Chartered Accountant Services for Hardware Engineering Companies in India
Hardware engineering businesses operate at the intersection of design, manufacturing, imports, R&D, and strict regulatory oversight. From prototype development to large-scale production, financial accuracy and compliance discipline are not optional.
At N D Savla & Associates, we work closely with hardware engineering companies, electronics manufacturers, product design firms, and embedded system businesses to manage taxation, accounting, and regulatory compliance without disrupting operations.
Whether you are a startup building prototypes or an established hardware manufacturer scaling production, we provide end-to-end CA support tailored to the hardware engineering sector.
Who This Page Is For
This service is designed for:
Hardware engineering companies
Electronics & embedded system manufacturers
Product design and prototyping firms
IoT device manufacturers
Industrial equipment and component manufacturers
Hardware startups and R&D-driven businesses
If your business involves physical products, BOMs, imports, testing, and manufacturing costs, generic accounting is not enough. You need industry-aware financial management.
Key Accounting & Compliance Challenges in Hardware Engineering
Here’s the reality most hardware engineering firms face:
Complex GST treatment on components, sub-assemblies, and finished goods
Input tax credit mismatches due to imports and multiple vendors
High-value inventory tracking and valuation
R&D expenditure accounting and capitalisation
Customs duty, IGST on imports, and vendor reconciliation
Revenue recognition across design, prototyping, and production stages
Frequent audits, assessments, and departmental scrutiny
Our role is to simplify these challenges while keeping your business fully compliant.
Our CA Services for Hardware Engineering Companies
1. Accounting & Bookkeeping
Industry-specific accounting setup
Inventory accounting and valuation
BOM cost tracking and margin analysis
Monthly MIS and cost reports
2. GST Advisory & Compliance
GST registration and classification of goods
Input tax credit reconciliation (GSTR-2B)
GST returns and audit support
Handling GST on imports and job work
3. Income Tax & Tax Planning
Corporate tax planning for hardware businesses
R&D expenditure treatment and deductions
Advance tax computation and compliance
Assessment and notice handling
4. Audit & Assurance
Statutory audit
Tax audit
Internal audit for manufacturing controls
Process and compliance reviews
5. Import–Export & Customs Support
Accounting for customs duty and IGST
FEMA compliance for foreign payments
Support for import-export documentation
6. Startup & Growth Advisory
Entity structuring for hardware startups
DPIIT startup recognition support
Financial projections and fundraising readiness
Compliance support for scaling operations
Why Hardware Engineering Companies Choose N D Savla & Associates
What really matters is not just compliance, but understanding how hardware businesses work.
Experience working with manufacturing and engineering-driven companies
Clear understanding of inventory, cost structures, and margins
Strong GST and audit expertise
Transparent processes and clear communication
Dedicated support for growing and scaling businesses
We don’t push templates. We align our work with how your engineering and operations teams function.
When Should You Engage a CA for Hardware Engineering Compliance?
You should speak to a CA if:
You are moving from prototype to production
Your GST input credits are frequently mismatching
You deal with imports, job work, or contract manufacturing
You are planning to raise funds or scale manufacturing
You have received tax or GST notices
Early involvement prevents costly mistakes later
FAQs – CA Services for Hardware Engineering Companies
Do hardware engineering companies need GST registration?
Yes. Most hardware businesses dealing in goods, manufacturing, or interstate sales require GST registration.
How is GST handled on imported components?
IGST paid at the time of import is eligible for input tax credit, subject to proper documentation and reconciliation.
Can R&D expenses be claimed as deductions?
Yes, subject to income tax provisions and proper classification between revenue and capital expenditure.
Do hardware startups need audits?
Audit requirements depend on turnover, entity type, and statutory thresholds. We evaluate this case-by-case.
Can you support hardware startups with funding readiness?
Yes. We assist with financial structuring, projections, compliance, and investor documentation.
