Vaishnodevi Circle has emerged as one of north Ahmedabad's fastest-growing commercial addresses. Positioned along the S.G. Highway and close to the Gandhinagar corridor, the locality now accommodates mid-sized IT and software companies, back-office and BPO operations, financial services firms, and a widening base of professional practices. Office space here is routinely tenanted by technology and corporate occupiers rather than traditional retail.
H S Lalwani & Co., Chartered Accountants, operates from Ganesh Glory 11 on Jagatpur Road, within convenient reach of the Vaishnodevi commercial belt. Founded by CA Hitesh Lalwani, the firm advises technology and service-sector businesses on the compliance and advisory issues that characterise their operations.
An IT or service company's statutory exposure looks very different from that of a goods business:
Where a company invoices overseas clients, the supply is zero-rated. This requires a Letter of Undertaking (LUT) filed in advance, correct classification of the place of supply, and careful documentation of foreign inward remittance.
Exporters accumulate input tax credit that cannot be set off against output tax. Recovering this requires timely refund applications, correctly matched with service documentation and FIRC records.
Headcount-intensive operations carry TDS on salaries under Section 192, provident fund and ESI obligations, and periodic returns — an area where errors compound quietly across quarters.
Payments to consultants, contractors and vendors attract TDS under Sections 194J, 194C and others. Deduction at the wrong rate or under the wrong section is a frequent source of demand notices.
Independent professionals and consultants operating in the area may qualify under Section 44ADA, subject to the prescribed receipts limit.
Growing technology firms encounter questions of share issuance, valuation, ESOP structuring and Startup India recognition.
LUT filing, zero-rated supply advisory, place-of-supply determination, refund of accumulated input tax credit, GSTR-1 and GSTR-3B filing, annual returns, and notice representation.
Corporate and individual return filing, advance tax, Section 44ADA advisory for professionals, capital gains, and representation in assessment proceedings.
Salary TDS under Section 192, Form 16 issuance, quarterly TDS returns, and vendor TDS under Sections 194J and 194C.
Audit under the Companies Act 2013, tax audit under Section 44AB, and internal audit of process controls, conducted in accordance with ICAI Standards on Auditing.
Private limited and LLP incorporation, ROC annual filings, director changes, share transfers, and secretarial compliance.
Management reporting, budgeting, cash-flow planning, and finance function support for companies not yet ready for a full-time CFO.
Address: E-921, 9th Floor, Ganesh Glory 11, Near BSNL Office, Jagatpur Road, S.G. Highway, Ahmedabad, Gujarat 382470
Phone: +91 84880 05030 | Email: cahiteshoffice@gmail.com
Office hours: Monday to Saturday, 10:00 AM to 7:00 PM
Convenient for businesses at Vaishnodevi Circle, Charodi, Zundal, Gota, Jagatpur and along the S.G. Highway corridor.
For IT companies, back-office operations, financial firms and professionals around Vaishnodevi Circle, compliance is a continuing function rather than an annual event. To discuss an engagement, contact H S Lalwani & Co. at +91 84880 05030.