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M/s. SHEO KANT & ASSOCIATES — Chartered Accountants
EN HI

Industries

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Manufacturing, tech, healthcare, real estate and retail, with the same professional standard.

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Healthcare Hospitals, diagnostic chains and professional clinics operate at the junction of GST exemptions, composite supplies, charitable trust conditions and high cash-to-bank risk. Engagements emphasise revenue completeness, 194J professional payments, and trust/section 10/12AB compliance where applicable. Manufacturing Manufacturing clients typically combine high GST volume, inventory valuation judgements, MSME payment cycles and plant-level internal control. Our work centres on statutory audit coordination, ITC integrity, cost records where prescribed, and transfer of benefits under industrial incentive schemes — documented as professional procedures, not as outcome guarantees. Real Estate & Infra Real estate and infrastructure mandates involve project-wise WIP, RERA collections, GST on works contracts, joint development agreements and large TDS/TCS surfaces (194-IA, 194R, 206C). We organise documentation so statutory audit, tax audit and RERA reporting speak from the same schedules. Retail / E-Commerce Retail and marketplace sellers face TCS under section 52 of the CGST Act, high-volume reconciliations, inventory shrinkage and marketplace settlement lags. Our procedures focus on GSTR-1 vs platform reports, 194-O where relevant, and cut-off between principal and agent supplies. Startups & Tech Early-stage and growth-stage technology companies need clean cap-table hygiene, ESOP accounting, GST on cross-border SaaS, and investor-grade MIS. We support Virtual CFO cadences, due-diligence data rooms and Section 80-IAC / DPIIT documentation where the client is eligible — eligibility is always fact-specific.

Regulatory Circulars

AIS/TIS pre-fill: reconciling information before you accept it

SKA Direct Tax Desk · 5 min read

Annual Information Statement and Taxpayer Information Summary pre-fill is a convenience, not a substitute for books. Duplicate reporting of TCS, incorrect SFT codes and lagged GST turnover remain common.

Feedback on the compliance portal should be used where the information is factually wrong, with evidence attached. Accepting an inflated interest or property line merely to “file on time” creates a later rectification burden.

Always cross-walk Form 26AS, AIS and the general ledger before locking the ITR.

वार्षिक सूचना विवरण और करदाता सूचना सारांश प्री-फिल सुविधा है, बहियों का विकल्प नहीं। टीसीएस की दोहरी रिपोर्टिंग, गलत एसएफटी कोड और विलंबित जीएसटी टर्नओवर सामान्य हैं।

जहाँ सूचना तथ्यात्मक रूप से गलत हो, साक्ष्य संलग्न कर अनुपालन पोर्टल पर फीडबैक का उपयोग करें। केवल “समय पर फाइल” करने के लिए बढ़ी हुई ब्याज या संपत्ति पंक्ति स्वीकार करना बाद में परिशोधन का बोझ बनाता है।

आईटीआर लॉक करने से पहले फॉर्म 26एएस, एआईएस और सामान्य खाता-बही का क्रॉस-वॉक अवश्य करें।

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