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(2)

22/08/2026

Kya Belated ITR file ho sakti hai ??

21/08/2026

GST inspection
Jail ya bail...

#

21/08/2026

Old Regime ya New regime..

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20/08/2026

Stock Godown me hai???

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GST ITC: Two Supreme Court Orders Every Business Should KnowRecent Supreme Court rulings in Bhandari Scrap and Safecon L...
20/08/2026

GST ITC: Two Supreme Court Orders Every Business Should Know

Recent Supreme Court rulings in Bhandari Scrap and Safecon Lifesciences highlight two different sides of GST ITC litigation.

🔹 Bhandari Scrap: Supplier tax payment can directly impact ITC eligibility under Section 16(2)(c).

🔹 Safecon Lifesciences: An ITC dispute or supplier default does not automatically mean fraud or justify invoking Section 74 mechanically.

For businesses, this makes vendor due diligence and documentation more important than ever.

✔️ Track GSTR-2B and vendor compliance
✔️ Maintain invoice-wise records
✔️ Preserve e-way bills and delivery evidence
✔️ Keep proper payment trails
✔️ Review Section 73/74 notices carefully

The key lesson: ITC eligibility and fraud proceedings are two different questions.

Save this post for your GST compliance checklist and share it with your finance team.

🌐 www.gstguy.com

For educational and informational purposes only.

20/08/2026

AIS Vs Form 26AS

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19/08/2026

Eway bill
8 day Mandatory
Demand Quashed...

19/08/2026

Foriegn Payment Warning...

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💰 Is Rule 86B affecting your business? Don't let compliance mistakes block your working capital.Before paying an additio...
19/08/2026

💰 Is Rule 86B affecting your business? Don't let compliance mistakes block your working capital.

Before paying an additional 1% GST in cash, make sure you:

✔️ Check your monthly turnover

✔️ Verify whether any exemptions apply

✔️ Review your ITC utilization

✔️ Consult a GST professional

Understanding Rule 86B can help you avoid unnecessary cash outflows and make better GST decisions.

Swipe through the carousel to understand how Rule 86B actually works.

🌐 www.gstguy.com

18/08/2026

One small invoice. One big GST liability. ⚠️

A Delhi trader believed his annual turnover was still within the ₹40 lakh GST registration threshold.

Then a ₹500 invoice issued on 31 March changed everything.

The invoice remained unnoticed for three months, but the GST registration liability had already been triggered.

This case is a reminder that when your turnover is close to the registration limit,every single invoice matters.

✔️ Monitor your turnover regularly.

✔️ Track every sale carefully.

✔️ Review year-end transactions before filing returns.

Ignoring even a small transaction can lead to penalties, interest, and compliance issues.

Need help with GST compliance? Contact us today.

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