What do accounting services in Junagadh cover?
- Governing lawCompanies Act 2013, s.128
- State layerGujarat
- Retention8 financial years
- Professional feeFrom ₹4,999/month
Accounting services in Junagadh cover everything between a transaction happening and a regulator being able to read it. A finance professional records and classifies each entry, reconciles the bank and payment-gateway accounts, computes the GST liability and the input tax credit available against it, calculates TDS on the payments that attract it, and closes the month into a Profit & Loss account, a Balance Sheet and a cash flow summary. This page covers what the service includes in Junagadh, what it costs, the Gujarat items tracked alongside central filings, the documents to hand over and how onboarding runs.
The obligation to keep books does not begin with a company. A sole proprietor in Junagadh must maintain books under Section 44AA of the Income Tax Act once turnover exceeds ₹25 lakh or income exceeds ₹2,50,000, and a registered person must keep records of production, stock and supply under Section 35 of the CGST Act, 2017. What changes with a company is the standard applied: accrual basis, double entry, records held at the registered office, and, since 1 April 2023, accounting software carrying an audit trail that records every edit and cannot be switched off.
In short, the deliverable is not a file of entries, it is a defensible position. A ledger that agrees to the bank, a GST return that agrees to the ledger, and a Balance Sheet the auditor your company appoints can sign off without rebuilding it. See the national accounting services page for the full service description, or read accounting basics for founders for what to maintain from day one.
Closed by the 10th A monthly close, not an annual reconstruction
Books closed every month give you a number you can act on and an audit that finishes on time. Books reconstructed in March give you neither, and every GST mismatch found then is already outside the window in which it could have been corrected.
- Bank and gateway accounts reconciled inside the same month
- Input tax credit matched to GSTR-2B while it is still claimable
- Year-end accounts that start from a closed December, not a shoebox
Your accountant cannot also be your auditor
Section 144 of the Companies Act, 2013 bars a company's statutory auditor from providing accounting or book-keeping services to that same company, along with internal audit, actuarial services, investment advisory, investment banking, outsourced financial services, management services and financial information systems design. Using one firm for both is a breach and attracts penalties under Section 147. IncorpX acts as your accounting service provider in Junagadh and never as your statutory auditor, so the auditor your company appoints under Section 139 stays independent and the audit stays valid.
The monthly reporting pack
Eight reports released together by the 10th. Nothing here is prepared on request; it arrives whether or not anyone asks for it.
Profit & Loss account
Revenue, direct cost, overhead and margin for the month with the prior month and year-to-date beside it, so a movement is visible rather than inferred.
Balance Sheet
Assets, liabilities and equity as at month end, with schedules for fixed assets, loans, statutory dues and shareholder funds.
Cash flow summary
Where cash came from and went across operations, investing and financing, which is the number that differs most from reported profit.
Bank reconciliation
Every business bank and payment-gateway account agreed to the statement, with unreconciled items listed and aged rather than absorbed.
GST liability statement
Output tax, input tax credit matched against GSTR-2B, reverse charge and the net payable, split between CGST, SGST and IGST.
TDS computation
Deduction by section on salary, rent, professional fees and contractor payments, with the challan position and the quarterly return status.
Receivable and payable ageing
Invoices bucketed by days outstanding, which is where working-capital leakage becomes visible while it is still collectable.
Quarterly MIS pack
Budget against actual, unit economics and a tax-planning summary, on the Business and Enterprise plans.
What is tracked specifically for Gujarat
Central law is identical everywhere. What changes by state is the layer of local levies and licences sitting alongside it, and every one of them appears as an entry in your books.
| Item | Level | How it appears in the books | Tracked monthly? |
|---|---|---|---|
| Professional Tax (PTEC and PTRC) | Gujarat state levy, where applicable | PTEC paid by the entity; PTRC deducted from salaries. Capped at ₹2,500 per person per year | Yes, with the next due date |
| Gujarat Shops and Establishments Act | State licence | Registration and renewal fee recorded as an expense | Renewal date flagged |
| Labour Welfare Fund | State contribution, where applicable | Employer and employee share posted separately | Yes, where the state levies it |
| State GST (SGST) | Intra-state supply within Gujarat | CGST plus SGST split on every intra-state invoice | Yes, matched to GSTR-2B |
| Integrated GST (IGST) | Inter-state supply out of Gujarat | Single IGST line, with place of supply recorded | Yes, matched to GSTR-2B |
| TDS under the Income Tax Act | Central | Deduction by section, payable and deposited amounts | Yes, monthly summary |
| Provident fund and ESI | Central, on payroll | Employer and employee share, with the monthly challan | Yes, where you have staff on roll |
| ROC annual filings | Central, via RoC Gujarat | AOC-4 and MGT-7 fees, prepared from the year-end accounts | Annual, fed by the monthly close |
Professional Tax is not levied in every state. Where Gujarat does levy it, the entity holds a PTEC and deducts PTRC from salaries, and Article 276 of the Constitution caps the charge at ₹2,500 per person per year. Where the state does not levy it, no registration or return arises and we say so at onboarding rather than raising a registration you do not need. Confirm the position on the professional tax registration page.
A company with its registered office in Junagadh files its annual returns with the Registrar of Companies having jurisdiction over Gujarat. Twelve closed months are exactly what those filings need, which is why an unbroken monthly close costs less than the alternative even before the tax consequences are counted. Also relevant locally: Shops and Establishment registration and GST registration if you are not yet registered in Gujarat.
How does onboarding work in Junagadh?
Six steps, 3 to 5 working days from complete documents to a live set of books. The step-by-step timeline below shows what happens on each day.
Share your business profile
Tell us the entity type, turnover band, monthly transaction volume, the software you use today and the state your books are in. A dedicated finance professional is assigned within 24 hours and the plan band is agreed before any work starts.
Upload the opening documents
PAN, the GST certificate, bank statements, prior-year financials and current-period invoices go to the secure portal. The team reviews them and comes back within one working day with a written list of anything missing.
Set up or migrate the books
Your professional configures Zoho Books or Tally with an industry-appropriate chart of accounts, GST and place-of-supply settings for Gujarat, the MCA audit trail switched on, and automatic bank feeds connected.
Enter and verify opening balances
Opening balances are posted from the prior-year records, each bank account is agreed to the statement, and every difference is traced and cleared. Nothing is carried forward as an unexplained suspense balance, because that is what turns into an audit query nine months later.
Run the first monthly cycle
Transactions are recorded and classified, banks and gateways reconciled, GST liability and input tax credit computed against GSTR-2B, and TDS calculated by section. The statement pack is delivered by the 10th of the following month.
Review, plan and finalise
A monthly review call covers position, tax planning and upcoming deadlines. At year end the accounts are closed and prepared for the auditor your company independently appoints, and for AOC-4 and MGT-7 filing with RoC Gujarat.
Step-by-step onboarding timeline
| Stage | Working day | What is completed | What you do |
|---|---|---|---|
| Step 1: Scoping | Day 0 to 1 | Plan band agreed, professional assigned, engagement scope issued in writing | Answer a short profile questionnaire |
| Step 2: Document review | Day 1 | Uploads checked, gap list issued, access requests raised | Upload documents to the portal |
| Step 3: Software setup | Day 2 to 3 | Chart of accounts, GST settings for Gujarat, audit trail and bank feeds configured | Approve the chart of accounts |
| Step 4: Opening balances | Day 3 to 4 | Balances posted, banks reconciled, differences cleared | Confirm any unexplained legacy items |
| Step 5: Go live | Day 4 to 5 | Books live for the current month, reporting date confirmed | Nothing; send invoices as usual |
| Step 6: First close | By the 10th | Full statement pack delivered and walked through on a call | Join the monthly review call |
Move your books to a team that closes on time
Accounting in Junagadh from a ₹4,999 monthly professional fee, with onboarding in 3 to 5 working days and reports by the 10th. Government fees are billed separately at actuals.
Documents you hand over at the start
Scanned PDFs uploaded to the secure portal are enough. Nothing needs to be notarised or couriered to an office in Junagadh.
| Category | Document | Why it is needed |
|---|---|---|
| Entity | PAN of the company, LLP or proprietor | Identifies the assessee on every tax computation and return |
| Certificate of Incorporation or registration proof | Establishes entity type, which sets the applicable Act and return form | |
| GST registration certificate | Confirms GSTIN, the place of business in Gujarat and return periodicity | |
| Banking | Bank statements for the current financial year | The reconciliation baseline for every account and payment gateway |
| View-only net banking or statement auto-forward | Keeps reconciliation current without chasing a download each month | |
| Prior period | Last year Balance Sheet and Profit & Loss account | Source of the opening balances carried into the new books |
| Trial balance and prior income tax return | Ties the opening balances to what was actually filed | |
| Current period | Sales and purchase invoices | Revenue, input tax credit and the audit trail behind both |
| Expense receipts, debit and credit notes | Deductibility, GST treatment and the correct period of recognition | |
| KYC | Aadhaar of directors, partners or proprietor | Identity verification for the engagement and portal access |
Bring the trial balance, not the shoebox
The single document that shortens onboarding most is your prior-year trial balance. It carries every closing balance in one place, so opening entries are posted and agreed in hours instead of days. Where a prior accountant is slow to release it, we work from the filed financial statements and the income tax return and reconcile the difference later, but the first month closes faster when the trial balance arrives with everything else.
The statutory calendar your books feed
Accounting is not an end in itself. Every figure below is drawn from the ledger, so a late close is what makes a late filing.
| Filing | Frequency | Due date | Consequence of delay |
|---|---|---|---|
| GSTR-1 (outward supplies) | Monthly or quarterly | 11th of the following month | Late fee, and your buyer cannot claim the credit |
| GSTR-3B (summary and payment) | Monthly or quarterly | 20th of the following month | Late fee plus interest at 18% per annum on tax |
| TDS payment | Monthly | 7th of the following month | Interest at 1.5% per month until deposited |
| TDS return (24Q, 26Q, 27Q) | Quarterly | 31st of the month after the quarter | ₹200 per day under Section 234E until filed |
| Professional Tax return (Gujarat) | Monthly or annual, where levied | Set by Gujarat rules | State-specific interest and penalty |
| Advance tax instalment | Quarterly | 15 Jun, 15 Sep, 15 Dec, 15 Mar | Interest under Sections 234B and 234C |
| GSTR-9 annual return | Annual | 31 December after the financial year | Late fee, and the year stays open to scrutiny |
| AOC-4 and MGT-7 (RoC Gujarat) | Annual | 30 and 60 days after the AGM | ₹100 per day, uncapped |
| Income tax return | Annual | 31 October where audited | Fee under Section 234F plus interest |
Two of these deserve emphasis. The ₹100 per day additional fee on AOC-4 and MGT-7 runs without a ceiling, so a filing forgotten for a year costs more than the accounting that would have prevented it. And input tax credit is not available indefinitely: credit for an invoice must be claimed within the deadline in Section 16(4) of the CGST Act, which is why matching against GSTR-2B inside the same month is a cash decision rather than housekeeping. Track every date on the ROC compliance calendar.
Practitioner insight (IncorpX accounting team)
Across 1,200+ sets of books, the largest recoverable loss we find on takeover is unclaimed input tax credit: invoices sitting in GSTR-2B that were never matched into the return before the Section 16(4) deadline passed. The second is TDS deducted but deposited late, where the interest is small but the disallowance under Section 40(a)(ia) is not. Both follow from a month that was never closed, and both disappear once the close is a fixed date rather than a year-end event.
Accounting terms used on this page
- Trial balance
- A period-end list of every ledger balance where total debits equal total credits. It is the bridge between the ledgers and the financial statements, and the first document any incoming accountant asks for.
- Accrual basis
- Recognising income when it is earned and expenditure when it is incurred, regardless of when cash moves. Mandatory for companies under Section 128, and the reason one month can be compared with the next.
- PTEC and PTRC
- The two Professional Tax registrations in a state that levies it. PTEC covers the entity's own liability; PTRC covers deduction from employee salaries. Article 276 caps the charge at ₹2,500 per person per year.
- GSTR-2B
- A static, month-wise statement of the input tax credit available to you based on what your suppliers filed. Matching purchases to it is how credit is claimed correctly and within the Section 16(4) deadline.
- Audit trail (edit log)
- The software feature, mandatory for companies from 1 April 2023, that records each change to a transaction and cannot be switched off. The statutory auditor reports on whether it operated for the whole year.
Outsourced vs in-house vs software only
Three ways to keep books in Junagadh. The right answer changes with headcount, transaction volume and how much regulatory judgement the business needs.
| Parameter | Outsourced (IncorpX) | In-house accountant | Software only |
|---|---|---|---|
| Monthly cost in Junagadh | ₹4,999 to ₹11,999 | ₹25,000 to ₹50,000 | ₹800 to ₹1,700 |
| Prepares financial statements | Yes | Yes | No |
| Files GST and TDS returns | Assisted | Depends on skill | No |
| Gujarat state items tracked | Yes | Depends on experience | No |
| Cover during leave or exit | Team continuity | Work stops | Not applicable |
| Scales with volume | Move a plan band | Hire again | Same tool, more work |
| Audit-ready year end | Yes | Usually, with effort | No |
| Best for | Most SMEs, startups and LLPs | High-volume in-office finance teams | Pre-revenue or a second set of eyes |
Software on its own is where most penalty exposure begins. It will happily record an entry in the wrong head, apply the wrong GST rate and produce a tidy report from both. It does not know that a payment to a contractor crossed the TDS threshold this month, or that an expense paid in cash above the Section 40A(3) limit will be disallowed. That judgement is the service; the software is only where it is applied. Compare the specific engagements: monthly bookkeeping for recording alone, virtual CFO where you need the analysis on top, and HR and payroll once you have a team on roll.
Accounting guides and calculators
The references behind the figures on this page: what the books must contain, how TDS and GST computations are built, the state registrations that sit alongside them, and the annual filings your closed accounts feed.
FAQs about accounting services in Junagadh
33 questions taken from real search queries, statutory provisions and the questions our experts answer during onboarding.
Get your books in Junagadh current, and keep them that way
Talk to an IncorpX finance expert for free. Monthly accounting, GST and TDS from a ₹4,999 professional fee, with onboarding in 3 to 5 working days.
Nebin Binoy 
