Tax Audit & Industrial Compliance for MIDC Shirwal

What's included

• Section 44AB industrial tax audit (Form 3CA/3CB and Form 3CD)
• Plant & machinery depreciation schedules under Section 32
• Inventory valuation audit (Raw Material, WIP, Finished Goods)
• GST inverted duty structure refund (RFD-01) preparation
• Letter of Undertaking (LUT) filing for direct & deemed exports
• TDS compliance on contractor payments (Section 194C/194J) & 26Q

Industrial Tax Audit & Compliance for MIDC Shirwal

Located strategically along the Pune-Bangalore National Highway (NH-48), the MIDC Shirwal and Khandala industrial corridor is the heavy manufacturing and engineering backbone of Satara district. Manufacturing units here operate on high capital investment, complex supply chains, job-work arrangements, and strict delivery timelines.

General retail accounting does not suit a manufacturing plant. Production operations require specialized Chartered Accountant oversight — covering mandatory Section 44AB Tax Audit, plant and machinery depreciation schedules, inventory valuation, job-work challan reconciliations, and industrial GST compliance.

---

Key Tax Audit Requirements for Shirwal Manufacturers

Industrial enterprises crossing statutory turnover thresholds must undergo a tax audit under Section 44AB of the Income Tax Act, 1961, certified in Form 3CA/3CD (for companies) or Form 3CB/3CD (for non-corporate units).

Our industrial audit focus areas in MIDC Shirwal:

1. Turnover Threshold Determination:
   • Standard manufacturing threshold: ₹1 Crore.
   • Cashless operational threshold: ₹10 Crore, provided aggregate cash receipts and payments (including petty cash, wages, and scrap sales) do not exceed 5% of total transactions.
2. Depreciation under Section 32:
   • Accurate tracking of additions and put-to-use dates for machinery, computers, and pollution-control equipment to claim correct 15%, 40%, or additional depreciation u/s 32(1)(iia).
3. Inventory Valuation Compliance (ICDS II):
   • Verification of Raw Materials, Work-in-Progress (WIP), Finished Goods, and scrap valuation adhering to cost or Net Realisable Value (NRV).
4. Related Party Transactions u/s 40A(2)(b):
   • Scrutiny of payments made to directors, partners, or relatives for raw materials, rent, or job work to prevent disallowance under tax assessment.
5. MSME Delayed Payments u/s 43B(h):
   • Audit verification of payments due to registered Micro and Small enterprises within the 15-day or 45-day statutory window under the MSMED Act, 2006 to avoid tax disallowance.

---

GST Optimization & Industrial Refunds for Shirwal Units

---

Zero Factory Interruption — Digital & On-Site CA Workflow

Shirwal plant heads and financial controllers cannot afford repeated visits to government offices. We run a seamless, tech-enabled workflow:

• Digital Book Transfer: Financial data extracted directly from Tally Prime, SAP, or Zoho Books.
• Direct Review with CA Reshma Jadhav: Interactive video walkthroughs and scheduled physical visits to Shirwal premises for inventory and ledger inspection.
• On-Time Filing Guarantee: Audit reports (30 September) and corporate returns (31 October) finalized weeks in advance of statutory deadlines to eliminate Section 271B penalties.
• Direct Contact: Call or WhatsApp +91 81779 22977 or submit documents via the secure online portal.