Industry

Manufacturing.

Name: Anil Arora & Co.
Address: First Floor, K-359, opp. Water Tank, near Emerald Mall, Ashiyana Colony, Sector K, LDA Colony, Lucknow, Uttar Pradesh, 226012, IN
Telephone: +91 522 407 1089

GST on inputs and outputs, cost audit, factory licensing, capex planning, and MSME compliance for plant-based businesses.

Sector context

The regulatory landscape, the compliance rhythm, and the questions that come up at audit.

Anil Arora & Co. works with manufacturers in the Lucknow region and across north India, where plant-based businesses operate under a denser compliance stack than most other sectors. Day-to-day operations touch GST on inputs and outputs (with the perennial question of input tax credit eligibility on capex and consumables), e-invoicing once turnover crosses the prevailing threshold, e-way bills on inter-state movement, Factories Act licensing, Pollution Control Board consents, MSME registration and the consequential 45-day payment obligation under Section 43B(h) of the Income-tax Act, and — for companies above the prescribed thresholds — cost records and cost audit under Section 148 of the Companies Act 2013 read with the Cost Audit Rules 2014.

The recurring pain points are predictable: input tax credit blocked or reversed because of supplier non-compliance, classification disputes on inputs versus capital goods, working-capital tied up in GST refunds (especially under an inverted duty structure), depreciation and additional depreciation claims on new plant under Section 32, and the structural choice between the 22% concessional regime under Section 115BAA and the 15% manufacturing regime under Section 115BAB for new units.

Specific touch-points for manufacturing.

The bullets below describe recurring service touch-points in this sector. An engagement typically draws from a subset; we scope the right combination once we understand the business.

GST advisory on input tax credit eligibility, classification of inputs and capital goods, and e-invoicing / e-way bill discipline
Cost records maintenance and cost audit under Section 148 of the Companies Act 2013 for companies above the prescribed turnover thresholds
Refund claims under the inverted duty structure and for zero-rated exports to release working capital
Evaluation and election of the Section 115BAA (22%) or 115BAB (15%) concessional tax regimes for new and existing manufacturing units
Capex planning — depreciation and additional depreciation under Section 32, MAT credit utilisation, and capitalisation policies for plant and machinery
MSME registration (Udyam), tracking of the 45-day payment compliance under Section 43B(h), and Form MSME-1 half-yearly filings
Stock and revenue audits for working-capital limits sanctioned by banks, including monthly drawing-power statements
Interface with Factories Act licensing, Pollution Control Board renewals, and labour-law compliance (PF, ESI, PT, contract labour)