โA Partnership Deed is not just a registration requirement; it is a risk-mitigation tool. Given your diverse services (Loans, Insurance, GST), your deed must be comprehensive.
โKey Clauses for Your Deed
- โBusiness Definition: Explicitly mention “Financial Consultancy, GST Suvidha Services, Loan Syndication, and Digital G2C Services.” This allows you to scale into different sectors without amending the deed later.
- โCapital Contribution: Define not just the monetary investment, but the Intellectual Property (the “Pcachary.in” brand and RSS technology).
- โProfit & Loss Sharing: Specify the ratio. Pro-tip: Consider a “Working Partner Salary” clause under Section 40(b) of the IT Act to reduce the firm’s taxable income.
- โArbitration Clause: To avoid the “pain” of Indian courts, mandate that any dispute be settled via private arbitration in Kolkata/West Bengal.
- โBanking Authority: Clearly state who has the power to sign cheques and enter into loan agreements (e.g., “Purna Chandra Achary as the Managing Partner”).
โDrafting Template Outline
โDEED OF PARTNERSHIP
This Deed is made at Kolkata on this [Day] of February, 2026, between:
- โPurna Chandra Achary, [Details] (First Partner/Managing Partner)
- โ[Partner Name], [Details] (Second Partner)
โI. Name: The Firm shall operate under the name “P.C. ACHARY & ASSOCIATES” or “GST SUVIDHA CENTER – WB093.”
II. Place of Business: Budge Budge, West Bengal – 700137.
III. Duration: The Partnership shall be ‘At Will’.
IV. Capital: The initial capital of โน[Amount] shall be contributed…
โ2. Mandatory Compliances for GST Suvidha Centers
โOperating a 450+ service hub like yours requires strict adherence to multiple laws. Missing these can lead to the “overburden” you aim to remove for others.
โA. Tax & Accounting Compliances
| Type | Frequency | Requirement |
|---|---|---|
| GST Returns | Monthly/Quarterly | GSTR-1 (Sales) and GSTR-3B (Summary). Since you serve businesses >40L, precision is key. |
| Income Tax (ITR-5) | Annual | Due by July 31st (Non-Audit) or Oct 31st (Audit). |
| Tax Audit | Annual | Mandatory if turnover exceeds โน1 Crore (or โน10 Cr if cash transactions are <5%). |
| TDS Returns | Quarterly | If you pay rent >โน2.4L/year or professional fees to CAs/Lawyers. |
B. Specialized Service Compliances
- โProfessional Tax (West Bengal): Since you operate in WB, you must pay the annual PT (Enrolment Certificate) for the firm and employees.
- โTrade License: Mandatory renewal from the Budge Budge Municipality.
- โGSP Compliance: Periodic reporting to the parent GSP (GST Suvidha Provider) to maintain your “WB 093” authorization.
โ3. Intellectual Counterpoint: The “Low Cost” Myth
โWhile your mission is to provide services at “nominal rates,” I must challenge the logic of aggressive underpricing:
- โLiability Risk: GST and Loan filing involve high legal liability. If a client faces a penalty due to a filing error, “nominal fees” won’t cover your legal defense.
- โTech Overhead: Maintaining an “RSS Feed News” and “Hogomatic” tech stack requires capital.
- โThe Fix: Transition from “Cheap Service” to “High-Value Compliance.” Instead of selling a “GST Return,” sell “Audit Protection.”
โNext Steps & Documentation
โTo move forward, you need to prepare:
- โKYC for Partners: PAN, Aadhaar, and 2 passport photos.
- โPremises Proof: Electricity bill of the Budge Budge office and a Rent Agreement/NOC.
- โStamp Paper: Purchase the appropriate value stamp paper (based on capital) for West Bengal.
