What are the opening hours?

Monday 9am - 8:30pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm Saturday 9am - 5pm

Goyal Natiya & Associates, 802, 8thFloor , Upasana First Avenure, Gopalbari, Jaipur (2026)

We specialize in accounting, financial and legal consulting, tax management, auditing, and wealth management, providing tailored expertise to help your business thrive.

16/05/2025

Effective Budget Planning: The Backbone of Strategic Growth

Whether you’re managing personal finances or steering a business, a well-structured budget isn’t just about tracking expenses—it’s about setting a clear roadmap for growth, resilience, and smart decision-making.

Key elements of successful budget planning:
• Set clear objectives: Know where you want to go.
• Track & analyze: Monitor spending and adjust when needed.
• Be realistic: Base estimates on data, not hope.
• Plan for uncertainty: Include contingency buffers.
• Review regularly: Your budget should evolve with your goals.

Budgeting isn’t just a finance task—it’s a strategic habit. Let your budget tell the story of your priorities.

15/05/2025

◇Understanding Input Tax Credit (ITC) Under GST◇

☆What is ITC?
Input Tax Credit allows businesses to reduce the tax they pay on output by the amount of GST paid on inputs (goods or services used for business).

☆You CAN claim ITC on:

Raw materials and goods used in production

Services like legal, accounting, advertising, and consulting

Capital goods used in business

Office supplies, if used for taxable business operations

GST paid under Reverse Charge Mechanism (after payment)

☆You CANNOT claim ITC on:

Personal use items

Goods/services used for exempted supplies

Motor vehicles (with some exceptions)

Food, beverages, and club memberships

Construction of immovable property (except for resale)

Travel benefits for employees (unless mandated)

☆Key Conditions for Claiming ITC:

Must have a valid tax invoice

Supplier must have filed their GSTR-1

Goods/services must be received

GST must be paid to the government

ITC must be claimed within time limits

●Tip: Regular reconciliation with GSTR-2B ensures maximum credit and avoids mismatches

09/05/2025

Understanding Reverse Charge Mechanism (RCM) Under GST

Most of us are familiar with the usual GST process—where the supplier collects tax and deposits it with the government. But in some cases, the tax liability shifts to the recipient of goods or services. This is called the Reverse Charge Mechanism (RCM).

When does RCM apply?

Supply from an unregistered dealer to a registered dealer

Specified goods/services (e.g., legal services, GTA services)

Import of services

Why is it important?
RCM ensures tax compliance where the supplier might not be obligated or capable of collecting GST. Businesses must be vigilant, as missing RCM payments can lead to penalties and denial of input tax credit (ITC).

Key Tip: Under RCM, ITC can be claimed, but only after tax is paid to the government—not when invoiced.

RCM isn't just a technicality—it's a compliance priority.
Stay aware. Stay compliant.

---

02/05/2025

What is Advance Tax & Who Should Pay It?

Advance tax means paying your income tax liability as you earn, rather than waiting for the year-end. If your total tax liability for the financial year exceeds ₹10,000 (after considering TDS), you're required to pay advance tax in installments.

Who should pay?

Salaried individuals with additional income (rent, capital gains, etc.)

Freelancers and consultants

Business owners

Anyone with significant income not fully covered by TDS

Due Dates & Installments:

15th June – 15% of total tax liability

15th September – 45% (cumulative)

15th December – 75% (cumulative)

15th March – 100%

Why it matters:
Late payment attracts interest under Sections 234B and 234C of the Income Tax Act. Timely payment helps avoid penalties and eases your cash flow.

Need help calculating or planning your advance tax? Feel free to reach out or drop a message!

30/04/2025

Old vs New Tax Regime: What should you choose for FY2025-26 ?

Old Tax Regime:

Higher tax slabs

Allows deductions like:
• Section 80C (PPF, ELSS, LIC, etc.) – up to ₹1.5 lakh
• Section 80D (Health insurance)
• HRA, LTA, Home Loan Interest

Ideal for those who claim multiple deductions

New Tax Regime (Default Option):

Lower tax slabs

Fewer deductions, but includes:
• Standard Deduction of ₹75,000 for salaried individuals and pensioners
• Employer contributions to NPS and EPF

Suitable for those with minimal investments

Which is better for FY 2025-26?

If claiming more than ₹3–4 lakh in deductions → Old Regime may benefit you

If you prefer a hassle-free experience and do not claim many deductions → New Regime might save you more

Plan Smart. Choose Wisely.

Address

802, 8thFloor , Upasana First Avenure, Gopalbari
Jaipur
302001

Opening Hours

Monday	9am - 8:30pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm
Saturday	9am - 5pm

Website

http://Cagnassociates.com/, https://g.page/r/CS0EcM-hzuFeEBI/review

Alerts

Be the first to know and let us send you an email when Goyal Natiya & Associates posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Goyal Natiya & Associates:

Goyal Natiya & Associates