CA Services for Construction Industry in Kharadi Pune

Construction

KYM & Associates > Industries > Construction

The construction industry plays a very important role in India’s growth. From roads bridges and airports to residential and commercial buildings the sector shapes your economy and daily life. Construction projects include large investments multiple stakeholders and complex contracts. That’s where we come in the picture. We offer expert accounting tax and compile and services tailored for builders contractors and developers helping you focus on construction while we take care of the numbers.

Our Services for Construction Industry

End-to-end GST compliance including reverse charge
We provide GPS registration and monthly return filing besides handling reverse charge mechanism.
TDS and withholding tax management for contractors/subcontractors
We handle TDs deduction and payment filing besides contractor and subcontractor Compilance.
Project-based accounting and budgeting services
We also provide job wise and site wise cost tracking and budget versus actual reporting.
ROC and RERA regulatory filings
Our experts can help you with Roc filings besides tax audit and statutory audit reports.
Labour compliance (PF, ESIC, CLRA)
We ensure that we align with payroll setup and employ compilance along with monthly ECR filings and inspections handling.
Tax advisory for joint development agreements and collaborations
We provide income tax planning for joint ventures and advice on project based partnerships. We structure collaborations to reduce tax impact.
Valuation and financial due diligence for real estate transactions
Our experts can provide property and project valuation for buyers and investors.

How KYM & Associates Can Help

Structuring of contracts to optimize GST and income tax liability

We can help you structure contracts and invoicing to lower tax liability and make full use of available GST input tax credits.

Advisory on capital and operational expenditure classification

Construction includes both capital expenses and operational expenses. We guide you on proper classification for perfect taxation and asset management.

Assistance with GST input credit reconciliation

We ensure that your GST returns are accurate input tax credit properly claimed and all payments are tracked to avoid interest and penalties.

Audit and compliance for project-wise accounting

We truly set up project wise accounting systems track budgets and prepare custom reports so that you know your profitability at every stage.

Support with RERA compliance and labour law adherence

From registration and quarterly filings to labour law filings and contract labour we handle all compilers for your Peace of Mind.

faq's

How does GST apply to under-construction and completed property sales?

Under construction properties attract 5% GST for normal housing and 1% GST for affordable housing.

What are the benefits of opting for the composition scheme in construction?

If your turnover is below the threshold the composition scheme offers lower tax rates and simpler filings. But you don’t claim input tax credit or do Interstate sales under the scheme

What is the TDS rate applicable to construction contracts?

TDs under section 194 C is applicable at 1% for individuals and huf and 2% for others.

How can contractors stay RERA compliant?

Builders and developers need to register their projects and follow quarterly updates while giving proper possession timelines.