Frequently asked questions

GCC & Associates is a Chartered Accountancy firm offering GST advisory, Income Tax services, statutory and internal audits, accounting and bookkeeping, Virtual CFO services, company incorporation, ROC compliance, FEMA advisory, business consulting, and financial reporting. We work with startups, SMEs, corporates, and NRIs across various industries.

Our office is located in Mumbai, Maharashtra. We also serve clients remotely across India and internationally through secure digital platforms.

Yes. We work with businesses and individuals across India and overseas through virtual meetings, cloud-based accounting, and secure document sharing.

Yes. GCC & Associates is a Chartered Accountancy firm registered with the Institute of Chartered Accountants of India (ICAI), and our services are delivered in accordance with professional and ethical standards.

Our firm is led by experienced Chartered Accountants with expertise in taxation, auditing, compliance, and financial advisory. Visit our About Us page to learn more.

We combine technical expertise with practical business advice, ensuring timely compliance, proactive planning, transparent communication, and personalized solutions that support long-term business growth.

We provide GST registration, return filing, GST reconciliation, annual returns, refunds, audits, advisory, departmental representation, and litigation support.

GST reconciliation is the process of matching your books of accounts with GST returns and GSTR-2B to identify mismatches, maximize Input Tax Credit (ITC), and minimize compliance risks.

Regular GST reconciliation helps prevent incorrect ITC claims, reduces the chances of GST notices, and ensures accurate compliance.

Input Tax Credit allows businesses to claim credit for GST paid on eligible purchases, thereby reducing the GST payable on sales.

Late filing may attract late fees, interest, penalties, and restrictions on claiming Input Tax Credit. Timely filing also helps maintain a good compliance record.

Yes. We assist in drafting replies, preparing supporting documentation, attending hearings, and representing clients before GST authorities.

Yes. We handle the complete GST registration process, including document verification, application filing, and post-registration guidance.

Yes. We help businesses claim GST refunds related to exports, inverted duty structures, excess tax payments, and other eligible cases.

Our services include Income Tax Return filing, tax planning, tax audits, assessment support, notices, appeals, and advisory for individuals, firms, companies, and trusts.

Yes. We represent clients during assessments, appeals, scrutiny proceedings, and departmental inquiries.

Yes. We help individuals and businesses legally optimize their tax liabilities through effective tax planning strategies.

Yes. We advise NRIs on Indian tax compliance, property transactions, TDS matters, investment taxation, and FEMA regulations.

We conduct statutory audits, internal audits, tax audits, stock audits, due diligence reviews, and management audits.

A statutory audit is required under law and verifies the accuracy of financial statements. Internal audits evaluate operational efficiency, internal controls, and risk management.

Tax audit applicability depends on turnover, receipts, and the provisions of the Income Tax Act. We evaluate your business to determine whether a tax audit is mandatory.

Many businesses benefit from quarterly or half-yearly internal audits to strengthen internal controls and improve operational efficiency.

Yes. We assist in incorporating Private Limited Companies, LLPs, OPCs, and Partnership Firms, along with obtaining all necessary registrations.

Typically, incorporation takes 7–15 working days, depending on document readiness and government processing timelines.

Generally, identity proof, address proof, PAN, Aadhaar, passport-size photographs, registered office proof, and other statutory documents are required.

Companies must maintain books of accounts, conduct statutory audits (where applicable), file annual returns, financial statements, Income Tax returns, ROC forms, and comply with other applicable laws.

An LLP offers operational flexibility with limited liability and fewer compliance requirements, whereas a Private Limited Company is better suited for businesses planning external investments or rapid growth.

Yes. We assist businesses in restructuring their legal entities while ensuring compliance with all applicable laws.

ROC compliance includes filing annual returns, financial statements, event-based filings, director compliances, and maintaining statutory records as required under the Companies Act.

Yes. We handle all ROC filings relating to appointment or resignation of directors, change of registered office, increase in capital, and other corporate changes.

A Virtual CFO provides strategic financial guidance, budgeting, MIS reporting, cash flow management, business planning, profitability analysis, and financial decision support without the cost of a full-time CFO.

Yes. We help startups with incorporation, fundraising readiness, accounting systems, compliance, taxation, and financial planning.

Yes. We assist businesses in preparing financial information, compliance records, and documentation required during investment or acquisition due diligence.

Yes. We provide end-to-end bookkeeping, accounting supervision, bank reconciliations, MIS reporting, payroll support, and compliance management.

We work with manufacturers, traders, exporters, importers, e-commerce businesses, healthcare organizations, hospitality businesses, real estate companies, startups, service providers, professionals, and NGOs.

Yes. We advise clients on FEMA regulations, overseas investments, cross-border transactions, foreign remittances, and international tax matters.

Yes. We assist foreign businesses with entity selection, registrations, tax advisory, FEMA compliance, and ongoing regulatory support.

We work with TallyPrime, Zoho Books, BUSY, QuickBooks (where applicable), Microsoft Excel, and various ERP and cloud accounting platforms.

We strictly follow ICAI's Code of Ethics and maintain robust confidentiality measures, secure data handling practices, and restricted access to client information.

Our professional fees depend on the scope of work, complexity, and business requirements. We provide transparent quotations after understanding your specific needs.

Simply contact us through our website, call us, email us, or submit the enquiry form. We'll schedule an initial consultation to understand your requirements and recommend the right solutions.

Yes. We offer customized monthly, quarterly, and annual compliance packages covering accounting, GST, Income Tax, ROC compliance, payroll, and financial advisory, allowing businesses to focus on growth while we manage their regulatory obligations.