For manufacturers
Run a factory? Your GST credit, your job work and your stock all need a paper trail. We keep it.
Most factory owners learn about a lost GST credit months later. Raw material, packing, power, machines and job work all carry GST. That money comes back only if every bill reaches the books and matches what the supplier filed. Goods sent to a job worker must return inside a time limit. If they do not, the law treats the movement as a sale. Stock at year end has to be counted and valued. Small suppliers must be paid inside the days the law allows. Pay later and the cost is refused as an expense. We record every bill, claim the credit you are owed, and track every movement of goods. We also tell you what one unit costs to make.
- Every filing is checked before you approve it
- A reply the same working day
- One fixed fee a month
What is different for you
What a general accounting page will not tell you.
GST on machines comes back as credit too.
The GST on a new machine can be claimed in full, like the GST on raw material. You then cannot count that same GST in the cost of the machine for income tax. Credit on building work, such as a new shed, is blocked.
Job work needs a paper trail, or it becomes a sale.
Material sent to a job worker goes out on a challan without GST. It has to come back inside the time the law allows. Raw material gets one period and machines a longer one. If that time passes, the law treats the movement as a sale. The GST and the interest run from the day the goods left.
Moving goods needs an e-way bill above a value limit.
An e-way bill is the online document that must travel with goods above a set value. A truck stopped without one means the goods and the vehicle are held until tax and a penalty are paid. Goods sent to a job worker in another state need one whatever the value.
Year end stock has to be counted and valued.
Raw material, work still in progress and finished goods are counted on the last day of the year. Each is valued at cost, or at what it would sell for if that is lower. That number sets your profit for the year. Where a tax audit applies, the working behind it is checked.
Small suppliers must be paid inside a time limit.
If a supplier is a registered micro or small business, the law sets the days you have to pay them. Pay later than that, and the cost cannot be deducted in that year. Paying before you file your return does not save it. The cost comes back only in the year you pay.
You should know what one unit costs to make.
Material, labour, power and the wear on machines all belong in the cost of a unit. Most factories know their material cost and guess the rest. A guessed cost hides which product is losing money.
What we do for you
Every month, this is what we take over.
- We claim every rupee of GST credit you are owed. On material, packing, freight and machines. Matched every month against what your suppliers filed, so credit that is missing gets chased.
- We track your job work. Every challan out, every return in, and the return that reports them. You hear from us before a time limit ends.
- We value your stock and keep the count ready for year end. Raw material, work in progress and finished goods, valued the way the law wants, with the working behind each number.
- We watch the payment clock on small suppliers. We tell you which bills must be paid by when, so no cost is refused at year end.
- We give you the cost per unit every month. Material, labour, power and machine wear, allocated to what you made. Your monthly report shows margin by product, not a single number for the whole factory.
- Everything beyond the factory floor. Books, GST, TDS on contractors and job workers, income tax, ROC where it applies, and notices. We run all of it as your finance team, for one fixed fee. Payroll for your workers is quoted separately.
In a factory the profit hides in the credit you did not claim and the cost you did not count.
Software does the routine work. Our team reviews every return. You approve, then we file. How it works
Read more
The filings that matter most for you.
Questions
Things people in your position ask.
Can I claim GST on a new machine?
Yes, in most cases, and the credit can be claimed in one go. If you take the credit, that GST cannot also sit in the cost of the machine for income tax. Credit on building and civil work is blocked, so a new shed is treated differently from a new machine. The bill has to be in your name and reach the books.
I send material to a job worker. Does GST apply?
Not when the material goes out on a proper challan and comes back inside the time the law allows. If it comes back later than that, the law treats it as a sale and GST is due with interest. We track every movement so that never happens by accident.
What is the rule about paying small suppliers?
If a supplier is registered as a micro or small business, you have to pay them inside a fixed number of days. Pay later and the cost is refused as an expense for that year. We flag these bills as they come in and tell you the last date for each.
Do you handle payroll and contractor TDS for a factory?
Yes. Salaries, wages, PF and ESI where they apply, and the tax cut on contractors and job workers. On a job work bill where you supplied the material, the tax is cut on the job work charge alone. That works only if the material value is shown separately on the bill. Payroll and TDS are both monthly work.