hiraassociates

If you think compliance is expensive -
try non-compliance.

See All Services Learn More

About Us

HIRA Associates is an Indirect Tax consultancy firm residing in Navi Mumbai. We have been assisting high-end clients with our expertise for over 25 years. Our enterprise came into existence in the year 2020 by Adv. Prakash Patil. Our focus is on providing high-end consultancy to our clients and delivering quality results time and again. Our professionally managed firm with a team of experts is specialized in Goods and Services Tax (GST) and Foreign Trade Consultancy.

Vision
To be the most trusted and respected GST Consultancy firm by providing practical solutions that contribute to client's success in an improved Cash Flow Situations.

Mission
To provide the highest level of professional services to meet clients GST Compliances through mutual financial success.

Videos

What makes a great compliance Partner?

GOOD JUDGEMENT

Having a logical mind and good judgement is essential. Many compliance consideration do not come down to
black and white answers.

PRAGMATIC

A modern compliance officer is pragmatic, has strength of character
and is able to push back against decision makers for the good of the business.

EXPERT KNOWLEDGE

Requires expert knowledge of the subject as well as the ever-changing applicable laws and regulations

MAINTAINING BALANCE

It's not just a question of following a rule book, compliance officers need to be able to strike a good balance between commerciality and compliance

Our Services

Services we provide

1. Classification of Goods & Services.
2. Obtaining GST Registration.
3. Filing GST monthly/quarterly Return and Payment Support.
4. Design and Implementation of Standard Operating Procedures (SOP) for Indirect Taxes. 5. GST Refunds to improve liquidity.
6. Filing GST Annual returns.
7. GST Litigation Services.
8. Complete Assessments of Sales Tax/Service tax.
9. GST Compliance Review (Health Checkup) which includes review of internal records and provide best possible solutions for smooth GST functioning.
10. Review of contracts from Commercial point of view i.e. tax implications, RBI Implications, DGFT and Customs impact.

Health Check ups

GST outward supplies

Verification of :
1. Classification of goods and services

2. Sales invoices, debit notes, credit notes.
3. Exemptions claimed.
4. GST liability calculation.
5. Export/ deemed export transactions.
6. Place of Supply.
7. Time of Supply.
8. E-Way bills.
9.Monthly returns data with internal documents

GST inward supplies

Verification of :
1. The supplier's invoices on which ITC is claimed.

2. ITC eligibility on Inputs & Capital Goods.
3. Liability discharged on import of goods and services.
4. Payments discharged under Reverse Charge.
5. Payment to vendors within 180 days.
6. Returns filed in form 3B.
7. Review of job work processes.

Financial Records

1. Reconciliation of Trial Balance with GST returns.
2. Verification of Payment vouchers, receipt vouchers.
3. Reversal of proportionate ITC on exempted supplies.
4. Whether all the records as per GST law is maintained like:
- production or manufacture of goods;
- inward and outward supply of goods or services or both;
- stock of goods.
- input tax credit availed;
- output tax payable and paid; and
- such other particulars as may be prescribed.

Others

- Oral opinion/ guidance over phone on GST matters as and when required throughout the year.
- Immediate updates through email on new GST updates from time to time.
- Review of refund application as per GST Rules and Regulations.
- Review of intercompany transactions.

GST Return

We help our clients to file GST returns with following aspects:

1. Review of GSTR returns with ensuring appropriate disclosure.
2. Review of sales and purchase invoices on sample basis.
3. Review of GST output liability.
4. Review of input tax credit and eligibility of credits on sampling basis.
5. Review of credit reversals with regard to ineligible ITC and exempted services.
6. Review of computation of GST under reverse charge mechanism
7. Review interest computation due to delayed GST payment, non-payment to vendors.
8. Review of fulfilment of conditions for exemption / concessional rate of taxes.
9. Assist in making payment after adjusting eligible credits.

GST Refund

We Assists in filing GST refunds arising out of following situations
When can the refund be claimed?
There are many cases where refund can be claimed. Here are some of them:
(i) Refund of unutilized Input Tax Credit (ITC) on account of exports without payment of tax
1. Refund of tax paid on supplies made to SEZ Unit/SEZ Developer with payment of tax
2. Refund of unutilized ITC on account of accumulation due to inverted tax structure
3. Refund to supplier of tax paid on deemed export supplies
4. Refund to recipient of tax paid on deemed export supplies
5. Refund of excess balance in the electronic cash ledger
6. Refund of excess payment of tax
7. Refund of tax paid on intra-state supply which is subsequently held to be inter-state supply and vice versa

(ii) ITC accumulation due to output being tax exempt or nil-rated
(iii) Refund of tax paid on purchases made by Embassies or UN bodies
(iv) Tax Refund for International Tourists
(v) Finalization of provisional assessment

Interesting Facts

Years

0Cr.

GST Refund

GST Audit

Award Winner

Our Values

PROFESSIONALISM

We do not engage with clients to play 'cameo roles' with them, but to lead from the front and benefit the client by getting deeply involved in their business issues. We stand for the true qualities of Professionalism by being knowledgeable, and diligently handling all the responsibilities assigned to the firm.

RESPONSIBILITY

We very well understand the importance of our role that is trustful, not just made to be trusted but also expand by improvising business goals with our clients. We are entrusted by our Clients to keep their interests ahead of ours, and we take this responsibility very seriously

INDEPENDENCE

We are always open up to all new ideas, business strategy, but at the same time we pay the highest standards to ethical behaviour in every part of the business. In addition, the 'fear' of losing business and other deprivation never stops us, we do not shy away from complying with our ethical duties whether it's a hope of reward or fear of losing business.

FEARLESSNESS

We maintain a work field where fear has no place. We always remember, ''When in doubt, do the right thing.''. The greatest advantages of doing the right things is that everyone leads a work life without being plagued by fear or unwanted panic.

We're the best GST consulting company ever!!

Contact Now

What Client Say

I am Pooja from TBES, the digital marketing studio. We help with all mediums of digital marketing to market your business. A few days back I received a certain notice related to GST which is filed 3 years back, it came with a string letter from higher authorities. Prakash was working on it to resolve it and it could be a huge issue for business. However, Prakash being out of station also resolved the same within an hour for me. It was his expert and timely revert and help for the client that makes him the best GST expert. Thank you, Prakash and best of luck.

Pooja Gada

The Butterfly Effect Studio

I have been dealing with Hira Associates, GST experts for last 1 year. The dealings have been very professional and advice is always customized based on their extensive knowledge with regards to GST. I would have no hesitation to recommend Hira Associates for all matters related to GST Audits and Compliance.

Chandraashekhar Aher

WESTUDIO

I had changed my address to next door office and I wanted to change it in GST. Mr. Prakash Patil helped me a lot. After a few days, I got an inquiry for the supply of 50 Pcs of solar PCU to an exporter for export to Africa. I was not knowing any procedures but Mr. Prakash Patil helped me for 2 days continuously with all the procedures as well as for Eway Bill for the same. I strongly recommend GST consultant Mr. Prakash Patil of Hira Associates for his accurate and fast services for GST.

Nitin Jaswani

RACHANA POWER SOLUTIONS