+91 8866668387 JMGSANDCO@GMAIL.COM

Welcome to JMGS & CO, Chartered Accountants

JMGS & Co. is a Rajkot-based Chartered Accountancy firm providing comprehensive accounting, auditing, taxation, and advisory services to businesses across India and overseas.

The firm offers a wide range of services including Audit & Assurance, Direct and Indirect Taxation, Company Law Compliances, Accounting & Bookkeeping, Due Diligence, Startup Advisory, and NGO/Trust services.

In addition to domestic services, JMGS & Co. also delivers Foreign Accounting and Offshore Support Services to overseas CPA firms and businesses, covering US, UK, Canada, and Australia accounting, bookkeeping as per GAAP/IFRS, payroll processing, MIS reporting, and QuickBooks (Online & Desktop) support.

With a PAN-India presence through a strong associate network, the firm efficiently handles multi-location assignments while maintaining high standards of professionalism, accuracy, and confidentiality.

JMGS & Co. is committed to delivering timely, compliant, and value-driven solutions that support sustainable business growth.

Our Services

Audit and Assurance Services

We perform various auditing and assurance assignments, removing complexities

GST Advisory

Our GST Advisory Team is equipped with the best minds of the industry, who

Direct (Income Tax) Advisory

Corporates, Partnership Firms, LLPs, Individuals, etc. All of them need to comply

Starting of New Business

We help in setting up a new company, LLP, advisory related to incorporation

NRI Tax/ Investment Advisory

Experts from each area would help you plan, invest, maximize the return

Accounting and Book- Keeping

Accounts Receivable and Payable Management., Payroll Processing.

News Section

News

28 Jul 26

CBDT Extends Tax Exemption Benefits to Maharashtra Fees Regulating Authority Under Section 10(46)

No Change in MSME Payment Compliance: Government Defends Section 43B(h) in Parliament

New ITR-BN Form for Block Assessment in Search and Seizure Cases

Allahabad High Court Sets Aside IT Reassessment Notice Issued After Assessee’s Death

27 Jul 26

Supreme Court Confirms No GST on Long-Term Industrial Plot Leasehold Transfers

FM Sitharaman Calls for Greater Tax Certainty and Reduced Litigation at 167th Income Tax Day Celebration

Draft Insurance Rules 2026 Released: Centre Proposes Major Overhaul of 87-Year-Old Insurance Rules

26 Jul 26

CBDT Notifies ITR-BN Under Income Tax Rules 2026 for Block Assessment Cases

Andhra Pradesh Inaugurates Two New GSTAT Benches to Hear GST Appeals

Gauhati HC Directs Authorities to Restore Registration After Filing Pending GST Returns and Clearing Dues

25 Jul 26

Supreme Court: Section 74 Cannot Be Invoked Without Proof of Fraud or Fake ITC

Gauhati HC: ITC Can’t Be Refused to Bona Fide Purchaser for Seller’s Failure to File GST Returns

24 Jul 26

Punjab & Haryana HC Invalidates GST Show Cause Notice Prepared Using AI Tool

Delhi HC Declines Plea Against 18% Tax on Diagnostic Services, Directs Matter to GST AAR

MoS Finance Pankaj Chaudhary: GST Rate on 36 Life-Saving Medicines Reduced to Nil

TN Rice Millers Seek Removal of 5% GST on Rice Ahead of Upcoming Council Meeting

23 Jul 26

CBDT Revises `Specified Fund` Definition Under Income Tax Act, 2025

CBDT Grants Section 10(46) Exemption to District Legal Services Authority, Jind

Madras HC: Govt. Contractors Eligible for Additional GST Reimbursement Following VAT-to-GST Transition

Rajasthan Government Issues New Guidelines for GST Return Scrutiny

MCA Invites Stakeholder Suggestions on Integrated Insolvency Ecosystem Platform

Supreme Court Upholds Allahabad HC Decision Describing GST Registration Cancellation as ‘Economic Death’ of Business

21 Jul 26

UPI Crosses 55.49 Crore Users in June 2026; FY26 Transactions Hit Rs 314 Lakh Crore

CBDT Enables Foreign Assets Reporting in AIS: Taxpayers Can Now View CRS/FATCA Data Online

Uttarakhand HC: Minor GST E-Way Bill Typo Can’t Trigger Section 129 Penalty

Madras HC: Bank Account Under GST Section 83 Can’t Be Sustained Without Tangible Material

Calcutta HC: GST Order U/S 73 Remains Valid If Digitally Signed on or Before the Limitation Deadline

No GST Demand Order Within Deadline: Delhi High Court Quashes ADT-03 Audit Notice and DRC-01

20 Jul 26

Core Industries Index Overhauled with 2022-23 Base Year and Expanded Industry Coverage

CBDT Notifies NaBFID 10-Year Zero Coupon Bond Under Income Tax Act, 2025

19 Jul 26

Tax Compliance Checklist for Small and Medium Enterprises

Karnataka HC Quashes GST Order Over Absence of Fraud Allegation in SCN U/S 74

18 Jul 26

Karnataka HC: Third Parties Cannot Challenge GST Advance Rulings Under Article 226

Karnataka HC: Third Parties Cannot Challenge GST Advance Rulings Under Article 226

GSTAT Activates Token Generation Facility to Resolve E-Filing Appeal Portal Issues

DGTS and Belapur Commissionerate Host Hybrid GST Seminar for Industry and Tax Experts

16 Jul 26

Centre Revises Excise Duty Rates on Petrol and Diesel Components; Changes Effective from 16th July 2026

Social Protection Fund Notified as Specified Person Under IT Act 2025 for Tax-Exempt Investments in India

Gujarat HC Rejects Plea Against Fake GST ITC Demand Over Misleading Submissions to the Court

Karnataka HC Clarifies No GST on Machinery Returned to Seller for Testing Without Consideration

Dimapur Unit Tax Department Carries Out Field Inspection Drive for GST Compliance Awareness

15 Jul 26

Karnataka HC Grants Relief on Common GST Notices, GSTR-2A/GSTR-3B ITC

AP HC: Single SCN and Composite GST Order Cannot Be Given for Multiple Tax Periods

Karnataka HC Quashes Tax Demand, Upholds Taxpayer’s Right to Be Heard on GST ITC Claim

MSME-MCA Internship Claim False: PIB Advises Citizens Not to Share Personal Information

Finance Ministry Empowers DRAT Delhi Chairperson to Decide PNB Appeals

Direct Tax Collections Rise 16.4% to Rs 6.51 Lakh Crore as on 13th July 2026 for FY 2026-27

14 Jul 26

Delhi HC: GST Order Valid Even If Every Reply to SCN Is Not Discussed in Detail

Supreme Court Upholds GST Officers’ Arrest Powers, Declares Section 69 Constitutional

ITR Filing Gains Momentum as Over 1.7 Cr Returns Are Filed Ahead of July 31 Deadline

Over 1.7 Crore Taxpayers Filed ITRs for AY 2026-27

FM Sitharaman Reviews RBI Swap Schemes; Banks Report Strong NRI Response to FCNR(B) Deposits

MSME-MCA Internship Claim False: PIB Advises Citizens Not to Share Personal Information

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

30 Jul 26 26QC

30 Jul 26 26QC

30 Jul 26 26QC

30 Jul 26 26QC

31 Jul 26 26QC

31 Jul 26 Taxpayers with Turnover below Rs 5 Crores can opt in or opt out of QRMP Scheme for Jul-Sep quarter.

31 Jul 26 Annual Return of Deposits by Companies other than NBFCs for FY 25-26. (extended due date)

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