Question 1

What are the GST compliance requirements for brassware manufacturers operating in the Rewari Industrial Area who supply both within Haryana and to other states?

Accepted Answer

Brassware manufacturers in Rewari Industrial Area must obtain GST registration under the Haryana GST Act if their aggregate turnover exceeds the prescribed threshold, and they are required to file GSTR-1 and GSTR-3B returns monthly or quarterly depending on turnover. For inter-state supplies to other states, they must charge Integrated GST (IGST) and ensure proper e-way bill generation for consignments exceeding the value limit, while intra-state supplies attract Central GST plus State GST. Input tax credit on raw materials such as brass scrap, zinc, and copper must be reconciled with the auto-populated GSTR-2B data, and any mismatches should be communicated to vendors promptly to avoid credit reversal. The State GST Division, Rewari, conducts periodic audits and scrutiny of returns, so maintaining proper documentation of invoices, delivery challans, and stock records is essential for compliance.

Question 2

How should automotive component suppliers in the Dharuhera-Bawal corridor manage e-way bill generation and input tax credit reconciliation under the current GST framework?

Accepted Answer

Automotive component suppliers in the Dharuhera-Bawal corridor must generate e-way bills for every consignment valued above fifty thousand rupees, whether the movement is within Haryana or inter-state, and the bill must be generated before the commencement of transport. Since many units operate as ancillaries to large OEMs, they often receive advance payments and must account for GST on advances as per the time-of-supply provisions, which requires careful tracking in the accounting system. Input tax credit on capital goods, job work charges, and packaging materials should be claimed in the correct return period and reconciled with GSTR-2B to prevent discrepancies that could trigger notices from the Central GST Commissionerate, Gurugram. Regular vendor compliance rating checks and obtaining vendor GSTIN verification certificates help sustain uninterrupted credit flow.

Question 3

What is the process for incorporating a Private Limited Company with a registered office in Rewari, and which Registrar of Companies has jurisdiction?

Accepted Answer

To incorporate a Private Limited Company with a registered office in Rewari, promoters must first obtain Digital Signature Certificates and Director Identification Numbers for all proposed directors, then reserve a unique name through the SPICe+ Part A form on the MCA portal. Upon name approval, the SPICe+ Part B form is filed along with the Memorandum of Association, Articles of Association, and proof of registered office address such as a utility bill and No Objection Certificate from the property owner. Since Haryana falls under the jurisdiction of the Registrar of Companies, Chandigarh, the application is processed by the ROC Chandigarh office, which issues the Certificate of Incorporation, PAN, and TAN upon satisfaction of all requirements. Post-incorporation, the company must hold its first board meeting within thirty days and file the declaration for commencement of business in Form INC-20A within one hundred and eighty days.

Question 4

How does the presumptive taxation scheme under Section 44AD apply to retail traders and small manufacturers in Rewari's commercial markets such as the Model Town and Circular Road areas?

Accepted Answer

Retail traders and small manufacturers in Rewari's Model Town and Circular Road markets with a total turnover not exceeding two crore rupees in a financial year may opt for the presumptive taxation scheme under Section 44AD, declaring income at a rate of eight percent of gross turnover or six percent for digital receipts. This scheme eliminates the requirement to maintain detailed books of account and undergo a tax audit under Section 44AB, provided the assessee does not claim deductions under Sections 30 to 38. However, if the assessee declares income lower than the presumptive rate, regular books must be maintained and a tax audit becomes mandatory. Professionals such as consultants and agents in Rewari with gross receipts up to fifty lakh rupees can avail the similar scheme under Section 44ADA at a deemed profit of fifty percent. Advance tax for both schemes is payable in a single instalment by 15th March of the financial year.

Question 5

At what turnover threshold does a wholesale trader in Rewari's Grain Market become liable for a statutory tax audit under Section 44AB of the Income-tax Act?

Accepted Answer

A wholesale trader operating in Rewari's Grain Market becomes liable for a statutory tax audit under Section 44AB if the total sales, turnover, or gross receipts from the business exceed one crore rupees in a financial year, provided that cash receipts and cash payments do not exceed five percent of the total receipts and payments respectively. If the cash transactions exceed the five percent threshold, the audit threshold reduces to fifty lakh rupees. For businesses opting for the presumptive scheme under Section 44AD but declaring income lower than the deemed profit, the audit requirement is triggered irrespective of turnover. The audit must be conducted by a Chartered Accountant in practice, and the audit report in Form 3CA/3CB and 3CD must be furnished electronically by the due date of filing the return of income, typically 30th September of the assessment year.

Question 6

What steps should a business in Rewari take upon receiving a GST notice from the State GST Division, Rewari, or the Central GST Commissionerate, Gurugram?

Accepted Answer

Upon receiving a GST notice from either the State GST Division, Rewari, or the Central GST Commissionerate, Gurugram, the business must first verify the authenticity of the notice by checking the Document Identification Number (DIN) on the CBIC portal. The response should be prepared after a thorough review of the specific allegations, such as discrepancies in GSTR-1 versus GSTR-3B, input tax credit mismatches, or e-way bill violations, and supported by relevant invoices, contracts, and reconciliation statements. It is advisable to engage a local Chartered Accountant who is familiar with the adjudicating officers and the procedural practices of both the state and central jurisdictions in the region. Timely submission of the reply through the GST portal before the due date, along with a request for personal hearing if required, helps mitigate penalties and prevents the matter from escalating to adjudication or recovery proceedings.

Question 7

What documentation and financial projections are typically required by banks and NBFCs in Rewari for sanctioning working capital loans to MSMEs in the metal fabrication cluster?

Accepted Answer

Banks and NBFCs in Rewari generally require the last three years of audited financial statements, provisional statements for the current year, GST returns for the past twelve months, and a detailed project report or CMA data (Credit Monitoring Arrangement) for working capital limits exceeding five crore rupees. For metal fabrication units, lenders also assess the stock statement, receivables ageing, and the operating cycle to determine the drawing power. A Chartered Accountant can assist in preparing realistic sales projections, fund flow statements, and debt service coverage ratios that align with the lender's risk appetite. Additionally, units registered under Udyam may benefit from collateral-free loans under the CGTMSE scheme, for which the CA's certification of the Udyam registration and eligibility criteria is often required.

Question 8

What are the TDS compliance obligations for construction contractors and property owners in Rewari making payments to sub-contractors and professionals?

Accepted Answer

Construction contractors and property owners in Rewari who make payments to sub-contractors for civil work must deduct TDS at the rate of one percent under Section 194C if the payment to a single contractor exceeds thirty thousand rupees in a single contract or one lakh rupees in aggregate during the financial year. For payments to professionals such as architects, engineers, or legal consultants, TDS at ten percent under Section 194J applies when the payment exceeds thirty thousand rupees. The deductor must obtain a Tax Deduction Account Number (TAN) and deposit the TDS by the seventh of the following month, except for March where the due date is 30th April. Quarterly TDS returns in Form 26Q must be filed by the prescribed due dates, and TDS certificates in Form 16A must be issued to the deductees within fifteen days of filing the return. Failure to deduct or deposit TDS attracts interest, disallowance of expenses, and penalty provisions.

Question 9

Which labour law registrations and periodic compliances apply to a manufacturing unit in Rewari employing fifty workers, considering Haryana's specific regulations?

Accepted Answer

A manufacturing unit in Rewari employing fifty workers must obtain registration under the Factories Act, 1948, from the Chief Inspector of Factories, Haryana, and comply with the Haryana Shops and Commercial Establishments Act for any office or shop premises. The unit must register under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, and the Employees' State Insurance Act, 1948, with the respective regional offices in Gurugram or Faridabad, and file monthly returns and contributions. Haryana does not levy Professional Tax, so no registration or deduction is required on that account. The unit must also maintain registers under the Minimum Wages Act, Payment of Wages Act, and the Contract Labour (Regulation and Abolition) Act if contract workers are engaged, and file annual returns under each applicable statute. Periodic inspections by the Labour Department, Haryana, necessitate up-to-date records of attendance, wages, leave, and safety measures.

Question 10

How can an engineering goods exporter in Rewari obtain an Import Export Code (IEC) and avail benefits under the Haryana State Industrial and Investment Policy for MSMEs?

Accepted Answer

An engineering goods exporter in Rewari must first obtain an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT) through an online application supported by the entity's PAN, bank certificate, and address proof of the registered office. Upon obtaining the IEC, the exporter should register on the DGFT portal for accessing schemes such as RoDTEP (Remission of Duties and Taxes on Exported Products) and SEIS (Service Exports from India Scheme) if applicable. To avail benefits under the Haryana State Industrial and Investment Policy, such as capital investment subsidy, interest subsidy, or stamp duty exemption, the unit must file an application with the Directorate of Industries and Commerce, Haryana, through the online Enterprise Promotion Portal, supported by the Udyam registration certificate, project report, and a Chartered Accountant's certification of eligible fixed capital investment. The policy provides specific incentives for units located in the industrially backward blocks of Rewari district, and timely submission of quarterly production and employment data is required to continue receiving the benefits.

Chartered Accountant & Tax Consultation Services in Rewari

Chartered Accountancy & Business Compliance in Rewari

Tax, Incorporation, Audit & Accounting Services

Direct & Indirect Tax Compliance

GST Registration & Return Filing

Income Tax Return (ITR) Filing & Tax Advisory

Corporate Governance & Business Setup

Company Incorporation & Startup Structuring

Bookkeeping, Accounting & Payroll Management

Local GST, Income Tax & ROC Jurisdiction in Rewari

Frequently Asked Questions for Rewari Businesses

Chartered Accountant Enquiries in Other Haryana Cities

Major Commercial & Metro Hubs Across India