Statutory Compliance Consultants for Companies, LLPs & Industrial Establishments in Mumbai — MoSPI/NSO Surveys
Mumbai's finance departments deal with compliance notices regularly. But this one — from MoSPI or NSO — is probably unfamiliar.
It's real. And it's mandatory.
Since April 2026, the National Statistical Office has been sending out compliance notices to thousands of factories, private limited companies, LLPs, and public sector units across India. Mumbai — as India's financial capital and the state with the highest concentration of incorporated service sector entities — has received a particularly large share. Whether your registered office is in Nariman Point, BKC, Andheri, Thane, or Navi Mumbai, if a Maharashtra GSTIN registered to your business was selected in NSO's sample of approximately 1,21,350 enterprises nationally, a notice has arrived.
The filing is backed by the Collection of Statistics Act, 2008. Non-compliance past 14 days means ₹5,000 per day for companies. Exim Advisory handles the complete process for Mumbai and Maharashtra businesses — notice verification, data preparation, financial reconciliation, and portal submission.
Why Mumbai Businesses Are in the Sample
Mumbai is India's commercial capital — and its GSTN footprint is unmatched. The city holds the highest density of incorporated services sector enterprises in the country: BFSI companies, IT firms, logistics hubs, export-oriented manufacturers, real estate companies, and professional services LLPs. When NSO built its ASISSE sampling frame from the GSTN database, Maharashtra GSTINs — and Mumbai ones specifically — showed up heavily.
For ASI filers, Maharashtra's large industrial base — chemicals, pharmaceuticals, engineering goods, food processing — means factories in Mumbai, Thane, and Raigad districts have appeared regularly in NSO's manufacturing survey samples for years.
ASI and ASISSE — The Distinction
ASI — Annual Survey of Industries has run since 1959. It covers the registered manufacturing sector: factories under the Factories Act, 1948, electricity undertakings, bidi and cigar establishments, and industrial units broadly. If your Mumbai or Thane factory has been filing under the Factories Act, there's a reasonable chance your establishment has appeared in an ASI sample before — even if your accounts team never dealt with it.
ASISSE — Annual Survey of Incorporated Services Sector Enterprises launched in April 2026 — India's first structured annual survey of the formal services sector. It covers Private Limited Companies, LLPs, Public Limited Companies, and PSUs operating in IT, ITES, financial services, trade, transport, hospitality, healthcare, education, real estate, and professional services. Given Mumbai's dominance in BFSI and IT, ASISSE notices here tend to concentrate in those sectors.
Both surveys operate under the Collection of Statistics Act, 2008 (as amended in 2017) and the Jan Vishwas Act, 2023.
One thing that comes up every time: these surveys have nothing to do with your GST assessments or Income Tax filings. The Act legally bars NSO from sharing anything you submit with the Income Tax Department, GST authorities, SEBI, or RBI for enforcement. Your data feeds national economic indicators — GDP computation, sector GVA, employment estimates. That's the only destination.
Penalty Table
| Default Stage | Penalty |
| Failure or refusal to furnish information | Up to ₹5,000 (companies) / ₹1,000 (individuals) |
| Non-compliance beyond 14 days | Up to ₹5,000 per day (companies) / ₹1,000 per day (individuals) |
| Wilful submission of false information | Imprisonment up to 6 months and/or fine |
| Recovery mechanism | As arrears of land revenue under Section 15C |
And the part most companies miss: paying the penalty doesn't close the matter. The return is still mandatory. The fine is on top of — not instead of — the filing.
How Exim Advisory Handles Mumbai Filings
Notice Verification First We confirm the notice is authentic, identify the specific Maharashtra GSTINs selected, check the reference period, and map your exact filing scope. Mumbai businesses with multiple GSTINs across Maharashtra need particular attention — each selected GSTIN must be filed independently.
Block-by-Block Data Preparation The questionnaire covers specific data blocks:
- Block 1 — Enterprise identity, ownership type, NIC 2025 activity classification
- Block 3 — Fixed assets and capital work-in-progress
- Block 4 — Working capital, borrowings
- Block 5 — Employment headcount split by gender; total labour costs
- Blocks 6A & 6B — Intermediate consumption items, coded under CPC 3.0
- Block 7A — Revenue, receipts, and output
- Blocks 11 & 12 — Digital technology usage and IT infrastructure
Every figure is traced to an audited source. Nothing is entered on assumption.
Financial Reconciliation GST turnover, P&L, balance sheet, payroll register, and fixed asset schedule — reconciled against each other and against the portal's expected format before submission. For large BFSI and IT companies with consolidated accounts across 15–20 states, separating Maharashtra GSTIN-level data from group financials is where most of the work happens. We've done this for mid-size NBFCs and listed IT companies alike.
Multi-GSTIN Apportionment Many Mumbai-headquartered companies run consolidated books covering operations across India. We break down data to the specific GSTIN level — apportioning turnover, employees, and assets accurately.
Portal Submission and Post-Filing Support End-to-end filing through the official MoSPI secure portal, portal validation checks, and full support for any follow-up from NSO field officers.
Documents Required
- Audited Balance Sheet and P&L for FY 2024–25
- Trial balance
- GST returns and Maharashtra GSTIN-wise turnover breakdowns
- Payroll register — headcount split by gender
- Fixed asset schedule with depreciation
- Working capital and loan statements
- Production records and raw material consumption data (ASI filers)
- Electricity and fuel cost data
- Factory licence (ASI filers)
- NIC 2025 primary activity classification
Industries We Work With in Mumbai
BFSI companies: banks, NBFCs, insurance firms, asset management companies — IT and ITES companies across BKC, Powai, Malad, and Andheri — Pharmaceutical and chemical manufacturers in Thane, Navi Mumbai, and Raigad — Logistics and warehousing businesses along the JNPT corridor — Export-oriented manufacturing units — Hospitality and real estate companies — Professional services: consulting, legal, advisory — Trading and commodity businesses
Specific to Mumbai: Large BFSI and IT companies here typically have consolidated books spanning 15–20 states. Separating Maharashtra GSTIN-level data from group financials requires precise apportionment — and it genuinely can't be rushed. We've developed a systematic process for this kind of multi-state data extraction, and it's one of the most common things we do for Mumbai clients.
Frequently Asked Questions
Is the notice that arrived at our Mumbai office genuine? Yes. ASISSE was officially launched via PIB Press Release dated 6 April 2026 (Release ID: 2249336). The portal URL should be on the mospi.gov.in domain. The Field Office contact in your notice should match NSO's published directory.
Our Mumbai company has GST registrations in eight states. Do we file for all of them? Only for the GSTINs for which you received notices. If NSO selected multiple GSTINs separately, each requires an independent return. Data cannot be consolidated across GSTINs.
Will the data we submit affect our GST or Income Tax position? No. The Collection of Statistics Act, 2008 legally bars NSO from sharing submitted data with any tax authority for enforcement purposes.
What if our FY 2024–25 audit isn't finalised? We can work with provisional accounts. But engage early — deadlines are fixed, and the reconciliation takes time.
Does Exim Advisory cover Thane and Navi Mumbai as well? Yes. We serve clients across Greater Mumbai, Thane, Navi Mumbai, and the broader Mumbai Metropolitan Region.
Don't Let the Deadline Slip
Mumbai corporates — particularly those with multi-state operations — consistently find that ASISSE data preparation takes longer than expected. The multi-GSTIN apportionment alone isn't quick work. Don't leave it to the last week.
If your company or LLP in Mumbai has received an ASI or ASISSE notice from MoSPI or NSO, reach out to Exim Advisory today. We'll verify your notice, outline what's needed, and handle the entire process so your return is submitted accurately and on time.
Contact us at :- info@eximadvisory.com
Call :- +91- 9582067662
Whatsapp :- +91- 9582067662