Chartered Accountants in Nashik

Our office is at Office at Plot 08, Eden Complex, Gangapur Road, Nashik 422222, open 9:30 AM to 8:00 PM; other times by appointment. The main industrial areas of the district lie within about an hour's drive of the office. Local businesses expect their Chartered Accountant to be present in person, and the firm works on that basis.

We visit the factory. Job-work registers, stores records, production reports and dispatch documents are more easily understood in the place where they are kept. A first meeting about stock, costing or GST credit is usually held on site with the person who keeps those records.

We work with your accounts team. Most units in Satpur, Ambad and Sinnar have an in-house accountant or a small team. Their entries are reviewed by us, and errors are corrected where they first occur. The team is then given a written method for the following month, so that the same error does not reappear at year end.

A named contact. Return due dates, bank renewals and dates for replying to notices do not move. Each client has a named Chartered Accountant with a direct phone number, and replies are sent within 48 working hours.

We work with your bank and your other advisers. Most Nashik businesses work with bank managers, stock auditors, cost accountants and company secretaries during the year. At the client's request, we correspond with them directly.

We write in plain language. Written advice is given in English. Discussions are held in English, Marathi, Hindi, Sindhi, Gujarati, or another language you prefer if someone in the syndicate speaks it.

The Nashik service pages describe how each service runs locally, with reference to the estates, the banks and factory visits: taxation, GST, accounting and compliance, business advisory, transfer pricing and manufacturing finance. Audit is listed only on its own Nashik audit page and is not pitched from other pages.

Six issues arise in almost every manufacturing business in the district. None of them is unusual. Each has a measurable cost when the records and the law disagree, and each is addressed in the same way: the records are reconciled with the law at regular intervals, before a return, an audit or a bank review relies on them.

1. Job-work chains. A Satpur unit sends forgings to a heat-treatment shop in Ambad. That shop passes them to a plating unit in Sinnar, and the forgings then return to Satpur for machining. Under GST, the principal manufacturer must track every lot sent out. Inputs must be received back within one year and capital goods within three years; moulds, dies, jigs, fixtures and tools have no time limit. Goods not returned in time are treated by law as supplied on the day they left, with tax and interest. ITC-04 must report what was sent and what was received back, half-yearly or yearly depending on turnover. In a chain of three or four links the records seldom agree on their own. We reconcile the challans with the job worker's records each quarter, so that lots approaching the time limit are identified while they can still be recovered.

2. More than one unit, more than one registration. A group with a plant in Ambad and another in Sinnar may run both under one GST registration or under separate entities. Units in different states need separate registrations and are treated as separate persons. Stock and services moved between them are therefore supplies, and they must be valued correctly. Where units hold separate registrations, input tax credit on common services, such as a head office or shared software, has to be distributed to the units that use it. Since 1 April 2025 this must be done through an Input Service Distributor registration. Where the valuation or the distribution is wrong, credit is denied to one unit and tax is demanded from another; we review both before the annual return is filed.

3. Group companies. Many Nashik groups have a manufacturing company and a trading or job-work firm, and the land or machines are often held by a separate entity. Rent, job-work charges, sales of material and guarantees pass between them. Each transaction needs a fair price and a proper agreement. Above certain limits, transfer pricing documentation is also required. These transactions affect income tax and GST, and they also influence how the bank views the group. An agreement written after a notice has arrived carries little weight, which is why we set the pricing and the documents at the start of the year.

4. Bank finance and stock statements. Cash credit limits depend on drawing power, which is calculated from the stock and debtors reported to the bank each month. If the stock statement, the books and the GST returns show three different figures, the stock audit or the annual renewal will find the difference. We reconcile the figures before the bank reviews them. Projections and CMA data for renewals and new limits are also prepared with our help. A longer note is in the article on inventory valuation and stock statements.

5. Paying MSME suppliers on time. Payments to micro and small enterprises are due within the time section 15 of the MSMED Act, 2006 allows: the period agreed in writing, which cannot exceed 45 days, or 15 days where nothing is agreed. A business that pays later loses the income-tax deduction for that expense until the year in which it actually pays (section 37(2)(g) of the Income-tax Act, 2025; section 43B(h) of the 1961 Act). Medium enterprises fall outside the rule, as do traders registered on Udyam only for priority-sector lending. Many Nashik units sit on both sides. They wait for payment from large customers, yet they must pay their own small suppliers on time. See Paying MSME suppliers on time.

6. Export units. Exporters of pharmaceuticals, engineering goods, electrical equipment, grapes and onions make zero-rated supplies under a Letter of Undertaking and claim refunds of IGST or unused credit. They also handle foreign currency receipts and export incentive schemes, and many have a related party abroad. A delayed refund holds back working capital, and a transfer pricing adjustment can remove the margin of a whole year. Refund applications are prepared from reconciled figures, and the related-party pricing is documented before the return is due.