Chartered Accountants for businesses in Satpur
Satpur MIDC is one of the oldest industrial estates in Nashik district. From our Nashik office we work with engineering, electrical, rubber and machine-shop units there, and visit them on site.
Anil Khatri and Associates is a firm of Chartered Accountants based in Nashik. From that office we work with manufacturers and machine shops in Satpur MIDC, one of the oldest industrial estates in the district.
A typical Satpur shed machines parts on a customer's tooling, sends them elsewhere in the district for heat treatment or plating, and waits for payment from the larger plant it supplies. Each step leaves a record: a job-work challan, an entry for free-issue material, a stock line in the statement given to the bank. When these records drift apart, the cost is specific. A lot that has not returned within the time limit is treated as supplied on the day it left, with tax and interest. A margin worked out without separating free-issue material is misstated, and the bank's stock auditor is likely to find the gap.
Our work in Satpur begins with those records. This page sets out how units in the estate are organised and which questions recur, together with the way engagements are run from the Nashik office. Types of work are described, and no clients are named.
At a glance
| Areas we serve | Satpur MIDC, nearby machine shops, western Nashik industrial belt |
|---|---|
| How we work with clients | At our office, at your premises, or remotely |
| Office | Office at Plot 08, Eden Complex, Gangapur Road, Nashik 422222 |
| Office hours | 9:30 AM to 8:00 PM; other times by appointment |
| Estate | Satpur MIDC — among the oldest MIDC estates in Nashik district |
| Main products | Engineering parts, electrical equipment, tyres and rubber, packaging, job-work machining |
| How we work here | Factory visits for stock, job work and costing; regular cycle from the Nashik office |
What Satpur is like to work in
Satpur lies on the western edge of Nashik city. Because it was among the first MIDC estates in the district, its mix of units is older and denser than in later estates such as Sinnar. Large plants and small sheds stand next to each other, and many of the smaller units exist to supply the larger ones.
Engineering and machine shops
Machining, fabrication, tooling and small assemblies account for a large share of Satpur. A typical shed operates a few machines and accepts job work from a larger plant. It then sends part-finished goods for heat treatment or plating elsewhere in the district. Credit is short, and prices are renegotiated every year.
Electrical equipment
This group covers panels, switchgear components, motors and related assemblies. Orders often follow a project timeline, so the monthly schedule is uneven. Retention money and warranty provisions appear in the accounts and must be reviewed at year end.
Rubber, tyres and packaging
Tyre and rubber units operate here, as do packaging makers who supply cartons and wraps to neighbouring plants. Raw material prices change often. Scrap, regrind and process loss form a material share of the cost sheet.
Links into Ambad and Sinnar
Job work seldom stays inside Satpur. Forgings are sent to Ambad for heat treatment, and plated parts return from Sinnar. Finished goods are then dispatched to customers in Pune and elsewhere. The GST and stores records must follow the whole chain across these estates.
The work that comes up in Satpur
The questions below recur in Satpur engagements. Broader manufacturing issues are covered on the manufacturing page and on the pages for auto components and engineering.
Job-work registers and ITC-04
When a principal sends goods out for machining or treatment, every lot must be tracked. Inputs must return within one year and capital goods within three; moulds, dies, jigs, fixtures and tools have no time limit. Goods not returned in time are treated as supplied on the day they left, with tax and interest. ITC-04 reports what was sent out and what came back. In a chain across Satpur, Ambad and Sinnar, the figures diverge unless they are reconciled at regular intervals.
Costing when the customer owns the tooling
Many Satpur shops machine on tools owned by the customer. The cost sheet must then separate job-work income, own material and free-issue material. If that split is missing, the margin is misstated and the stock statement given to the bank does not match the books.
Small units, thin credit
Machine shops often wait for payment from larger customers, while their own suppliers expect prompt settlement. Dues to micro and small enterprises under the MSMED Act form one side of that pressure. Late payment can defer the income-tax deduction for that expense until the year of actual payment (section 37(2)(g) of the Income-tax Act, 2025; section 43B(h) of the 1961 Act).
Group and sister entities
A Satpur manufacturing company may share land, machines or a trading firm with another family entity. Rent, job-work charges and material sales between them require a fair price and a written basis. Above certain limits, transfer pricing documentation also applies.
How we work with Satpur units
Anil Khatri and Associates works from Office at Plot 08, Eden Complex, Gangapur Road, Nashik 422222, open 9:30 AM to 8:00 PM; other times by appointment. Satpur is a short drive from the office. Work for units here is done from that office, and the factory is visited when the records are kept on the shop floor.
Stock and job-work questions are examined on site. Registers, challans and stores ledgers are easier to read where they are kept. A first meeting on GST credit or costing is usually held at the unit, with the person who maintains those records.
We work with your accountant. Most Satpur units employ an in-house accountant or a part-time bookkeeper. We review that monthly work and correct errors at source, then leave a method for the following month.
A named Chartered Accountant. Due dates for returns, bank renewals and notice replies are fixed. You deal with one named person, who has a direct phone number. Replies are sent within 48 working hours.
Language. Written advice is in English. Discussions can be held in English, Marathi, Hindi or another language that someone in the syndicate speaks.
Why Satpur is not the same as a newer estate
The age of Satpur is visible in its paperwork. Plots have changed hands and sheds have been subdivided. A unit may still trade under an old name while its bank account and GST registration carry another. Some job-work arrangements are many years old and are recorded only in delivery challans and message threads between the two owners.
A mismatch of names, or an arrangement with no written basis, usually comes to light during a GST scrutiny or a bank stock audit, or in a disagreement between two family entities. It must then be explained against a deadline, sometimes with interest already accruing. Where the records are reconciled earlier, the same history can be documented calmly and kept as evidence of a long-standing practice.
The wider district picture is given on the Nashik page. Ambad and Sinnar, which belong to the same job-work chain, have their own pages at /ambad/ and /sinnar/.
Common questions
Do you have an office in Satpur?
No. The firm has one office, in Nashik, at Office at Plot 08, Eden Complex, Gangapur Road, Nashik 422222. Satpur units are served from that office. We visit the factory for stock, job work, costing and year-end work when the engagement requires it.
Can you help reconcile job work across Satpur and Ambad?
Yes. That request is common. We match challans, ITC-04 and the principal's stores records against the job worker's files, and then set a monthly check so that the figures stay in agreement.
We are a small machine shop. Is the work only for large plants?
No. Much of the work in Satpur is with smaller units that depend on job work. The scope is set to the size of the business. Returns, basic costing, MSME payment tracking and bank stock statements are typical starting points.
Services
- TaxationA factory's tax position is set during the year: when a press is first used, whether small vendors are paid on time, how TDS is deducted on job work. Missed points return as disallowances and interest. Our work covers returns, planning, TDS, cross-border tax, assessments and appeals.
- GSTIn a Satpur or Ambad factory, GSTR-2B, the e-invoices and the job-work challans rarely agree on their own, and each gap can become reversed credit with interest or a notice years later. Our work covers GST from registration to the Appellate Tribunal, along with customs and foreign trade.
- Accounting and ComplianceBooks written up months late leave errors that surface at the bank's annual review or in an assessment. We keep accounts and prepare financial statements, run payroll, handle company and LLP law filings, FEMA reporting and registrations, and set up the records behind them.
- Manufacturing financeWhen a cost sheet has not been checked since the BOM was revised, a price-down is accepted on a figure nobody can defend, and stock statements drift from the audited stock until the bank asks why. We provide factory accounting, costing, inventory and working capital work, decision analysis such as make-or-buy, and MIS and profitability reporting.
Industries
- ManufacturingThe tax and finance issues that arise in auto component, engineering, pharmaceutical, food processing, electrical and chemical plants, and the work we carry out on them from Nashik.
- EngineeringFabrication, machining, special-purpose machines, pumps, valves, heat treatment and plating. From our Nashik office we work on GST for job work, advances and retention, and on costing and bank finance for these units.
- Auto componentsMachining, forging, sheet metal, castings and assemblies for vehicle makers and tier-one suppliers. From our Nashik office we work on price revisions, customer tooling, job work, scrap and bank finance for these units.
- Family businessesTax, structure and finance for family-owned businesses and groups, including transactions between family entities and payments to family members. Succession and the entry of the next generation are dealt with from our Nashik office as well.