Sector overview
Manufacturing companies operate capital-intensive units requiring careful management of raw material inputs, capital asset depreciation, and supply chain logistics. Key tax considerations include managing input tax credit reconciliations under GST, optimizing corporate tax rates under special regimes, and executing annual statutory audits. We help manufacturers establish robust internal financial controls, optimize working capital, structure supply-chain transactions, and maintain compliance under direct and indirect tax laws.
Common challenges
- Reconciling physical inventory with accounting records during audits.
- Managing cash flow blocked by inverted duty structures under GST.
- Adhering to depreciation rules for diverse capital machinery.
- Structuring vendor contracts to manage transfer pricing and input tax credit risks.
How we support this industry
- Statutory Audits and Internal Financial Control (IFC) reviews.
- GST refund processing under inverted duty structures.
- Fixed asset register creation and depreciation auditing.
- Advising on corporate tax incentives under Section 115BAB.
