Do you work with startups and foreign companies?

Yes. We assist startups from incorporation through ongoing compliance, and support foreign companies operating in India, with an associated network of company secretaries, management consultants, and IT professionals.

What is Rule 86B — the 1% cash payment of output tax?

Under Rule 86B of the CGST Rules, 2017, if monthly taxable turnover exceeds ₹50 lakh, at least 1% of output tax liability must be paid in cash rather than entirely through ITC, subject to specified exceptions.

Do I need GST registration for my business?

GST registration is generally mandatory once aggregate turnover crosses ₹40 lakh for goods or ₹20 lakh for services (lower limits in special category states), and is compulsory regardless of turnover in cases such as inter-state supply, e-commerce sales, or reverse charge liability.

I have received a GST or income tax notice. What should I do?

Do not ignore it — every notice has a reply deadline. Share the notice with your CA immediately; identifying the trigger, preparing reconciliations and supporting documents, and filing a complete reply early closes most notices at the reply stage.

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Q: When is an income tax audit applicable?

Under Section 44AB, a tax audit generally applies when business turnover exceeds ₹1 crore (₹10 crore where at least 95% of receipts and payments are digital) or professional receipts exceed ₹50 lakh, with different rules under presumptive taxation.

Q: What annual compliances does a private limited company have?

At minimum: statutory audit, AOC-4 and MGT-7/7A filings with the ROC, income tax return, DIR-3 KYC for directors, board and general meetings with minutes, statutory registers, plus GST, TDS, and payroll compliances where applicable.

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Audit, assurance & compliance, handled with rigour and care

Our Services

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GST, taxation & advisory, tailored to your business

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About us

Welcome to R Khurana & Associates

We are a Delhi-based firm of Chartered Accountants serving domestic and foreign companies, with an associated network of CAs, management consultants, company secretaries, and IT professionals.

Audit & Investigation
Due Diligence
Direct & Indirect Taxation
Company Law Matters
Accounting Outsourcing
Management Consultancy
Fixed Assets Verification
Information System Audit

Most Indian firms are experts in a single domain. We were founded to fill that gap — one team, a holistic approach, and integrated solutions for the client’s whole business.

2019

Established

Years of practice

100+

Clients served

Practice areas

GST Health Check

Quarterly review · 15 checkpoints

15/15

GSTR-1 / 3B / 9 reconciled with books
ITC matched to GSTR-2B
Returns filed before due date
No creditors beyond 180 days
Rule 86B cash payment verified
RCM liability on expenses reviewed
E-invoice & e-way bill reconciled
Blocked ITC u/s 17(5) excluded

Audit-ready

Why Choose Us

Our Commitment

Proactive understanding

Concrete resolutions that respect each client's ethos, background & constraints.

Customised service

Client service built around timely, quality deliverables.

Domain expertise

Distinctive service parameters backed by deep experience.

Growth approach

Advice oriented to where your business is headed.

Discuss your requirements

services

Our Services

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Audit Assurance

Statutory Audit under Companies Act 2013.
Tax Audit under Income Tax Act.
Internal Audit
Due Diligence Audit
Stock Audit
Branch Audit
Bank Audit
Insurance Companies Audit
Management Audit

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Goods & Services Tax

Filing of GST returns.
GST Reconciliations
GST Compliances
GST Assessments/appeals.
GST Audit/GSTR 9C
GST Annual Return
GST Consultation

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Taxation

Filing of Income Tax Returns.
TDS returns and other compliances.
Income Tax Compliances such as
assessment, appeals.
Income Tax consultation.

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Internal Financial Controls

Internal Financial Controls audit.
Information technology general controls audit.
Controls assessments.

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Outsourcing Services

Financial controlling consultation.
Book Keeping.
Company law compliances.
Drafting of MOA and AoA.
Filing of annual forms/XBRL to ROC.

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Advisory

Budget and forecast..
Feasibility report/Project management.
Liasoning with government offices.
Certification
Loan/Financing from financial institutions.
Share valuations.
Consultation in process development.

Our Team

Our Consulting Team

Rahul Khurana

FCA · Author, The GST Health Checklist

Richa Vora

FCA

Danish Mehra

ACS

Testimonials

What Our Clients Say

R Khurana & Associates have handled our statutory audit and GST compliance for years. Filings are always on time, and the team explains every requirement in plain language.

Ajay Singh

Director, Manufacturing SME

As a first-time founder I needed more than a tax filer. They set up our books, guided us through GST registration, and are always one WhatsApp message away.

Samriti Gupta

Founder, D2C Startup

Their integrated approach — audit, taxation, and company law under one roof — has simplified our compliance calendar enormously. Dependable and thorough.

Vishal Mahajan

CFO, Logistics Company

For a software company, compliance is a distraction we can’t afford. R Khurana & Associates manage our accounts, taxation, and company law matters end to end, so we stay focused on building product.

Satish Pandey

Director, Bonami Software Private Limited

Our trading business runs on tight margins, and their GST reconciliations and timely return filings have saved us from notices more than once. Practical advice, no jargon.

Jatin Nagpal

Partner, M/s Diagnostic Traders

From statutory audit to TDS and inventory-heavy books, they understand the realities of an automobile dealership. Responsive, meticulous, and always a step ahead on deadlines.

Sukhmeet Sethi

Director, Affluent Motors Private Limited

Our Clientage Experience

Free Resource · GST Compliance Series

The GST Health Checklist

Most GST notices trace back to one of fifteen gaps. This booklet is the working checklist we use to review a business’s GST position before the department does — 15 checkpoints, 4 return types, one quarterly habit.

Download the checklist (PDF) Get it on WhatsApp

Want us to run this 15-point review for your business? Book a GST Health Check.

FAQ

Frequently Asked Questions

We provide audit & assurance, direct and indirect taxation, GST compliance, company law matters, accounting outsourcing, fixed assets verification, information system audit, and business advisory — for both domestic and foreign companies.

Yes. We assist startups from incorporation through ongoing compliance, and support foreign companies operating in India. Our associated network of company secretaries, management consultants, and IT professionals lets us handle multi-disciplinary requirements under one engagement.

Every company registered under the Companies Act, 2013 requires an annual statutory audit, irrespective of turnover. For LLPs, firms, and individuals, audit applicability depends on turnover and other thresholds — share your details and we will assess your specific case.

Yes — from GST registration and monthly/annual return filing to reconciliations, compliances, assessments, and appeals. We keep your filing calendar on track so you avoid interest and penalties.

Yes. We provide bookkeeping, financial controlling consultation, company law compliances, and drafting of MOA/AoA as an outsourced service — working with your existing tools so your in-house team stays lean.

Under Rule 86B of the CGST Rules, 2017, if your monthly taxable turnover exceeds ₹50 lakh, at least 1% of your output tax liability must be paid in cash rather than entirely through ITC, subject to specified exceptions. Our free GST Health Checklist covers this and 14 other checks in detail.

Under Rule 37(1) of the CGST Rules, 2017, ITC must be reversed with interest on any invoice or debit note that remains unpaid to the supplier beyond 180 days from the invoice date. Reviewing creditor ageing monthly is the simplest way to avoid last-minute reversals — see checkpoint 6 of our GST Health Checklist.

GST registration is generally mandatory once aggregate turnover crosses ₹40 lakh for goods or ₹20 lakh for services (lower limits apply in special category states). It is also compulsory in certain cases regardless of turnover — such as inter-state supply, e-commerce sales, or reverse charge liability. Voluntary registration can also make sense to pass on ITC to customers. Share your business model and we will confirm what applies to you.

Under Section 44AB of the Income Tax Act, a tax audit generally applies when business turnover exceeds ₹1 crore (extended to ₹10 crore where at least 95% of receipts and payments are digital), or professional receipts exceed ₹50 lakh. Different rules apply under presumptive taxation. Thresholds are amended from time to time — we assess applicability as part of every engagement.

At minimum: statutory audit of accounts, filing of financial statements (AOC-4) and annual return (MGT-7/7A) with the ROC, income tax return, DIR-3 KYC for directors, board and general meetings with minutes, and statutory registers — plus GST, TDS, and payroll compliances where applicable. We run this entire calendar for our company clients so nothing is missed.

Don’t panic, and don’t ignore it — every notice has a reply deadline, and silence makes it worse. Send us the notice as soon as you receive it. We identify what triggered it (often a return mismatch), prepare the reconciliation and supporting documents, and draft a proper reply. Most notices close at the reply stage when handled early and completely.

Businesses must deduct TDS at prescribed rates on payments such as salaries, rent, professional fees, contractor payments, and interest; deposit it generally by the 7th of the following month; file quarterly TDS returns; and issue TDS certificates. Late deduction or deposit attracts interest and can disallow the expense. We manage the full TDS cycle for clients, including reconciliation with Form 26AS.

Often, yes. Small businesses can declare income at prescribed rates under Section 44AD (turnover up to ₹2 crore, extended to ₹3 crore with mostly digital receipts), and professionals under Section 44ADA (receipts up to ₹50 lakh, extended to ₹75 lakh with mostly digital receipts) — greatly simplifying books and audit requirements. Whether it actually saves you tax depends on your real margins; we evaluate both routes before recommending one.

Reach us on WhatsApp, call +91 98915 26796, or email ca@rkhurana.co. We start with a short discussion of your requirements, agree the scope, and take it from there — most engagements are onboarded within a few days.

Contact Us

Get In Touch

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Office Address

30, 1st Floor, AA Block,
Adjacent to UCO Bank,
Shalimar Bagh, Delhi 110088

Get directions

Phone

+91 98915 26796

Email

ca@rkhurana.co