The new GST regime is a mixed bag of challenges and opportunities. When businesses complete transition to GST, what comes along is a full set of compliances and regulatory challenges ranging from GST late fees to intricate law matters and risk mitigation, which makes it imperative to have on-board an accounting firm that can meet the demands of this increasingly complex business environment. This is precisely where ashwani & associates – a full service and specialized taxation & accounting firm with a multi-disciplinary setup comprised of experts who allow clients get a one-stop-shop for solutions for company law matters, due diligence, internal audit, risk & transaction advisory, apart from taxation aspects comes in

Experience Matters
Founded in 1948 by Late. Shri Mohan Lal, a legendary tax practitioner, ashwani & associates brings along a lineage of more than 75 years while offering an entire bouquet of services in terms of both Direct and Indirect Taxes, including compliance regulatory, assessment, appellate, alternate dispute resolution, and tax planning & advisory services.

In addition, the firm over the

years has also developed niche expertise in handling complex issues relating to search & seizure cases, transfer pricing, international taxation handling cases before the Settlement Commission and much more, alongside the flexibility to work with companies of any size. Besides its flexibility and wide horizon of offerings, the strict maintenance of client confidentiality with respect to sensitive and privileged data has played an instrumental role in ashwani & associates curating a bunch of loyal clients across almost all industries (textile, iron & steel, auto, fintech, ed-tech and the like), whether they are MNCs, Indian Business Conglomerates, individuals or Startups. “All data access and sharing is done through adequately encrypted data, conforming to the highest and latest/contemporary standards, in addition to signing NDA with our employees,” asserts Aditya, the third generation partner in the firm.

Besides its flexibility and wide horizon of offerings, the strict maintenance of client confidentiality with respect to sensitive and privileged data has played an instrumental role in ashwani & associates curating a bunch of loyal clients

Having deep industry know-how, ashwani & associates not only adheres to all the regulatory compliances and code of conducts scrupulously (including ICAI regulation) on the organizational front, but also has access to every relevant online database

that are topical to the entire operation of services offered, which equips the entire team with suitable, ready-made and real-time information and keep it adequately intellectually updated . “We have also put in place a comprehensive and robust practice management tool to deal with various facets of our activity areas, which enables us to ensure timely completion of assignments and management of our resources,” affirms Sanjeeva.

The Future
The firm in the last quarter of a century has evolved under the aegis of Sanjeeva Narayan (Managing Partner) and Ashwani Kumar, recording 20 percent annual growth on an average for the last decade. Their combined endeavor has culminated in the firm having a cumulative strength exceeding 75 people (including nine partners), who handle clients and their problems/issues in an effective, almost real time manner. To provide its clients with further ease, ashwani & associates is developing a comprehensive GST compliance tool & guide, which will assist organizations in staying compliant from all the regulatory coordinates by sending periodic updates.

“We believe in this simple analogy – Pay your taxes but there is no need to leave a tip, and serve our clients to ensure they are flying first class and not economy,” asserts Ashwani. Going forward, ashwani & associates intend to press its footprints in the Corporate Finance & Financial Restructuring segment. “We currently operate from Ludhiana, New Delhi, Mumbai and Chandigarh. As per our Vision 2020, we intend to have full-fledged offices in at least 10 locations with immediate attention on Bengaluru, Jaipur, Chennai and Dharmshala,” he concludes.