₹0 tax on ₹35 lakh of sales
TaxSavvy for kirana or retail shop, small shop, no GST yet
Under ₹40 L sales? You may not need GST. Profit counted at 6% of UPI sales.
Shop with sales up to ₹40 L, not registered
What people like you ask us
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- Do I need GST registration? Threshold and compulsory registration check
- Presumptive income tax return, ITR-4 (Sugam), Sec 58 (old 44AD, 44ADA, 44AE)
- Udyam registration and update
- Mudra loan under PMMY: Shishu, Kishore, Tarun, Tarun Plus
Send any one of these to start
- Bank statement
The jobs people like you bring us
Freelancer? Pay tax on half your receipts, legally.
We file ITR-4 under Sec 58 (old 44ADA) from your bank statement.
2 working daysIf you wait: Late after 31 August: ₹5,000 fee (Sec 428, old 234F)
Free first stepITR-3 or ITR-4? Read thisBusiness owner? Books to ITR, one CA, one fee.
We close your books, check audit need and file the business return.
Fixed price, shown before you payYearly, before the due dateIf you wait: Audit missed: ₹75,000 fee, ₹1.5 lakh after a month (Sec 428(c), old 271B)
Free first stepSee every filing and due dateCredit not in GSTR-2B? Stop losing input tax credit.
We reconcile purchases with GSTR-2B and IMS and chase the suppliers.
Every month, 14th to 18thIf you wait: Excess credit reversed with 18% interest (CGST Sec 50(3))
Free first stepRead about 2A and 2B mismatch
Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
GST Mandatory Registration: Threshold and Triggers
- Facts
- Registration is the foundation of GST compliance. Miss the threshold, delay beyond 30 days, or supply inter-state without registration, penalty is 100% of tax or ₹10,000. Most small business owners discover the obligation only after a notice.
- Provisions and law
- Sec 22(1); Sec 24; Sec 29(2); Sec 122(1); Rule 8, 9
- Analysis
- Aggregate turnover definition: All taxable + exempt + zero-rated + nil-rated supplies on PAN-India basis. Excludes inward supplies under reverse charge. Includes multiple GSTINs under same PAN. A single person with businesses in Delhi and Mumbai: add both states' turnover for threshold check. Special category states (lower threshold): Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Arunachal Pradesh, Uttarakhand, Himachal Pradesh, J&K: ₹10L for services, ₹20L for goods. Inter-state, no threshold: The moment a supplier makes even ONE inter-state supply, say a Delhi freelancer invoices a client in Mumbai, registration is mandatory regardless of annual turnover. This is the most commonly missed trigger. Selling on Amazon to customers in another state = inter-state.
- Conclusion
- Calculate aggregate turnover for current FY: all supplies across all states, all businesses under same PAN
- Check: any inter-state supply made? (Even one invoice to another state = registration mandatory)
- Check: are you selling on Amazon/Flipkart/Meesho? (E-commerce aggregator = mandatory registration)
- Check: do you purchase from unregistered suppliers above ₹5,000/day? (RCM may apply)
MUDRA loan: collateral-free business loan up to ₹20L (Tarun Plus)
- Facts
- MUDRA provides collateral-free, guarantor-free working capital and term loans to non-farm micro and small businesses through commercial banks, microfinance institutions, and cooperative banks.
- Provisions and law
- MUDRA (Micro Units Development Refinance Agency) | PM Mudra Yojana
- Analysis
- Three categories: • Shishu: Up to ₹50,000 (new micro businesses, street vendors) • Kishore: ₹50,001 to ₹5L (established micro businesses) • Tarun: ₹5L to ₹10L (growth-stage small businesses) • Tarun Plus (new 2024): ₹10L to ₹20L (for businesses with strong repayment history) Interest rate: Determined by the lending institution (no fixed MUDRA rate), typically base rate + 1-3% for Shishu/Kishore, market rates for Tarun. Subsidised for specific sectors (SC/ST entrepreneurs, women-owned businesses, NER states). How to apply: Any PSU bank, private bank, microfinance institution. Online: udyamimitra.in. Eligibility: Non-farm business, not defaulter on any loan, MSME registration (Udyam).
- Conclusion
- Udyam Registration Certificate (MSME registration, free, online at udyamregistration.gov.in)
- Business proof, GST registration / shop licence / trade licence
- Last 2 years ITR (if available) or 6 months bank statement
- Proof of business premises (rent agreement / utility bill)
GSTR-1: Outward Supplies Return (Due 11th)
- Facts
- GSTR-1 is the source of truth for the GST system. It feeds your customers' GSTR-2B, which they use to claim ITC. File it wrong or late, your customers lose ITC credit, they call you, you lose the client. Every B2B invoice must be declared invoice-by-invoice.
- Provisions and law
- Sec 37; Rule 59; Sec 37(3); Rule 59(6); Notification 89/2020
- Analysis
- What goes in GSTR-1 table by table: Table 4A: B2B invoices (every invoice to a GSTIN holder, must have buyer's GSTIN, invoice number, date, taxable value, GST amount). Table 5: B2C interstate invoices above ₹2.5L (state-wise). Table 6: Exports, type of export, shipping bill number if zero-rated. Table 7: B2C supplies (domestic, below ₹2.5L interstate or any intrastate). Table 8: Nil-rated/exempt/non-GST supplies. Table 9/10: Amendments to previous months' invoices. Table 11: Advances received. HSN summary (Table 12): If turnover above ₹5Cr: 6-digit HSN mandatory. ₹1.5Cr to ₹5Cr: 4-digit HSN. Below ₹1.5Cr: 2-digit HSN. From FY 2021-22: all B2B invoices must carry HSN/SAC code. Wrong HSN = input GSTR-2B data for buyer is wrong → buyer's ITC is blocked. Why GSTR-1 accuracy matters for your client: Every B2B invoice you declare in GSTR-1 flows into your buyer's GSTR-2B automatically.
- Conclusion
- Compile all outward invoices for the month: B2B (with buyer GSTIN), B2C, exports, debit/credit notes
- Verify every B2B invoice has: correct buyer GSTIN, correct invoice number/date, correct HSN/SAC, correct tax amount
- Check: any amendments needed to previous months' invoices? Declare in Table 9/10
- Check: any exports in the month? Attach shipping bill number and Bill of Lading details
GSTR-2A / 2B mismatch notices: ITC reversal demands
- Facts
- The most common GST notice: your GSTR-2B shows less ITC than what you claimed in GSTR-3B. Reasons: vendor didn't file GSTR-1, vendor filed after your return date, invoice uploaded incorrectly.
- Provisions and law
- CGST Act, Sec 16(2)(aa), 16(4) | Rule 36(4)
- Analysis
- Sec 16(2)(aa): ITC is available only on invoices appearing in GSTR-2B. If not in GSTR-2B, ITC must be reversed with interest (18% per annum). Defence: Get vendor to file/amend their GSTR-1. Once vendor files, the invoice appears in your GSTR-2B and ITC can be claimed. Chasing vendors is now a mandatory compliance activity.
Under ₹40 L sales? You may not need GST. Profit counted at 6% of UPI sales.
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