Accounting & Tax in Nagpur
Ind AS books, ITR-6, GST, and transfer pricing — India CFO function as a service. irpr.network manages all Maharashtra state compliance — Maharashtra Shops and Establishments (Regulation of Employment and Conditions of...
At a Glance
Timeline
Books live in 10 working days; tax filings on statutory deadlines
City
Nagpur, Maharashtra
State PT
Maharashtra Professional Tax (same as Pune/Mumbai): Gross salary up to ₹7,500/month = Nil; ₹7,501–₹10,000 = ₹175/month (male employees only); ₹10,001 and above = ₹200/month (₹2,500/year for female employees in February = ₹25 less)
Compliance
Companies Act 2013 · Income Tax Act · Ind AS
Ind AS
Accounting standard
22%
Base corporate tax rate
30 Nov
ITR-6 deadline
Form 3CEB
TP certification required
Deliverables
What irpr.network handles for Accounting & Tax in Nagpur
Monthly bookkeeping under Ind AS (converged IFRS standards)
Chart of accounts aligned to parent company reporting
Accounts payable and receivable management
Bank reconciliation and monthly MIS reports
Statutory audit coordination with Big-4 or Tier 1 CA firm
Annual ITR-6 filing (corporate income tax) by 30 November
Advance tax computation and payment (4 instalments: June, Sept, Dec, March)
Transfer Pricing: Local File, Master File, Form 3CEB
GST returns: GSTR-1, GSTR-3B, GSTR-9 annual return
TDS returns: Form 24Q (salary), Form 26Q (vendor), Form 27Q (foreign payments)
Form 15CA and 15CB for foreign remittances
Cost centre reporting and inter-company reconciliation with parent
Maharashtra Compliance
Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act 2017 applies in Nagpur as in all Maharashtra cities. Registration through the Maharashtra e-Business Portal is required within 60 days. Professional Tax in Maharashtra follows the same slab structure as Pun…
Full Maharashtra guide →Professional Tax — Maharashtra
Maharashtra Professional Tax (same as Pune/Mumbai): Gross salary up to ₹7,500/month = Nil; ₹7,501–₹10,000 = ₹175/month (male employees only); ₹10,001 and above = ₹200/month (₹2,500/year for female employees in February = ₹25 less). PT is deducted monthly and remitted to the Nagpur Zila Parishad / Municipal Corporation of Nagpur by the last day of the following month.
IT Zones in Nagpur
- Mihan SEZ Nagpur
- Software Technology Parks of India
- IT Park Nagpur
- Wardha Road IT Corridor
Process
How Accounting & Tax works in Nagpur
Books setup
Chart of accounts created in Tally, Zoho Books, or QuickBooks (aligned to parent's reporting). Opening balances migrated.
Monthly accounting
Vendor invoices posted, bank reconciled, payroll entries booked, depreciation computed. Monthly MIS report delivered by the 10th.
GST compliance
GSTR-1 and GSTR-3B filed monthly. Input Tax Credit reconciled. LUT renewed annually for zero-rated IT exports.
Tax planning & filing
Advance tax computed and paid in 4 instalments. Annual ITR-6 with tax audit (Form 3CD) filed by 30 November.
Transfer Pricing
Benchmarking study (TNMM or CUP method), Local File, Master File (if applicable), and Form 3CEB certified by a CA by 30 November.
Why irpr.network
Accounting & Tax in Nagpur — why choose irpr.network
Nagpur offers GCCs the unique combination of Maharashtra's strong regulatory infrastructure, Mihan SEZ's aviation and logistics ecosystem, central India geographic advantage, and operating costs 40–45% below Mumbai and Pune — making it ideal for logistics technology, government IT, and cost-optimized IT services GCCs.
Local expertise
Maharashtra Shops Act, PT, and state-specific compliance
Zero penalties
All statutory deadlines met — SLA-backed
Fast setup
Books live in 10 working days; tax filings on statutory deadlines
Full compliance
Companies Act 2013 · Income Tax Act
Nagpur Snapshot
Talent pool
Growing IT hub — 85,000 IT professionals
Salary band
₹4–24 LPA for tech roles
Top sectors
Office locations
FAQ
Accounting & Tax in Nagpur — common questions
How does Accounting & Tax work in Nagpur?
irpr.network handles accounting & tax in Nagpur end-to-end — from Maharashtra state registrations to ongoing monthly compliance. Chart of accounts created in Tally, Zoho Books, or QuickBooks (aligned to parent's reporting). Opening balances migrated. Books live in 10 working days; tax filings on statutory deadlines.
What Maharashtra compliance is required for Accounting & Tax?
In Nagpur, the primary state compliance requirements are: Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act 2017 applies in Nagpur as in all Maharashtra cities. Maharashtra Professional Tax (same as Pune/Mumbai): Gross salary up to ₹7,500/month = Nil; ₹7,501–₹10,000 = ₹175/month (male employees only); ₹10,001 and above = ₹200/month (₹2,500/year for female employees in February = ₹25 less). irpr.network manages all state-level registrations and filings as part of the Accounting & Tax service.
What is the corporate income tax rate for a GCC?
The base rate is 22% (effective 25.17% including surcharge and cess). New manufacturing entities set up after 1 October 2019 qualify for 15% (effective 17.01%). Most GCCs pay at the 25.17% effective rate.
What is the advance tax schedule?
Advance tax is required if annual tax liability exceeds ₹10,000. Instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December, 100% by 15 March. Shortfall attracts interest under Section 234B and 234C.
What is Transfer Pricing for GCCs?
TP rules require inter-company transactions (management fees, cost-plus margins) to be at arm's length. GCCs typically use TNMM cost-plus (8–15% markup). Form 3CEB must be certified by a CA and filed by 30 November.
Does a GCC need a statutory audit?
Yes. Every Indian company must have accounts audited by a CA under Section 139 of the Companies Act. Tax audit under Section 44AB also applies for most GCCs. Audit report (Form 3CA/3CB and 3CD) must be completed before filing ITR-6.
Get started
Accounting & Tax in Nagpur — talk to our team
irpr.network handles Maharashtra compliance end-to-end. Books live in 10 working days; tax filings on statutory deadlines.