Certification work

“Certificate” is an official document which attests a fact. Certificate can be needed to attest any basic fact such as Date of Birth, Marriage, Death etc. or it can be required to attest any critical facts like Medical status of a person, Financial figures, Achievement in any course or training etc.

Every section of the society including individuals, partnerships, corporate entities, or business entities has an indispensable need of certification from Chartered Accountants under various statutes, rules, regulations, procedure in India and abroad.

This is considered to be one of the most comprehensive and essential services rendered.

Know More about Certification work

Certification and Attestation can be carried out under various categories and there is no exhaustive list for that. However, following are few common areas where certificate from Chartered Accountant is mandatory :

Certification under the Income Tax Act 1961
Certificate under GST Law
Certificate under Company Law
Certification for LIC, passport, credit card, etc
Documents for banking related requirement
Net worth Certification
Attestation and certification under various other laws

Apart from statutes, certificates from Chartered Accountants can be required by various other persons to authenticate correctness of facts such as Turnover certificate required in government tenders.

Following certificates are popularly issued:

1. Certificates which are issued on the basis of financial statements and books of accounts namely:

- Capital contribution certificate
- Gross turnover certificate
- Sundry debtors certificate
- Closing stock certificate
- Statutory liabilities certificate

2. Certificates which forms the basis of statutory records mandatory to be maintained under several laws such as the Companies Act 2013

3. Certificates under the ambit of merger and demerger

- Fair value certificate for shares
- Buy-back of shares
- Allotment of shares
- Transfer of shares from resident to non-resident and vice versa

4. Form 15 CB is the certification issued under Income Tax Act, 1961 to determine liability of payer to deduct on TDS on payment made to non-residents.

5. Net worth Certificate. The major purpose of issuing this certificate being:

- For Bank Finances
- For Bank Guarantees
- Issuance for Visa
- Student Study Loan
- Some governmental tenders

6. Section 92 of the Income Tax Act 1961, requires a certification to determine arm’s length price of underlying transaction

7. Fund utilization or Grant utilization certificates are also required by the following clients:

- Non Governmental organizations
- Statutory bodies
- Autonomous bodies
- Charitable organizations

8. Deductions claimed under section 80IA, 80IB, 10A or 10B of the Income tax Act 1961 also requires certification to ensure that the concerned person complies with other requirements of statute

- Claim for refund under GST Act or other Indirect tax laws can be done only after it is certified by a chartered accountant.
- Exchange Control Legislation requires a certification for imports, ECB, EOU, DGFT, remittances, etc.
- Companies planning for initial public issue needs several certificates.
- Privilege and limitation certificates described under different laws and regulations.
- Transfer Pricing certificate.
- Certificate for different exemptions under federal tax regulations.

The above list is not all conclusive and exhaustive. VJM & associates LLP has been undertaking certification work with an aim to fulfill the several needs of the client efficiently. We understand thoroughly that the certificate issued by us forms a basis to you for various laws and regulation compliance, enjoying claims, deductions and benefits, and various transactions of day to day business activities.

Thus we see to it that the certificate issued by us is true and fair to the best of our knowledge and forms the best advice and gives a conversant representation in front of various authorities.

What people say about us

By taking care of our Internal control policies and procedures, VJM Team have made sure that experience is hassle free.

sachin JainCFO, mahle filter system (i) pvt limited

Very professional approach from VJM Team, they got associated with us late in the financial year but were able to conduct an in depth audit and highlight the areas to be addressed within a short span of time. What gives us confidence is that they are available for consultation on any financial matter and are quick to find and implement the resolution

Shobit BhatnagarGradeup.co

VJM team is a thoroughly professional chartered accountants equipped with all resources and with deep understanding of GST and other contemporary arenas of corporate consultancy. Have interacted with them for various tax and corporate law related matters and found the interaction quite useful.

Pawan LadhaFreecharge

Client Centric Approach

Client is the key driver of our service offerings. Our approach to service offerings is based on a client centric and customized approach. Our specialized teams are a mix of technical and industry experience in order to serve clientele for their specific needs.

Quick Turnaround

We always endeavour for a quick turnaround time to serve our clientele. We are supported by an experienced and client focussed support teams to offer timely services to our clientele. In case of any business exigencies and time sensitive service requirements, you can always count on us.

Team Work

We have built high performing teams supported by strong work ethic. Our team is a mix of experts, professionals and support staff from technical and varied academic, cultural, social and ethnic backgrounds. We believe that this diversification plays a vital role in motivating the team into High Performing Teams.

Open Communications

We believe that open communication is the core principle in order to demonstrate trust, build long lasting and valuable relationships with clientele. We are committed to ensuring transparency in communication, service offerings and delivery.

Driving quality in delivery

Our service offerings are driven by quality and reviews at every level. We strive to provide a qualitative and value-added delivery to our clientele. At all times, we endeavour to provide exceptional client service by meeting client expectations and driving client satisfaction.

Blogs on Certification Work

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Appeal against order of any authority can be filed by the party aggrieved by the order, i.e., the Assessee or the Department. Filing of appeal involves lots of cost and effort and also takes up the time of the judicial authority. Assessee files appeal after considering various factors such as amount of pre-deposit required, amount involved in dispute, time factor etc. However, for department appeal the CBDT specifies a monetary limit, i.e., upto specified monetary limit, no appeal shall be filed by the department.

GST Check-list you need to tick as stepping in new Financial Year

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This article list down check-list which a taxpayer is required to tick as they enter into new financial year:

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The Writ petition was filed to challenge the proceedings initiated against the taxpayer by the central authorities where the taxpayer is assigned to the State authorities and vice versa. The Petitioner contended that power of cross-empowerment was given under Model GST Law. However, GST Law enacted is different from the Model GST Law.

Supply to goods for Job Work, have you filed your ITC-04

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RoDTEP benefit is extended to EOU, AA Holders and SEZ Units

RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme was introduced from 1st January, 2021 and it was implemented in place of schemes prevailing earlier such as MEIS (Merchandise Export from India Scheme)/ SEIS (Service Export from India Scheme).

Demand order in Form GST DRC-07 is not sustainable when order is issued in Form GST ASMT-12

Since commencement of Assessments under GST, there are many practical issues which are being faced by the Assessee. One of the common issues is issuance of GST ASMT-10 and DRC-01 for the same matter. There are many instances wherein a proper officer issues the GST ASMT-10 and assessee obtains the GST ASMT-12 by filing proper reply. GST authority still issues show cause notice in Form GST DRC-01 and in some cases issues the demand order as well. In this matter, a major relief is granted by Hon’ble High Court of Madra in the matter of Radiant Cash Management Services Ltd., Vs. The Assistant Commissioner (ST) (W.P.No .2981 of 2024 and W.M.P.Nos.3246 & 3247 of 2024).