We solve real world issues precisely
Here are a few case studies about how team APMH has handled complex relevant regulatory and Advisory Challenges.
Service Tax Refund claim beyond the limitation period
A service company had filed applications for Refund of Excess Service Tax paid for FY 2016-17 and Q1 2017-18. The refund applications were filed beyond the time limit prescribed under the law. The original service tax returns filed by the company were not reflecting the correct positions as per Books of Accounts. The issue was how could the company claim the refunds?
A Manufacturing unit in MIDC wanted to calculate the yield gain or loss as well as valuation of inventory on WIP level while doing the procure to pay cycle in tally
A Manufacturing unit for Food Colours in MIDC wanted to calculate the yield gain or loss as well as valuation of inventory on WIP level while doing the procure to pay cycle in tally.
Due to cost model followed under existing GAAP for Fixed Asset, company was not able to reflect strong market valuation of assets in financial statements.
Listed company involved in real estate activities was a land owner since many years of large land in suburban area of Mumbai. This land was shown at historical cost in company’s financials as per current accounting standard of India whereas the fair value of land was much more.