Client Background
A mid-sized trading firm based in Bangalore approached Borrow Right for assistance with their taxation and compliance. Despite steady business growth, the firm struggled with maintaining accurate tax filings and was at risk of heavy penalties due to non-compliance with GST and income tax regulations.
The Challenge
Multiple late GST filings leading to notices from authorities.
Complex income tax calculations with little internal expertise.
The business lacked a structured accounting system.
Risk of penalties and interest charges running into lakhs of rupees.
Our Solution
Our compliance experts stepped in with a streamlined taxation and accounting process:
Immediate Rectification – Reviewed pending GST filings and completed them on priority to avoid further penalties.
Accurate Income Tax Filing – Reorganized the firm’s books and filed corrected returns within the statutory deadline.
Accounting System Setup – Implemented a simple but effective accounting system to track expenses, invoices, and taxes in real time.
Compliance Advisory – Educated the firm’s staff on timelines, documentation, and future tax obligations to ensure long-term compliance.
The Result
✅ Saved the client from penalties worth ₹3.5 lakhs.
✅ Achieved 100% compliance with GST and income tax requirements.
✅ Reduced future risks by creating a well-structured financial system.
✅ Empowered the business with financial discipline and peace of mind.
Client Testimonial
“Borrow Right was a lifesaver for us. Their team not only fixed our tax issues but also guided us to stay compliant going forward. We avoided huge penalties and now have full confidence in our taxation process.”
Key Takeaway
With the right support, taxation doesn’t have to be complicated. At Borrow Right, we help businesses simplify compliance, avoid penalties, and focus on growth.
📞 Need help with taxation & compliance?
Contact us at +91 9429690747 or email ask@borrowright.in today!