Internship Project 2022 Format

Internship Project 2022
INTERNSHIP PROJECT REPORT
on
“CHARTERED CONSULTANCY SERVICES”
Submitted by
Mohammad Asif
Roll No: 21111035
Under the Guidance of

Vandana Vijay Bhagat
B.Com. (Financial Analytics),

Department of Commerce,
School of Commerce, Finance and Accountancy
of Christ (Deemed to be University), Lavasa, Pune
1
COMPANY CERTIFICATE
2
CERTIFICATE
This is to certify that the project report on “Chartered Consultancy Services” written and
submitted by Mohammad Asif (21111035) has successfully completed the internship project
during July-August 22 in partial fulfillment for the award of the degree of Bachelor of
Commerce (Financial Analytics) under CHRIST (Deemed to be University) Lavasa, Pune.
The project report or part thereof has not been submitted to any other university or institution for
any degree or certificate.
I wish him/her every success.
Date: 25th August 2022
Place: Pune, Lavasa

Dated: (Vandana Bhagat)
Place: Assistant Professor,
School of Business and Management,
CHRIST University, Lavasa,
Pune
3
DECLARATION
I, undersigned, hereby declare that the report on “Chartered Consultancy Service” submitted
by Mohammad Asif (21111035) is my original work and the conclusions drawn therein are
based on the data & material collected by myself.
Mohammad Asif
21111035
4
ACKNOWLEDGEMENT
In successfully completing this project, many people have helped me. I would like to thank all
those who are related to this project.
I am highly indebted to Dr Fr Jossy George, Director and Dean of CHRIST (Deemed to be

University), Lavasa and our Academic Coordinator Fr Justin P Varghese for their constant
support and encouragement.
Under the guidance of project coordinator Vandana Vijay Bhagat, I was sure that this project
will accomplish well before time.
I would like to show my gratitude to Rizwan khan who guided me throughout the project in the
company.
Lastly I would also like to thank other staff members and all those people associated with the
project and appreciate their cooperation, without which this project would not have been
successful.
5
Table of Content
Chapter 1: Introduction 1
1.1 Proﬁle of the organization 2
1.2 Vision and Mission 2
1.2.1 Vision 2
1.2.2 Mission 2
1.3 Objectives 3
1.4 Strategies of the Organization 3
1.5 Organization Design/Structure 4
1.6 Policies and Procedures Followed 4
1.7 Products 4
1.8 Competitors 5
Chapter 2: Functional Areas of the Company (Departments/Verticals) 6

2.1 Tax Department 7
2.2 Human Resource Department 7
2.3 Technical Department 8
2.4 Administration Department 8
Chapter 3: Organizational Performance 9

3.1 financials 10
3.2 System of Accounting Followed 10
3.3 Signiﬁcant Factors for Success 10
3.4 Financial Highlights 11
3.5 Key Result Areas of the Organization 14
3.6 Feedback 15
Chapter 4: Description of the Project Undertaken and Learning Experience 16

4.1 Projects Undertaken During the Project 17
4.2 Field Visit Photos 18
4.3 Photographs/Supporting Documents Pertaining to the Activities/Services Rendered 21
4.4 Learning Experience/Outcomes 23
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Chapter 1: Introduction
1
Chapter 1: Introduction
1.1 Profile of the organization
The organization is operating as Charted Accountant Firm under the rules and regulations and code of
ethics designed for CA firms by ICAI.
The Institute of Chartered Accountants of India was established as a statutory body on July 1, 1961,
under Chartered Accountant Ordinance, 1961 to regulate the profession of accountancy in the country.
(Taken from ICAI Wikipedia)
ICAI is governed by the council which consists of nineteen members, fifteen members are elected from
amongst members for a period of four years. The remaining four council members are nominated by
the government of India.
The firm provides different kinds of professional services like Audit, registration, tax filing and
consulting, financial accounting, registration, certification, and licenses.
1.2 Vision and Mission
1.2.1 Vision
CCS (Chartered Consultancy Service) is the tax designing and house for Paschim Bardhhaman’s
victorious business individuals. Our purchaser’s area unit entrepreneurs, homeowners of construction
and property corporations, medical and dental professionals, non-profit organizations, personal
investors, and high-net-worth people. The list is long and varied, however, all of them share a standard
trust that CCS can facilitate them notice the chance behind their numbers.
1.2.2 Mission
CCS (Chartered Consultancy Service) is the tax designing and house for Paschim Bardhhaman’s
victorious business individuals. Our purchaser’s area unit entrepreneurs, homeowners of construction
and property corporations, medical and dental professionals, non-profit organizations, personal
investors, and high-net-worth people. The list is long and varied, however, all of them share a standard
trust that CCS can facilitate them notice the chance behind their numbers.
.
2
1.3 Objectives
The targets of Chartered Consultancy carrier are:

the overall objective is to awareness the activities towards its specialized services
(auditing, accounting, tax and commercial enterprise consulting) and to become a leader on this
niche inside the country.
Growth - To expand the business at a price this is both challenging and
possible, serving the marketplace with innovation and flexibility
1.4 Strategies of the Organization
An organizational strategy is a long-term plan that allocates how a company plans to use its
resources to support business activities. The Chartered Consultancy Services has a unique
strategy. They hire skilled employees, try to understand their client’s wants and needs, have easy
and regular communication with their clients, and lastly build good trust with clients.
3
1.5 Organization Design/Structure
The company has around 25 staff which includes 5 full-time-chartered accountants

besides 2 companions who are also chartered accountants. company has 2 full-time ACCAs, 2
MBAs and 14 body of workers which incorporates senior managers, CA Finalists, article
trainees, and 4 secretarial teams of workers.
The company’s organizational structure is more of a useful company structure. The
two senior partners are in the top stage. There are two junior associates who fall
simply under the senior partners. beneath junior pals are the senior managers who
command the junior managers and article ships trainees. The one-of-a-kind senior
managers are assigned various features/offerings offered to the customers. there's no
such aspect as departments and departments. The senior managers create a group comprising of
junior managers and Article ships/trainees
Proprietor - Md. Rizwan Khan
Manager - Nadim Akhtar
Supervisor- Raghu Kumar Prasad
1.6 Policies and Procedures Followed
Chartered Consultancy Services follow a strict policy regarding the following

1. Timely submission of files like (GST and ITR)
2. No misbehaving with clients
3. No misuse of client data
1.7 Products
Services
1. New business startup: - Guides customer in their new startup by analyzing overall the market
condition, suitability, expenses etc.
2. Registration: - helps customers in different types of government registration
3. Tax filing and consultation: - helps customers in filing their ITR, TDS, and GST and giving
consultancy regarding the same
4. Audit and Compliances: - helps in auditing
5. Financial Accounting: - helps customers with their financial reports, making financial
statements and balance sheets.
4
6. Certification and licenses: - helps the customer in getting licenses and certificates
1.8 Competitors
1. Sancheti Baid & Co. is a firm of dedicated and zealous Chartered Accountants. Formed in the year
2012.
2. M/s R. K. Kankaria & Co. was set up in the year 1983 as a Sole Proprietorship firm by Mr.
Rajesh Kumar Kankaria with a small office and small client base. In the year 1995 the firm was
converted into a Partnership firm.
3. 3. S K Agrawal and Co: -Established in 1968, S K Agrawal and Co Chartered Accountants LLP
has been at the forefront in providing services related to all aspects of accounts and finance of
companies and individuals since before independence
4. SALARPURIA JAJODIA & CO. was formed in 1956 by Late MR. G.D. SALARPURIA and
Late MR. R.P. SALARPURIA in Kolkata
5. SDP & Associates
6. Chaudhary & Co
7. Lodha &Co
8. D.P. Agarwal & Associates
9. Poddar Agarwal &Co
10. Santoria and Associates

(No market share and revenues were available of these competitors)
5
Chapter 2: Functional
Areas of the Company
6
Chapter 2: Functional Areas of the Company (Departments/Verticals)
2.1 Tax Department

company supplies taxation services to customers and assists them in obtaining premiere tax benefits
available below the legal guidelines. firm also help customers to comply with the tax regulations and
regulations and always keep them updated with the latest tendencies and amendments. Tax personnel
are qualified experts, skilled and knowledgeable. We keep a comprehensive tax library that usually
gives geared-up references and well-timed solutions in complicated conditions. The firm offers a
complete variety of tax offerings which incorporates;
preparation and submission of annual tax returns.
Compliance services.
Tax advisory services.
illustration and litigation with tax authorities.
private profits tax services.
2.2 Human Resources Department
This department is in particular concerned with the recruitment, hiring/firing of the firm and this
department presents the timely reports on effective usage of the assets with the aid of the company. A
cause of the human useful resource is to maintain the educated employees and recruit new active body
of workers to paintings. every other motive of this branch is to provide a terrific operating
surroundings body of workers and try to make by means of facilitating them and arranging some
leisure sports for them. HR knows the real well worth of its employees so cares for them and
encourages them to work greater correctly and diligently.
The hierarchy followed by CCS. is according with the prison shape a CA company shall have.
although the ICAI guidelines permit no longer have supervisors and do not make it obligatory to have
a senior supervisor and manager, this goes as an additional gain for the firm of having such an in-
depth hierarchy.
2.3 Technical Department
Department handles the computer associated topics and assists other departments in working nicely and
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efficaciously. The branch deals with online submitting of returns of profits for tax department and
finalize audit reviews in proper format in a presentable manner. It offers with networking of computer
systems in office and all different troubles which can be confronted by laptop users time to time
2.5 Administration Department: -

It handles all the correspondence of the firm by sending solicited and unsolicited information from time
to time. Effectively and efficiently manage the day-to-day operations of the Correspondence. Interact
with clients to resolve policy and customer issues. Identify trends and remove obstacles in Statement
production and delivery by properly maintaining a record of all communication for future reference.
8
Chapter 3: Organizational
Performance
9
Chapter 3: Organizational Performance

From my perspective, I discovered the general overall performance of the company above first-
class level measured on following standards.
3.1 financials:
looking at the frenzy of work and the character of the services, there's no question that

the organization has sound monetary performance. furthermore, the company is the auditing and
consulting company run/managed with the aid of the chartered accountants
who are professionals within the field of finance? therefore, there may be very less hazards of
the company incurring losses.
3.2 System of Accounting Followed
3 The organization is operating as Charted Accountant Firm under the rules and regulations and
code of ethics designed for CA firms by ICAI.
3.1 Significant Factors for Success
The keys to success for Chartered Consultancy offerings are:
 Developing visibility to generate new enterprise leads.
 Relationships with clients (developing unswerving, respectful, in-depth depth contact with
 each customer and potential clients).
 advertising and marketing/approach and networking with different specialists.
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 Responsiveness to clients (rapid response time for unique issues) especially (especially in
reporting data).
 Excellence in enjoyable the promise.
 Openness: languages and self-discipline for creating interregional and worldwide
 contacts.
3.2 Financial Highlights
11
3.3 Key Result Areas of the Organization
12
Feedback of clients
13
14
Chapter 4: Description of
the Project
15
Chapter 4: Description of the Project Undertaken and Learning Experience
4.1 Projects Undertaken During the Internship
GST, E-way bill
GST or items and offerings Tax is the value-added tax levied upon the products
and offerings offered for domestic intake. The tax charged at each degree of
the production process is refunded to all parties in the manufacturing chain except
the stop purchaser/patron.
What are the styles of GST?
GST has brought a reform in taxation in India. numerous forms of oblique

taxes changed by means of GST is labeled below 4 classes. The 4 sorts are:
CGST –
CGST is a critical goods and services tax. it is relevant to providers dealing
within the country. Taxes that might be accumulated might be shared with
the principal authority frame.
SGST –
SGST is a nationwide goods and services tax. it is applicable to providers who dealing
inside the nation. Taxes that are accrued will be shared with the kingdom authority
frame.
IGST –
IGST stands for an incorporated items and offerings tax. it's miles applicable to
providers who cope with interstate commercial enterprise and import transactions. Taxes
which might be amassed can be shared to crucial and kingdom authority frame.
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UTGST –
If the transaction is related to any union territory.
what's GST Return?
A return is a document which incorporates all the info of the income which a

taxpayer is obliged to file with the tax regulatory authorities. this is used by tax
experts to calculate tax legal responsibility.
below GST, a registered supplier has to record GST returns that encompass:
∙ income
∙ Purchases
∙ Output GST (On sales)
∙ Input tax credit (GST paid on purchases)
GSTR-1
GSTR-1 return form has to be filed by using a registered taxable supplier with details
of the outer elements of products and services. This shape is crammed through the dealer.
The consumer has to confirm the auto-populated buy data at the form
and make modifications if required.
GSTR-1 return shape has to be filed with the aid of tenth of the forthcoming month
GSTR-3B
GSTR-three return form must be filed by means of a registered taxpayer with the information
which might be automatically populated via from GSTR-1 and GSTR-2 returns bureaucracy.
The taxpayer has to check and make modifications if any. GSTR-3 go back shape
must be filed by the 20th of the forthcoming month.
Tally Entries
The following method is followed to accomplish this project:
. first off, we assessed all records of vouchers carefully, that no any vouchers had any queries
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associated with adjustments. Then, we make a separate folder for that work.
Then, we create an organization in Tally software by way of that company call and started
doing entries.
• Receipts & fee entries are posted carefully as it carries some contra entries also.
• Then after finishing entries posting recheck the records by using the balance sheet, Trial
balances & Day eBook.
4.2 Field Visit Photos
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10
4.3 Photographs/Supporting Documents Pertaining to the Activities/Services Rendered
10
10
10
4.4 Learning Experience/Outcomes
While working with Chartered Consultancy services. I discovered such a lot of matters which going to

be beneficial for rest of my life. During my internship most importantly, I realized the way
to work under the pressure of responsibilities holding a chain of instructions and running in a team.
CA Rizwan Sir taught me to work with guidelines and law, where I have received the
expertise on how to reach a mutual knowledge among extraordinary people even working together.
This realistic orientation is necessary for the development and guidance of a person before getting
into the corporate world. The things that I’ve learned at Chartered Consultancy offerings. Chartered
Accountants are:
∙ that means of duty
∙ responsibility to the profession
∙ Necessity of dedication
∙ Auditing and reporting obligations
∙ working with ethics
∙ running independently
∙ consumer dealings
∙ Punctuality and regularity could be very vital
∙ capacity to engage with special kinds of people
Thank You
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Internship Project 2022

INTERNSHIP PROJECT REPORT

“CHARTERED CONSULTANCY SERVICES”

Under the Guidance of

B.Com. (Financial Analytics),

I wish him/her every success.

Date: 25th August 2022

Place: Pune, Lavasa

I am highly indebted to Dr Fr Jossy George, Director and Dean of CHRIST (Deemed to be

Chapter 2: Functional Areas of the Company (Departments/Verticals) 6

Chapter 3: Organizational Performance 9

Chapter 4: Description of the Project Undertaken and Learning Experience 16

1.1 Profile of the organization

1.2 Vision and Mission

The targets of Chartered Consultancy carrier are:

1.4 Strategies of the Organization

1.5 Organization Design/Structure

The company has around 25 staff which includes 5 full-time-chartered accountants

1.6 Policies and Procedures Followed

Chartered Consultancy Services follow a strict policy regarding the following

5. SDP & Associates

8. D.P. Agarwal & Associates

9. Poddar Agarwal &Co

10. Santoria and Associates

Chapter 2: Functional Areas of the Company (Departments/Verticals)

2.1 Tax Department

2.2 Human Resources Department

2.3 Technical Department

2.5 Administration Department: -

Chapter 3: Organizational Performance

looking at the frenzy of work and the character of the services, there's no question that

3.2 System of Accounting Followed

The keys to success for Chartered Consultancy offerings are:

 Developing visibility to generate new enterprise leads.

 each customer and potential clients).

 advertising and marketing/approach and networking with different specialists.

 Excellence in enjoyable the promise.

 Openness: languages and self-discipline for creating interregional and worldwide

3.2 Financial Highlights

3.3 Key Result Areas of the Organization

Chapter 4: Description of the Project Undertaken and Learning Experience

4.1 Projects Undertaken During the Internship

What are the styles of GST?

GST has brought a reform in taxation in India. numerous forms of oblique

A return is a document which incorporates all the info of the income which a

The following method is followed to accomplish this project:

4.2 Field Visit Photos

4.3 Photographs/Supporting Documents Pertaining to the Activities/Services Rendered

4.4 Learning Experience/Outcomes

While working with Chartered Consultancy services. I discovered such a lot of matters which going to

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