Wholesale and trading businesses in Mumbai run on volume, credit and working capital. Margins are small, so unreconciled GST or slow-paying debtors can wipe out a month's profit. LMS FinTax provides monthly accounting, GST compliance and MIS for traders, wholesalers and distributors across Mumbai, Thane and Navi Mumbai.
Our aim is simple: every month you should know your true margin, how much GST credit you have actually earned, who owes you money and for how long, and how much cash is locked in stock.
What's included
- Monthly bookkeeping: sales, purchases, stock movement, bank and receipts recorded and reconciled, with party-wise ledgers kept current.
- GST purchase reconciliation: your purchase register matched invoice by invoice with the GST portal, with a supplier follow-up list for missing or mismatched invoices.
- GST return filing: GSTR-1 and GSTR-3B every month or quarter, plus annual returns where applicable.
- E-way bill process: a practical checklist so dispatch staff generate e-way bills correctly and the data agrees with your returns.
- Debtor and creditor ageing: a monthly report of who owes what and for how long, and what you owe suppliers.
- MSME supplier payment tracking: dues to registered micro and small suppliers tracked against the payment deadline so deductions are not lost.
- Working-capital MIS: stock, receivables and payables in one view, ready for discussions with your bank.
Why trading businesses need monthly reconciliation
If a supplier files late or reports the wrong GSTIN, your GST position can differ from the bills in your file, and if nobody notices until the year end it is harder to fix. We'll confirm the GST treatment that applies to your setup, and a monthly reconciliation turns this into a routine follow-up list rather than a surprise notice.
Credit terms create a second risk. Late payments to registered micro and small suppliers can affect your income-tax deduction, so we will confirm how the rules apply to you. Traders who buy from many small suppliers need a clear list of those dues every month. On the sales side, a weekly or monthly ageing report keeps collections moving and reduces how much you need to borrow.
How we work
| Cadence | What you get |
|---|---|
| Monthly | Closed books, GST reconciliation, GST returns, ageing reports and a working-capital summary, with a short review call. |
| Quarterly | Advance tax estimate, TDS returns, margin review by product line or customer. |
| Yearly | Financial statements, GST annual return support and income tax return, plus documents your bank needs for limit renewal. |
Who it's for
Wholesalers, distributors, stockists and trading firms in Mumbai and the MMR, whether you sell from a shop in a traditional market or supply retailers and businesses across Maharashtra. It suits owners who want monthly visibility instead of a year-end scramble, and firms whose in-house accountant needs a reviewer for GST and reconciliation work.
Related services: GST registration and return filing, Virtual CFO, and income tax filing.