monitors sellers based on:

    • Order cancellation rate
    • Late shipment rate
    • Customer complaints
    • Policy violations

    Poor performance may lead to:

    • Listing suppression
    • Payment holds
    • Permanent account suspension

    Common Compliance Mistakes by Flipkart Sellers

    • Selling without valid GST
    • Wrong HSN or GST rate selection
    • Ignoring TCS reconciliation
    • Incomplete product information
    • Not filing returns on time

    Avoiding these mistakes ensures smooth business growth.


    How Saving Mantra Helps Flipkart Sellers

    Saving Mantra provides end-to-end compliance support for Flipkart sellers, including:

    • GST registration & return filing
    • TDS & Income Tax compliance
    • Product compliance guidance
    • Business advisory services
    • Ongoing seller support

    Our experts ensure you stay compliant while focusing on sales growth.


    Conclusion

    Flipkart seller compliance is not optional—it is essential for long-term success. By following GST, tax, legal, and platform rules, sellers can avoid penalties and build a sustainable online business. With professional guidance from Saving Mantra, compliance becomes simple and stress-free.


    Disclaimer

    This blog is for informational purposes only and does not constitute legal, tax, or professional advice. Compliance requirements may change based on government regulations and Flipkart policies. Readers are advised to consult qualified professionals before making decisions.

  • Amazon Seller Compliance in India – Complete Guide

    Selling on Amazon has opened massive opportunities for Indian businesses, startups, and individual entrepreneurs. However, along with growth comes strict legal and tax compliance requirements. Many Amazon sellers face account suspension, penalties, or blocked payments due to non-compliance with GST, income tax, or Amazon policies.

    This guide explains Amazon Seller Compliance in India in simple terms so you can sell confidently, stay compliant, and scale your business without legal issues.


    Who Is Required to Follow Amazon Seller Compliance?

    You must follow compliance rules if you sell on Amazon as:

    • Individual seller
    • Proprietorship
    • Partnership firm
    • LLP
    • Private Limited Company
    • NRI selling through Amazon India

    Even if your turnover is small, compliance is mandatory.


    Key Amazon Seller Compliance Requirements

    1. GST Registration (Mandatory)

    • GST registration is compulsory for Amazon sellers, even if turnover is below the threshold
    • GSTIN must be linked to your Amazon Seller account
    • Correct GST rates must be applied to products

    Common Mistake: Selling without GST or using an inactive GST number


    2. Amazon GST TCS Compliance

    Amazon collects Tax Collected at Source (TCS) under GST.

    • TCS rate: 1% (0.5% CGST + 0.5% SGST or 1% IGST)
    • Appears in GSTR-2B
    • Must be reconciled monthly

    Failure to match TCS can lead to GST notices.


    3. Monthly GST Returns

    Amazon sellers must file:

    • GSTR-1 – Sales details
    • GSTR-3B – Tax payment summary

    Returns must match:

    • Amazon sales reports
    • GST portal data
    • TCS statements

    4. Income Tax Compliance for Amazon Sellers

    Amazon income is taxable business income.

    You must:

    • Maintain proper books of accounts
    • File ITR-3 or ITR-4 (depending on business type)
    • Declare Amazon commission, shipping fees & returns correctly

    5. Amazon TDS under Income Tax

    Amazon deducts TDS under Section 194-O:

    • Rate: 1% of gross sales
    • Reflected in Form 26AS
    • Can be claimed as credit in ITR

    Mismatch can block refunds.


    6. Proper Invoicing & E-Invoicing

    Amazon sellers must:

    • Issue GST-compliant invoices
    • Mention correct HSN codes
    • Follow e-invoice rules if applicable
    • Keep invoice copies for audits

    7. Product & Legal Compliance

    Depending on product category, you may need:

    • FSSAI License (food products)
    • BIS certification
    • Brand authorization / trademark
    • Import-Export Code (for cross-border sales)

    Penalties for Non-Compliance

    Non-compliance may result in:

    • Amazon account suspension
    • Blocking of settlements
    • GST penalties & interest
    • Income tax notices
    • Legal action for repeated defaults

    How Saving Mantra Helps Amazon Sellers

    Saving Mantra provides end-to-end Amazon seller compliance services, including:

    • GST registration & returns
    • Amazon TCS reconciliation
    • Income tax filing
    • TDS compliance
    • Invoice & report matching
    • Compliance health check

    Our experts ensure your Amazon business stays 100% compliant and audit-ready.


    Frequently Asked Questions (FAQs)

    Is GST mandatory for Amazon sellers?
    Yes, GST registration is mandatory for selling on Amazon.

    Can I sell on Amazon without compliance?
    No. Amazon strictly monitors GST, TDS, and tax filings.

    What happens if GST returns are not filed?
    Your GST may be suspended and Amazon may block payments.


    Conclusion

    Amazon seller compliance is not optional—it is essential for long-term success. Proper GST, income tax, and platform compliance protects your business, improves credibility, and prevents account issues.

    If you want stress-free Amazon compliance, professional support is the smartest choice.


    Disclaimer

    This article is for informational purposes only and does not constitute legal, tax, or financial advice. Compliance requirements may change based on government notifications. Please consult qualified professionals before taking action.

  • New Zealand Tax Return Filing – Step-by-Step Process for Indian Employees

    Step-by-Step Process for Filing New Zealand Tax Return

    Step 1: Confirm Filing Requirement

    • Check whether IRD has issued an auto-assessment
    • Verify if IR3 return filing is mandatory

    Step 2: Collect Income Information

    • Download income summary from IRD portal
    • Collect payslips and employer income statements
    • Gather overseas income details (if any)

    Step 3: Login to myIR Portal

    • Access the Inland Revenue myIR portal
    • Review income details reported by employers

    Step 4: Declare Additional Income

    • Declare overseas income
    • Add interest or investment income
    • Include any self-employment income

    Step 5: Claim Allowable Deductions

    • Claim eligible expenses (where applicable)
    • Adjust incorrect tax codes or PAYE deductions

    Step 6: Review Tax Calculation

    • System calculates tax payable or refund
    • Verify figures carefully

    Step 7: Submit Tax Return

    • Submit IR3 return online
    • Receive confirmation and acknowledgment

    Step 8: Receive Refund or Pay Tax

    • Refund is credited to bank account (if applicable)
    • Pay any outstanding tax before due date

    New Zealand Tax Year & Due Dates

    • Tax Year: 1 April to 31 March
    • IR3 Filing Due Date: Generally 7 July (may vary if extension applies)
    • Refunds are usually processed within 2–4 weeks

    Common Mistakes to Avoid

    • Not declaring overseas income
    • Using incorrect tax code
    • Ignoring IRD notifications
    • Missing filing deadlines

    Professional assistance helps avoid penalties and ensures accurate refunds.


    Benefits of Filing New Zealand Tax Return with SavingMantra

    • ✔ Expert handling for Indian employees
    • ✔ Accurate income & tax calculation
    • ✔ Overseas income reporting support
    • ✔ Refund maximization
    • ✔ End-to-end myIR assistance

    Why Choose SavingMantra?

    SavingMantra specializes in international tax compliance for Indian professionals. Our experts understand both Indian and New Zealand tax systems, ensuring correct reporting and peace of mind for employees working abroad.


    Frequently Asked Questions (FAQs)

    Is tax return filing mandatory for all employees in New Zealand?

    No. Some employees receive auto-assessment, but many must file IR3 returns.

    Do Indian employees need to declare income earned in India?

    Yes, overseas income may need to be declared depending on tax residency.

    How long does it take to get a tax refund in New Zealand?

    Usually 2–4 weeks after successful filing.

    Can SavingMantra help with past-year returns?

    Yes. We assist with backlog and revised New Zealand tax returns.


    Conclusion

    Filing a New Zealand Tax Return is an important compliance step for Indian employees working abroad. Accurate reporting ensures correct tax payment and timely refunds while avoiding penalties. With SavingMantra, you receive professional, reliable, and hassle-free tax return filing support in New Zealand.

  • New Zealand IRD Registration – Step-by-Step Process for Indian Employees

    Step-by-Step Process for New Zealand IRD Registration

    Step 1: Arrive in New Zealand

    • Enter New Zealand on a valid work or resident visa
    • Ensure visa conditions allow employment

    Step 2: Open a New Zealand Bank Account

    • Visit a local bank with passport and visa
    • Open a personal bank account
    • Obtain bank confirmation or account number

    Step 3: Gather Required Documents

    • Passport and visa copy
    • Proof of NZ address
    • Bank account details

    Step 4: Apply for IRD Number

    • Apply online through the Inland Revenue portal
    • Submit personal, visa, and employment details
    • Upload required documents

    Step 5: Verification by IRD

    • IRD verifies submitted information
    • Additional clarification may be requested

    Step 6: Receive IRD Number

    • IRD number is issued within 5–10 working days
    • IRD number is sent via email or post

    Step 7: Inform Employer

    • Share IRD number with employer
    • Employer updates payroll for correct tax deduction

    Tax Compliance After IRD Registration

    Once IRD number is issued, employees must:

    • Ensure correct tax code is applied
    • Check payslips for accurate tax deductions
    • File income tax return (if required)
    • Update IRD for change in address or job

    Common Mistakes to Avoid

    • Delaying IRD application after arrival
    • Providing incorrect visa or bank details
    • Using wrong tax code
    • Ignoring IRD communications

    Professional guidance helps avoid higher tax deductions and compliance issues.


    Benefits of IRD Assistance with SavingMantra

    • ✔ End-to-end IRD registration support
    • ✔ Guidance on correct tax codes
    • ✔ Assistance for Indian employees abroad
    • ✔ Accurate documentation & timely follow-up
    • ✔ Affordable and professional service

    Why Choose SavingMantra?

    SavingMantra specializes in international tax and compliance support for Indian professionals. Our experts simplify overseas compliance so you can focus on your career in New Zealand without tax worries.


    Frequently Asked Questions (FAQs)

    Is IRD number mandatory for Indian employees in New Zealand?

    Yes. Without an IRD number, employers deduct tax at a higher rate.

    Can IRD number be applied before reaching New Zealand?

    In most cases, IRD registration is done after arrival and opening a bank account.

    How long does IRD registration take?

    Usually 5–10 working days, subject to document verification.

    Do Indian employees need to file tax returns in New Zealand?

    It depends on income type and tax deducted. Some employees may need to file returns annually.


    Conclusion

    Obtaining an IRD number is the first and most important tax compliance step for Indian employees working in New Zealand. Timely registration ensures correct salary payments and avoids excess tax deductions. With SavingMantra, you receive professional, reliable, and hassle-free IRD registration support.

  • Housing Society Filing – Step-by-Step Process for Annual Compliance

    Step-by-Step Process for Housing Society Filing

    Step 1: Finalization of Accounts

    • Prepare Income & Expenditure Account
    • Prepare Balance Sheet as on 31st March
    • Verify bank balances and member dues

    Step 2: Conduct Statutory Audit

    • Appoint authorized society auditor
    • Complete statutory audit of accounts
    • Obtain Audit Report and remarks

    Step 3: Conduct Annual General Meeting (AGM)

    • Issue AGM notice to members
    • Present audited accounts
    • Approve budget and audit report
    • Record AGM minutes

    Step 4: Prepare Annual Return

    • Compile society details
    • Update managing committee information
    • Prepare member list and financial summary

    Step 5: File Returns with Registrar (RCS)

    • Upload annual return online (where applicable)
    • Submit audit report and financial statements
    • File required statutory forms

    Step 6: Payment of Statutory Fees

    • Pay filing fees or penalties (if any)
    • Preserve challan/receipt

    Step 7: Record Maintenance

    • Maintain copies of filed returns
    • Keep records ready for inspection or future reference

    Due Date for Housing Society Filing

    • Annual filing is generally required within prescribed time after AGM
    • Audit must usually be completed before AGM
    • Delay may attract penalties and notices from RCS

    (Due dates may vary slightly by state.)


    Penalty for Late Housing Society Filing

    Failure to comply may result in:

    • Late fees and penalties
    • Registrar notices
    • Disqualification of managing committee
    • Restrictions on society operations

    Timely filing avoids unnecessary legal complications.


    Benefits of Housing Society Filing with SavingMantra

    • ✔ End-to-end society compliance support
    • ✔ Accurate audit & return preparation
    • ✔ Timely filing with Registrar
    • ✔ Expert guidance for managing committees
    • ✔ Affordable and transparent pricing

    Why Choose SavingMantra?

    SavingMantra specializes in society compliance and governance support. Our experienced professionals help housing societies stay compliant, transparent, and penalty-free with minimum effort.


    Frequently Asked Questions (FAQs)

    Is annual filing mandatory for housing societies?

    Yes. Annual filing is compulsory for all registered housing cooperative societies.

    Can filing be done without an audit?

    No. Statutory audit is mandatory before filing annual returns.

    What if AGM is not conducted?

    Non-conduct of AGM can attract penalties and regulatory action.

    Does SavingMantra handle overdue filings?

    Yes. We assist with backlog filings, penalty calculation, and compliance regularization.


    Conclusion

    Housing Society filing is a crucial annual compliance that ensures legal standing and smooth functioning of the society. Proper filing protects managing committee members from penalties and regulatory action. With SavingMantra, housing societies get reliable, professional, and hassle-free compliance services.

  • DPT-3 Filing – Step-by-Step Process for Companies

    Step-by-Step Process for Filing DPT-3

    Step 1: Identify Reportable Amounts

    • Review balance sheet as on 31st March
    • Identify deposits and amounts not considered deposits
    • Segregate exempted deposits category-wise

    Step 2: Obtain Auditor’s Certificate

    • Get certificate from statutory auditor
    • Certificate must validate outstanding amounts

    Step 3: Prepare DPT-3 Form

    • Enter company details
    • Select type of return:
      • One-time return
      • Annual return of deposits
      • Return of particulars of exempted deposits

    Step 4: Enter Financial Details

    • Report outstanding loan/deposit figures
    • Classify amounts accurately under applicable heads

    Step 5: Attach Required Documents

    • Auditor’s Certificate
    • Balance Sheet (if applicable)
    • Other supporting documents

    Step 6: Digital Signature & Verification

    • Form to be digitally signed by Director
    • Certification by Chartered Accountant / Company Secretary / Cost Accountant

    Step 7: Submit Form on MCA Portal

    • Upload Form DPT-3 on MCA portal
    • Pay applicable government fees
    • Generate SRN and acknowledgment

    Penalty for Non-Filing or Late Filing of DPT-3

    Failure to file Form DPT-3 can attract:

    • Penalty up to ₹5,000
    • Additional ₹500 per day of default
    • Maximum penalty up to ₹10,00,000
    • Risk of MCA notices and scrutiny

    Benefits of Filing DPT-3 with SavingMantra

    • ✔ Accurate classification of deposits
    • ✔ Expert review of balance sheet data
    • ✔ Timely filing before due date
    • ✔ End-to-end compliance support
    • ✔ Affordable professional fees

    Why Choose SavingMantra?

    SavingMantra provides reliable corporate compliance solutions backed by experienced professionals. We ensure that your DPT-3 filing is error-free, timely, and fully compliant with MCA regulations.


    Frequently Asked Questions (FAQs)

    Is DPT-3 mandatory for companies with no deposits?

    Yes. Companies must file DPT-3 even if they have only exempted deposits or loans.

    Is Auditor’s Certificate mandatory for DPT-3?

    Yes. Auditor’s Certificate is compulsory for filing DPT-3.

    Can DPT-3 be revised after filing?

    No. DPT-3 cannot be revised once filed, hence accuracy is critical.

    Is DPT-3 applicable to OPC?

    Yes. One Person Companies are also required to file DPT-3.


    Conclusion

    Form DPT-3 filing is a mandatory annual compliance that cannot be ignored. Accurate disclosure of deposits and exempted amounts helps companies stay compliant and avoid penalties. With SavingMantra, you get professional, timely, and hassle-free DPT-3 filing services.