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₹85,800 ITC used, ₹3,600 more found
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- Compliance Pack onboarding
- GSTR-2B ITC reconciliation and IMS
- E-way bill generation
- Supplier due diligence: GSTIN, filing history, 2B and IMS match, red flags
- Credit ledger blocked under Rule 86A: representation and unblocking
Send any one of these to start
- GST returns
- Invoices
- Bank statement
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Business 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 mismatchGSTR-9 due? Close the GST year cleanly.
We tie GSTR-9 to your books and fix gaps before you file.
7 working days after books closeIf you wait: Late fee from ₹50 a day, capped at 0.04% of turnover for most (CGST Sec 47(2))
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Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
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.
Blocked Credits: Section 17(5) Complete List
- Facts
- Section 17(5) is the ITC blacklist, goods and services on which you CANNOT claim GST credit even if you paid GST on them. Most businesses unknowingly claim blocked credits, which then get reversed in GST audit. Know the list before filing GSTR-3B.
- Provisions and law
- Sec 17(5); Sec 17(5)(a); Sec 17(5)(b); Sec 17(5)(c); Sec 17(5)(d)
- Analysis
- Most commonly wrongly claimed ITC (and then reversed): (1) Company car purchase, ITC blocked. Many businesses claim ₹3-5L ITC on car purchase and then face reversal. (2) Employee entertainment / team lunch, blocked. (3) Health insurance premium for employees, blocked (unless legally mandated). (4) Construction and renovation of office building, blocked on works contract. (5) Membership fees (gym, club), blocked. Exceptions that ARE allowed: Goods transport vehicle (truck, tempo), ITC available. More than 13-seat vehicles (bus for employee transport), ITC available. Motor vehicles for a driving school, available. Catering service buying food to serve clients, available. Insurance company buying health insurance (to reinsure/sell), available. Plant and machinery vs building: ITC on plant and machinery installation = allowed.
- Conclusion
- Before claiming any ITC, check if the supply falls under Section 17(5) blocked list
- Motor vehicle: check seating capacity and use, >13 seats or goods transport = allowed; company car = blocked
- Employee expenses: food/entertainment/health insurance/club membership, all blocked
- Construction and renovation of building: works contract ITC, blocked
TDS on Salary: Section 392 (old 192)
- Facts
- The most voluminous TDS in India, every employer deducts on estimated annual salary. Most errors in TDS happen here: wrong regime, missed deductions, dual employment.
- Provisions and law
- Sec 392 (old 192); Sec 392 (old 192(2)); Sec 392 (old 192(2B)); Form 124 (old Form 12BB); Sec 204, 201 (now 398)
- Analysis
- How salary TDS is computed: Step 1, Estimate gross salary for full year. Step 2, Add any other income declared by employee (Form 124, old Form 12BB). Step 3, Deduct loss from house property if declared. Step 4, Deduct allowances (HRA, LTA to extent exempt). Step 5, Deduct Sec 123/126, Income-tax Act 2025 (old Sec 80C/80D) etc. if old regime. Step 6, Compute tax on net income. Step 7, Divide by 12 months remaining = monthly TDS. Common employer errors: (1) Default to new regime without checking employee's declaration. (2) Not collecting Form 124 (old Form 12BB), missing HRA and home loan deductions. (3) Not aggregating other employer salary in job-switch year. (4) Not giving effect to Sec 392 (old Sec 192(2B)) house property loss declaration. Employee duty: Submit Form 124 (old Form 12BB) with proofs by February 28 each year. Declare other income/loss if applicable. If employer TDS seems wrong, check payslip and Form 130 (old Form 16) mid-year.
- Conclusion
- Employee submits Form 124 (old Form 12BB) by April (start of year), regime declaration, HRA, home loan, Sec 123 (old Sec 80C) estimate
- Employer updates payroll software with regime and deduction inputs
- Monthly TDS computed on estimated annual income, deducted each month
- If employee joins mid-year, collect Form 122 (old Form 12B; previous employer income) and aggregate
Form 130 (old Form 16): Part A and Part B Decoded
- Facts
- Form 130 (old Form 16) is the salary TDS certificate, the most important document for a salaried person's ITR. Most employees receive it but don't know how to use it. Part A shows TDS deposited with the government. Part B is the salary breakup prepared by the employer. Errors in Form 130 (old Form 16) cause ITR mismatches and demands.
- Provisions and law
- Sec 395(4) (old 203); Rule 215 (old Rule 31); TRACES system; Sec 392 (old 192(2B))
- Analysis
- Form 130 (old Form 16) Part A, what to check: (1) Employer TAN must match what's in your Form 168 (old Form 26AS). (2) Your PAN must be correct. (3) TDS amount quarter-wise must match your Form 168 (old Form 26AS) and AIS. (4) "Amount paid / credited" = your gross salary for each quarter. (5) If employer changed TAN mid-year (company restructuring): multiple Part As may exist. Form 130 (old Form 16) Part B, the salary breakup: Shows: Basic salary, HRA, special allowance, LTA, bonus, perquisites. Deductions: Sec 123, Income-tax Act 2025 (old Sec 80C) investments, Sec 126 (old Sec 80D) health insurance, home loan interest (24b), standard deduction ₹75K. Taxable salary after deductions. TDS schedule with advance tax if any. This is what flows into your ITR Schedule S (Salary) and should match your AIS salary figure. Common Form 130 (old Form 16) errors: (1) Old investments not included in Part B (employer didn't update after you submitted Form 124 (old Form 12BB)). (2) HRA exemption computed wrong (wrong city classification).
- Conclusion
- Receive Form 130 (old Form 16) from employer by June 15 (if not received: email HR immediately)
- Check Part A: TAN, your PAN, period of employment, TDS figures, match with Form 168 (old Form 26AS)
- Check Part B: salary breakup is complete, Basic, HRA, allowances, perquisites, bonus
- Verify deductions in Part B: Sec 123, 126, 22(1)(b) (old Sec 80C, 80D, 24(b)), NPS Sec 124 (old Sec 80CCD(2)), standard deduction ₹75K
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