R J Gala & Associates

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R J Gala & Associates R J Gala & Associates is a trusted Chartered Accountants firm in Mumbai with 15+ years of expertise.

Specializing in GST & Income‑Tax filings, audits, tax planning, bookkeeping, corporate advisory, CFO support, international taxation, and business setup.

🌍 Global Money Is Moving. Is Your Treasury Ready? 💰Rising inflation, changing US yields, a stronger dollar, and shifting...
16/10/2026

🌍 Global Money Is Moving. Is Your Treasury Ready? 💰

Rising inflation, changing US yields, a stronger dollar, and shifting global capital flows can impact your business’s cash flow, foreign exchange exposure, funding costs, and investment decisions.

📊 Smart treasury management is about more than predicting market movements — it’s about protecting liquidity, managing risk, and keeping your balance sheet resilient.

R J Gala & Associates | Chartered Accountants

📢 MCA Update: CCFS-2026 Deadline Extended to 15 September 2026!Good news for companies with pending statutory filings! T...
15/10/2026

📢 MCA Update: CCFS-2026 Deadline Extended to 15 September 2026!

Good news for companies with pending statutory filings! The Ministry of Corporate Affairs has extended the Companies Compliance Facilitation Scheme (CCFS-2026) deadline by 15 days, giving businesses additional time to complete their pending ROC filings.

✅ Review pending MCA forms ✅ Complete outstanding statutory filings ✅ Stay compliant and avoid last-minute stress

📌 Use the extended deadline wisely. Stay compliant with R J Gala & Associates!

💡 Reverse Charge Mechanism (RCM): Who Pays GST — Supplier or Recipient? 📊Under the Reverse Charge Mechanism (RCM), the r...
14/10/2026

💡 Reverse Charge Mechanism (RCM): Who Pays GST — Supplier or Recipient? 📊

Under the Reverse Charge Mechanism (RCM), the responsibility to pay GST shifts from the supplier to the recipient for specified goods and services.

From legal services and transport to certain import and property-related transactions, understanding RCM applicability is essential for businesses.

✅ Pay RCM liability on time. ✅ Claim eligible Input Tax Credit (ITC). ✅ Ensure accurate GST return filing.

📌 Know RCM. Comply Right. Grow Right!

R J Gala & Associates | Chartered Accountants

Understanding the difference between expense and expenditure is essential for accurate accounting and financial reportin...
14/10/2026

Understanding the difference between expense and expenditure is essential for accurate accounting and financial reporting. While expenditure refers to the amount spent to acquire an asset or obtain a benefit, an expense is the portion charged to the Profit and Loss Account during an accounting period.

For example, purchasing machinery is capital expenditure, while depreciation charged on that machinery is an expense. Knowing the difference helps businesses maintain accurate financial statements and make informed financial decisions.

#𝒷𝑜𝑜𝓀𝓀𝑒𝑒𝓅𝒾𝓃𝑔

⏳ MCA’s Proposed Auditor Reforms: A Game-Changer for Audit Independence?Could a shorter cooling-off period reshape India...
14/10/2026

⏳ MCA’s Proposed Auditor Reforms: A Game-Changer for Audit Independence?

Could a shorter cooling-off period reshape India’s auditing landscape? Changes to auditor rotation and restrictions on non-audit services could influence auditor independence, MSME compliance, and corporate governance.

📌 Stay updated on evolving MCA regulations and understand their impact on your business.

R J Gala & Associates | Chartered Accountants

⚖️ GST Registration Cancelled for Non-Filing? Restoration May Be Possible!The Gauhati High Court’s ruling in Shree Ganpa...
13/10/2026

⚖️ GST Registration Cancelled for Non-Filing? Restoration May Be Possible!

The Gauhati High Court’s ruling in Shree Ganpati Rice Mill & Bina Devi Agarwal vs. Union of India highlights the possibility of GST registration restoration, subject to applicable conditions and clearance of pending dues.

📌 Stay compliant, file pending returns, and explore your legal options with professional guidance.

R J Gala & Associates | Chartered Accountants

⚖️ GST Legal Update: Can Stranded ITC Be Refunded in Cash?What happens when a business shuts down, its GST registration ...
13/10/2026

⚖️ GST Legal Update: Can Stranded ITC Be Refunded in Cash?

What happens when a business shuts down, its GST registration is cancelled, and eligible Input Tax Credit (ITC) remains unutilised?

The Vossloh Cogifer case before the Allahabad High Court highlights an important issue concerning stranded ITC, GST refunds, and the legal remedies available to taxpayers.

📌 Key takeaway: Review your unutilised ITC, maintain supporting documents, and seek professional advice before pursuing a refund claim. The outcome depends on the facts and applicable law.

R J Gala & Associates | Chartered Accountants

🚨 Missed Your ITR Filing Deadline? Don’t Panic — Act Now!Missed filing your Income Tax Return for FY 2025–26 (AY 2026–27...
13/10/2026

🚨 Missed Your ITR Filing Deadline? Don’t Panic — Act Now!

Missed filing your Income Tax Return for FY 2025–26 (AY 2026–27)? A belated ITR may still be an option, subject to applicable deadlines and eligibility. Late filing fees and interest may apply, and certain tax benefits could be restricted.

✅ Understand your filing options ✅ Avoid unnecessary penalties ✅ Stay compliant with income tax regulations

📌 Don’t delay your tax compliance. Get professional guidance from R J Gala & Associates.

⚖️ GST Legal Update: Undisputed Pre-GST Credit Cannot Be Re-Examined Under GST!The Tata Unistore Ltd. case before the GS...
10/10/2026

⚖️ GST Legal Update: Undisputed Pre-GST Credit Cannot Be Re-Examined Under GST!

The Tata Unistore Ltd. case before the GSTAT Thane Divisional Bench highlights an important issue concerning pre-GST credit and its treatment under GST law.

📌 Understanding transitional credit, legal precedents, and GST compliance is essential for businesses navigating tax disputes.

Stay informed. Know your rights. Stay compliant.

R J Gala & Associates | Chartered Accountants

📋 MCA Compliance Checklist: Essential Forms Every Company Must Track!From annual returns and financial statements to dir...
10/10/2026

📋 MCA Compliance Checklist: Essential Forms Every Company Must Track!

From annual returns and financial statements to director KYC, share capital, charge filings, and company closure, MCA compliance requires timely filings and accurate documentation.

✅ Maintain a compliance calendar. ✅ Track event-based filing deadlines. ✅ Keep your company records updated.

Stay compliant, avoid last-minute surprises, and build stronger corporate governance with R J Gala & Associates | Chartered Accountants. 📊

Address

301, 3rd Floor, Shreeniwas Building, Bandu Gokhale Path, Mughat Lane, Opp. Mangalwadi, Girgaon
Mumbai
400004

Opening Hours

Monday 10am - 8pm
Tuesday 10am - 8pm
Wednesday 10am - 8pm
Thursday 10am - 8pm
Friday 10am - 8pm
Saturday 10am - 8pm

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