Kunj Tax Advisory

07/05/2026

📌 Section 16 of the CGST Act – Backbone of Input Tax Credit (ITC)

Section 16 of GST allows registered taxpayers to claim Input Tax Credit (ITC) on goods or services used for business purposes, subject to prescribed conditions ✅

✅ Conditions to Claim ITC

✔ Valid tax invoice or debit note
✔ Goods/services actually received
✔ Invoice reflected in GSTR-2B
✔ Supplier has deposited GST with Government
✔ GSTR-3B properly filed

❌ Failure of even one condition may lead to ITC denial.

⏳ Time Limit for Claiming ITC

ITC for a financial year can be claimed up to:

📅 30th November of the next financial year
OR
📘 Date of filing GSTR-9

Whichever is earlier.

After this deadline, ITC lapses permanently ⚠️

💰 180 Days Payment Rule

If payment to supplier is not made within 180 days:

• Claimed ITC must be reversed with interest
• ITC can be reclaimed once payment is made later

📌 Why Section 16 Matters

Section 16 ensures ITC is allowed only when there is:

✔ Genuine business use
✔ Proper documentation
✔ Supplier compliance
✔ Timely GST return filing

This protects Government revenue and prevents misuse of tax credits.

💡 In GST, profit is not only in earning more — but also in protecting eligible ITC.

📍 Follow for GST & Tax updates.

05/05/2026

📌 SECTION 44AD – Presumptive Taxation (FY 2025–26)

Running a small business?
Tired of books, audits & compliance stress?

👉 Section 44AD offers a simple & smart taxation option for eligible taxpayers.

✅ Why choose Section 44AD?

✔️ No Books of Accounts
✔️ No Tax Audit
✔️ Easy ITR-4 Filing
✔️ Lower Compliance Cost
✔️ Advance tax only once (by 15 March)

👤 Who can opt?

✔️ Resident Individual / HUF / Partnership Firm
❌ LLP, Professionals, Commission & Agency businesses not eligible

💰 Turnover Limits

• Up to ₹2 Cr (Normal)
• Up to ₹3 Cr if cash receipts ≤ 5%

📊 Presumptive Income

• 8% – Cash turnover
• 6% – Digital turnover

⚠️ Important: Once opted, continue for 5 years to avoid audit complications.

🧾 Simple • Smart • Time-Saving Taxation

📍 Need help choosing the right tax scheme?
📞 Contact Kunj Tax Advisory

📍 Kunj Tax Advisory

📍 Dhoop Singh Nagar, Opp. Gali No. 20, Panipat, Haryana
📞 89013-12774
✉️ [email protected]

04/05/2026

🚨 OIL SHOCK ALERT!

Bharat ki economy par “oil shock” ka direct impact 🛢️⚠️ Are you really prepared?

Petrol mehenga, logistics cost high, aur daily expenses already pressure mein… ye sirf news nahi hai — ye aapke budget par direct attack hai.

Strait of Hormuz mein tension = global oil supply risk
Aur India? Direct impact zone

Fuel prices upar
Inflation spike
Business margins squeeze
Middle class ki savings pressure mein

Ignoring this = financial risk lena knowingly

Ab kya karein?

Stay updated daily – market, tax aur finance updates miss mat karo
Save this post – volatile time mein information power hai
Share with your network – friends, family aur business partners ko alert karo

Need expert guidance?

Call: 890132774
Email: [email protected]

Kunj Tax Advisory – Tax | Trust | Growth

Aapke hisaab se kya inflation fir se 8%+ ja sakta hai?
Comment karo YES ya NO 👇

04/05/2026

🚨 TDS ON PROPERTY PURCHASE FROM NRI – BIG UPDATE (FY 2026-27)

There’s a lot of confusion around Section 195 and the new PAN-based system. Let’s simplify 👇

📌 No change in current system up to 30.09.2026
👉 Continue with TAN-based TDS filing

📌 PAN-based TDS system
👉 Applicable from 01.10.2026 onwards

📋 Compliance Checklist:
✔ Obtain TAN (if required)
✔ Deduct TDS u/s 195
✔ Use Section Code 1057
✔ File Form 27Q
✔ Issue Form 16A
✔ Ensure Form 15CA/15CB (if applicable)

⚠️ Don’t assume new system is already live — follow correct timeline to avoid penalties

💼 Need help with TDS compliance?
📞 890132774
📧 [email protected]

👉 Follow Kunj Tax Advisory for latest tax & GST updates

21/04/2026

🧾 March 2026 GSTR-3B Filing Alert! 📊⚠️

Part 1---------

Year-end return is NOT routine — it’s the foundation for GSTR-9 & GST scrutiny 🔍

👉 Swipe through to understand:
✔️ Why March filing is critical
✔️ How ECRRS works (ITC reversal & reclaim)
✔️ Difference between Positive vs Negative ITC balance
✔️ Common mistakes that can increase your tax liability 🚨

💡 Key Insight:
Mismatch in ITC = Higher tax + Possible notices
So, proper reconciliation is a MUST ✅

📊 Don’t wait for notices — stay compliant & audit-ready

📞 Kunj Tax Advisory
📱 890132774
📧 [email protected]

15/04/2026

🚨 Major ITC Risks to Avoid | FY 2026–27 🚨

Many taxpayers lose ITC due to delayed reporting and weak reconciliation.
Key risks you must not ignore 👇

🔵 5️⃣ Delay in Credit Notes & Export Reporting (Sec 34)
Late reporting affects:
▪️ Refund eligibility
▪️ Turnover accuracy
▪️ IMS matching

✅ Report credit notes & exports (Table 6A) on time.

🔴 6️⃣ ITC Without IMS Acceptance (Sec 16(2))
Not accepted in IMS = Not in GSTR-2B = ITC blocked

✅ Complete IMS actions before cut-off (~14th).

🟠 7️⃣ ITC on Rejected / Mismatched Invoices
(Sec 16(2)(aa) + Rule 37A)

Leads to ITC blockage & vendor disputes.

✅ Strong vendor follow-up
✅ Corrections via GSTR-1A.

🟡 8️⃣ Missing ITC Time Limit (Sec 16(4))
ITC not claimed before September deadline = Permanent loss

✅ Track ITC ageing regularly.

🔵 9️⃣ Blocked ITC & Wrong Reversals
(Sec 17(5), Rule 42/43)

Results in interest & penalties.

✅ Correct classification
✅ Automated reversals.
L

🟣 🔟 No Proper Reconciliation
Mismatch between IMS, GSTR-2B, books & 3B leads to scrutiny.

✅ Follow: IMS → GSTR-2B → Books → GSTR-3B

📞 Need GST Support?
Kunj Tax Advisory – Panipat
📲 Call / WhatsApp: 89013127774

14/04/2026

🚨 GSTR-1 & ITC Compliance Risks | FY 2026–27 🚨

Many taxpayers lose ITC, refunds, and peace of mind due to small but critical mistakes in GSTR-1 filing.
Here are the top issues you must avoid 👇

🔴 1️⃣ Invoice Series Not Reset (Rule 46)
Using the old invoice series after 1 April 2026 makes invoices non-compliant.
❌ ITC denial to recipients
❌ Audit & reconciliation issues

✅ Always start a fresh invoice series and maintain separate series per GSTIN.

🟠 2️⃣ Wrong GSTIN / B2B-B2C Classification (Sec 37)
Wrong GSTIN or reporting B2B invoices as B2C means:
❌ Invoice won’t appear in GSTR-2B
❌ Direct ITC loss to customer

✅ Table 4 → B2B | Table 7 → B2C
✅ Use system-based GSTIN validation.

🟡 3️⃣ HSN, Tax Rate & Amendment Errors
Wrong HSN or GST rate can lead to:
⚠️ Short / excess tax payment
⚠️ GSTR-9 mismatch
⚠️ Department notices

✅ Use 6-digit HSN, verify rates & use GSTR-1A before filing 3B.

📌 Why this matters?
One small GSTR-1 mistake today can create huge ITC disputes tomorrow.

📞 Need help with GST compliance?
Kunj Tax Advisory
📲 Call / WhatsApp: 89013127774

13/04/2026

📌 GSTAT Appeal Filing – Important Instructions (Form APL-05)

अगर आप GST से जुड़े किसी आदेश के खिलाफ GSTAT में अपील फाइल करने की योजना बना रहे हैं,
तो ये महत्वपूर्ण निर्देश जानना आपके लिए बेहद ज़रूरी है 👇

📂 Mandatory Documents (Soft Copy में अपलोड अनिवार्य):
✔️ Show Cause Notice (SCN)
✔️ Order-in-Original (OIO)
✔️ Order-in-Appeal (OIA)
✔️ Statement of Facts
✔️ Grounds of Appeal

💰 Pre-Deposit & Court Fee:
➡️ अपील फाइल करते समय प्री-डिपॉजिट और निर्धारित कोर्ट फीस अनिवार्य है।
➡️ यदि Higher Court द्वारा छूट दी गई है, तो इस आधार पर कोई डिफेक्ट नहीं उठाया जाएगा।

📄 Certified Copies:
➡️ OIO / OIA की स्कैन की हुई सर्टिफाइड कॉपी स्वीकार्य है।
➡️ Scrutiny Officer संतुष्ट होने पर कोई आपत्ति नहीं की जाएगी।

✍️ Authorization Requirement:
➡️ Tax Professional के पक्ष में वैध Authorization
➡️ Advocate के मामले में Vakalatnama अनिवार्य

⚠️ सही दस्तावेज़ों और प्रक्रिया के साथ अपील फाइल करें, ताकि अनावश्यक देरी और तकनीकी त्रुटियों से बचा जा सके।

📞 For GST Appeals & Tax Advisory:
Kunj Tax Advisory

📲 Call / WhatsApp: 089013 12774
📧 Email: [email protected]

12/04/2026

🚨 RCM Alert Under GST – Don’t Miss This!

📌 What is RCMu (Reverse Charge Mechanism)?
Under RCM, the buyer (recipient) pays GST directly to the government instead of the supplier.

📌 Who is Liable to Pay GST?
👉 Registered recipient
👉 Not the supplier
👉 Payment must be made in cash (no ITC use)

📌 Common Transactions Covered Under RCM
✔️ Purchase from Unregistered Supplier (in specified cases)
✔️ Legal Services by advocate
✔️ GTA services
✔️ Renting of motor vehicle (specific cases)
✔️ Director’s remuneration

📌 Input Tax Credit (ITC) Benefit
✅ ITC can be claimed after paying GST under RCM
❌ ITC cannot be used to pay RCM liability

📌 Important Compliance Points
🧾 Self-invoice required
📘 RCM entries in books mandatory
📊 Report in GSTR-3B & GSTR-1 (where applicable)

⚠️ Non-compliance = Interest + Penalty

💡 Pro Tip:
If you deal with services or expenses frequently, RCM review is a must before filing GST returns.

📢 Share this post to keep others GST-compliant!

06/04/2026

📢 GST UPDATE ALERT | Corporate Laws Modification Bill 2026

🚨 Big changes are here—and professionals cannot afford to ignore them. The Corporate Laws Modification Bill, 2026 introduces stricter compliance, enhanced disclosures, and higher accountability for auditors and companies.

🔍 Key Highlights:
✅ NFRA – Section 132A: Stronger oversight & heavy penalties (up to ₹25 lakh + daily fines)
✅ Director Appointments: Tenure capped till next AGM or 3 months
✅ Section 144: Non-audit services barred for 3 years—even after auditor’s term
✅ Section 134: Detailed disclosures in Board’s Report now mandatory
✅ Producer Companies (Sec 378ZF): Internal audit compulsory if turnover exceeds ₹5 Cr

📌 Overall Impact:
✔ Higher transparency
✔ Stronger internal controls
✔ New professional opportunities

📞 Need clarity or compliance support?
Kunj Tax Advisory
📲 89013127774

👉 Stay updated. Stay compliant.

02/04/2026