35 Years of Trust, Expertise & Results
Founded in 1990 by CA Y M Shah, our firm has grown into one of Vadodara's most trusted Chartered Accountancy practices — serving businesses across India and internationally.
A Legacy Built on Integrity Since 1990
Y M Shah & Co. was founded in 1990 with a simple but powerful belief: every client deserves the same quality of advice that large corporations get — direct partner access, honest counsel, and accountable outcomes.
Over 35 years, we've helped hundreds of businesses — from small proprietorships to multinational subsidiaries — navigate India's complex tax, compliance, and regulatory landscape.
Today, we specialize in GST refund recovery, tax litigation, company formation (including for foreign investors), GIDC approvals, and audit & assurance. Clients across 15+ countries trust us to represent their Indian business interests.
The Principles That Guide Every Client Relationship
Direct Partner Access
You speak directly with the CA on your file — not a junior or assistant. We answer calls, reply to messages, and show up at hearings ourselves.
Transparent Fees
We quote upfront. No hidden charges, no billing surprises. You know exactly what you'll pay before we begin any engagement.
Outcomes-Focused
We measure success by benefits received, assessments quashed, and companies incorporated — not the length of our advice letters.
Global Clients, Local Expertise
We serve clients from 15+ countries — communicating in English, working across time zones, and handling India-specific compliance so you don't have to.
What We Do Best
Government Benefits
Advisory and assistance in obtaining eligible government incentives and benefits under central and state schemes, including GST refunds, export incentives, capital subsidies, and industrial promotion benefits. We support clients in identifying applicable schemes, preparing documentation, and securing approvals in compliance with regulatory requirements.
Company Formation
Advisory and end-to-end assistance for foreign investors establishing businesses in India, including incorporation of Private Limited Companies, LLPs, branch offices, and liaison offices. We guide clients through FDI regulations, FEMA compliance, RBI reporting, and regulatory registrations, ensuring a compliant and efficient setup for operating in India.
Litigations
Representation in scrutiny assessments, show cause notices, and demand proceedings under GST and Income-tax laws. We assist clients in preparing technically strong responses and represent them before Adjudicating Authorities, AAR, GSTAT, CESTAT, ITAT, and High Courts.
Audit & Assurance
Comprehensive statutory, tax, and internal audit services designed to ensure regulatory compliance and strengthen financial governance. Our audits focus on evaluating internal controls, financial reporting accuracy, and risk areas, providing management with clear insights and reliable assurance on the organization’s financial position.
FEMA & Foreign Investment
Advisory on foreign investment transactions, FEMA compliance, and transfer pricing regulations for multinational businesses operating in India. Services include FDI structuring, RBI reporting (FC-GPR, FC-TRS), ODI compliance, liaison and branch office regulations, and repatriation advisory. We also assist in transfer pricing documentation, inter-company transaction structuring, and regulatory compliance, ensuring adherence to RBI, FEMA, and Income-tax transfer pricing provisions.
Ongoing Compliance
Comprehensive support for day-to-day regulatory and statutory compliance, including GST returns, income-tax filings, TDS compliance, ROC filings, payroll, and other statutory obligations. We help businesses maintain accurate records and meet all filing requirements in a timely manner, ensuring continuous compliance with applicable tax and corporate laws.
Based in Vadodara, Serving Globally
345, Tower A, K10 Atlantis,
Opp. Vadodara Central Mall,
Sarabhai Main Road, Alkapuri,
Vadodara – 390007, Gujarat, India
View on Google Maps →
International clients: flexible by appointment
⭐⭐⭐⭐⭐ What Clients Say
“We are a UK-based company that set up a subsidiary in India through Y M Shah & Co. The process was smooth, transparent, and professionally handled. Highly recommended for any foreign business looking to enter India.”
“Our GST refund of ₹1.2 Cr had been stuck for 18 months. Within 3 months of engaging Y M Shah & Co., the full amount was credited. Their knowledge of GST law is exceptional.”
“Y M Shah won our income tax appeal where two previous CAs had failed. They prepared a brilliant written submission and the demand of ₹45 Lakhs was quashed entirely.”