Question 1

Is GST registration mandatory for online sellers in Ahmedabad?

Accepted Answer

Yes, any individual or entity selling goods or services through e-commerce platforms is required to take mandatory GST registration regardless of annual turnover.

Question 2

How long does it take to obtain a GST number in Gujarat?

Accepted Answer

Once the application with Aadhaar authentication is submitted, GSTIN is typically granted within 3 to 7 working days, subject to state and central tax officer verification.

Question 3

Can I register for GST voluntarily even if turnover is below the threshold?

Accepted Answer

Yes, voluntary registration is allowed and enables businesses in Ahmedabad to pass on Input Tax Credit to clients and access B2B supply contracts.

Question 4

Where is your CA office located for GST consultation in Ahmedabad?

Accepted Answer

Our office is located at Shop No. A/407, Rashmi growth hub-2, S.P. Ring Road, Odhav, Ahmedabad, convenient for clients across East and West Ahmedabad.

Question 5

What happens if GSTR-3B is filed after the due date in Gujarat?

Accepted Answer

A late fee of ₹50 per day (₹20 for Nil returns) plus interest at 18% per annum on net cash tax liability is charged by statutory authorities.

Question 6

Can ITC be claimed if my supplier has not filed GSTR-1?

Accepted Answer

As per GST law, ITC can only be claimed if it reflects in your GSTR-2B statement. We assist in identifying non-compliant suppliers before return deadlines.

Question 7

Do you handle annual GSTR-9 and GSTR-9C filings for Ahmedabad companies?

Accepted Answer

Yes, we prepare comprehensive GSTR-9 annual returns and GSTR-9C reconciliation statements for businesses crossing turnover limits.

Question 8

What should I do if I receive a GST notice from Gujarat tax authorities?

Accepted Answer

Do not ignore tax notices. Contact our practice immediately to analyze the legal grounds, reconcile invoice data, and submit a structured written response within the statutory timeline.

Question 9

Is e-invoicing mandatory for my Ahmedabad manufacturing business?

Accepted Answer

E-invoicing is mandatory for entities whose turnover exceeds statutory thresholds set by CBIC in any preceding financial year since 2017-18.

Question 10

Which ITR form should I file for business income in Ahmedabad?

Accepted Answer

ITR-3 is applicable for proprietary business/profession income, while ITR-4 (Presumptive) applies if opting for Section 44AD/44ADA rules.

Question 11

What is AIS and why is it critical during ITR filing?

Accepted Answer

AIS (Annual Information Statement) tracks all financial activities linked to your PAN. Omitting AIS figures can trigger automated tax notices.

Question 12

Can you help with tax planning for HUFs in Gujarat?

Accepted Answer

Yes, we assist Hindu Undivided Families (HUFs) in structuring family investments, capital accounts, and claiming separate tax slab benefits legally.

Question 13

What is the penalty for not completing a Tax Audit on time in India?

Accepted Answer

Under Section 271B, the penalty is 0.5% of total turnover/gross receipts, up to a maximum of ₹1,500,000.

Question 14

What is the difference between Form 3CA and Form 3CB?

Accepted Answer

Form 3CA is used when accounts are already audited under another law (e.g. Companies Act). Form 3CB is used when audit is required solely under the Income Tax Act.

Question 15

What is a CA Certified Net Worth Statement?

Accepted Answer

It is a formal document issued by a Chartered Accountant certifying an individual total assets minus total liabilities, required for bank loans, immigration, and tender applications.

Question 16

Can corporate accounting be managed on cloud software in Ahmedabad?

Accepted Answer

Yes, we work with Tally Prime, Zoho Books, QuickBooks, and custom ERP systems to maintain real-time cloud bookkeeping.

Question 17

Is edit log mandatory in accounting software for companies in India?

Accepted Answer

Yes, MCA mandates that companies using accounting software must use software with an edit log facility recording every change made to books of account.

Question 18

Do Ahmedabad banks require CA certified projected balance sheets for loans?

Accepted Answer

Yes, bank loan proposals typically require audited financial statements for past years along with CA certified projected balance sheets for future loan tenure.

Question 19

What is the relationship between P&L Account and Balance Sheet?

Accepted Answer

The net profit calculated in the P&L Account transfers into the owner equity/retained earnings section of the Balance Sheet, linking performance to capital.

Question 20

Why do bank loan officers ask for Computation of Income along with ITR?

Accepted Answer

ITR acknowledgement only shows summary figures, whereas the Computation Sheet breaks down specific income heads, deductions, and financial stability details.

Question 21

What is the due date for filing quarterly TDS returns in India?

Accepted Answer

Quarterly due dates are 31st July (Q1), 31st October (Q2), 31st January (Q3), and 31st May (Q4).

Question 22

Can a partnership firm apply for PAN before deed registration in Gujarat?

Accepted Answer

Yes, a notarized partnership deed is sufficient proof of identity and address to apply for PAN, even if RoF registration is pending.

Question 23

What is the primary tax benefit of creating an HUF PAN in Gujarat?

Accepted Answer

An HUF is assessed as a separate person under Income Tax law, providing the family an additional basic exemption tax slab and full Chapter VI-A tax deduction limits.

Question 24

Is there an official government fee for Udyam Registration?

Accepted Answer

The Government of India Udyam registration is free of official fees; our professional charge is purely for verification, NIC classification, and filing assistance.

Question 25

How does Udyam registration help with delayed buyer payments in Gujarat?

Accepted Answer

Under the MSMED Act, buyers who delay payments beyond 45 days are legally required to pay compound interest at three times the RBI bank rate.

Question 26

What is the difference between Signing and Combo (Signing + Encryption) DSC?

Accepted Answer

Signing DSC is used for regular MCA, GST, and ITR filings. Combo DSC includes Encryption key required for e-Tendering and government auction portals in Gujarat.

Question 27

Can I consult a CA in Ahmedabad for urgent tax notice responses?

Accepted Answer

Yes, we offer confidential in-person consultation at our Odhav office as well as virtual consultation options with rapid document review capabilities.

Statutory & Compliance FAQ Repository

Statutory Compliance Answers (27)

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