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I'm a Chartered Accountant with 13+ years of experience in finance, taxation, and MSME consulting. I worked with leading industries and with the Vyapar Group, helping businesses simplify their accounting and financial operations. Designation: Chartered Accountant, FCA Membership Number (MRN): 418428 City: Raipur, C.G
Introduction As the financial year comes to a close, March becomes one of the most important months for GST compliance. Businesses must ensure that their sales data, tax liability, and input tax credit records are properly reconciled before filing returns. Missing deadlines at this stage can create complications during year-end closing and reconciliation for FY…
Introduction Many business owners look at their Profit & Loss statement and feel one of two things: confusion or false confidence. Confusion because the numbers don’t “feel real”. False confidence because sales look good, so everything must be fine right? Here’s the truth: Your P&L statement is not an accounting document. It’s a story about…
Introduction Moving goods without the right paperwork is one of the fastest ways for a business to land in trouble under GST. Among all compliance requirements, e-way bills are the most visible and the most strictly enforced. Trucks get stopped. Goods get detained. Penalties get imposed on the spot. What makes this tricky is that…
Introduction GST compliance doesn’t usually fail because businesses don’t pay tax. It fails because records don’t match. One of the most common problem areas is reconciling GSTR-2A with books of accounts. Many businesses assume that if purchases are recorded in their accounting software, input tax credit (ITC) will automatically be allowed. That assumption is what…
Introduction E-invoicing under GST is no longer a niche compliance meant only for large corporations. Over the years, the government has steadily expanded its scope, bringing thousands of mid-sized businesses into the system. Today, many owners first realise they’re covered only when their accountant says, “You need to generate IRNs now. ”Under Section 31 of…
Introduction If you run a business under GST, you already know one truth: GST return filing is non-negotiable. And among all the GST forms, GSTR3B is the one that you absolutely cannot ignore. Whether you’re a trader, service provider, manufacturer or online seller GSTR3B is the return where you report monthly GST liability and pay…
Introduction Gold has always held a special place in India emotionally, culturally, and financially. Whether it’s 22 carat jewellery for weddings, 24 carat coins for investment, or gold bars purchased by traders, one common question keeps coming up: what is GST on gold today? With prices touching ₹1,30,480 per 10 grams in many regions, understanding…
Introduction If you handle salaries, vendor payments, rent, contractor bills, or professional fees, there’s one system you simply cannot ignore: TDS, or Tax Deducted at Source. It’s one of those things everyone knows is important, but very few understand properly. Most businesses only think about TDS when a notice arrives, usually because of missed deadlines,…
Introduction In business transactions, two documents appear in almost every deal: the purchase order and the invoice. They look similar, both involve numbers, and both connect buyers and sellers. But the truth is, they serve completely different purposes. A purchase order is created by the buyer to formally request goods or services at agreed terms….
Introduction Your goods may be packed and ready, but without an E-way bill, they are going nowhere. Think of an E-Way Bill like a train ticket for your goods. Just as a passenger cannot travel without a ticket, goods worth more than ₹50,000 cannot move on roads without an E-Way Bill. It is basically a…
Introduction Ever noticed those random numbers printed next to items on a GST invoice? That’s not a secret code; it’s called an HSN code, and it quietly decides how much tax you pay. Whether it’s a packet of biscuits, a T-shirt, or a mobile phone, every product in India has a unique HSN code under…
Introduction Have you ever noticed your salary slip showing a deduction called TDS, or paid a little extra tax when buying a car? That’s how India’s Income tax system collects its share either through TDS (Tax Deducted at Source) or TCS (Tax Collected at Source). The idea is simple in TDS, tax is deducted when…
Introduction Ever wondered why your ₹100 shampoo suddenly costs ₹105? Or any food essentials suddenly dropped in price? That extra ₹5 is your GST, and all the rates just changed. No need to worry because these changes benefit you and do not burden you. On 22 September 2025, the government revised these tax slabs to…
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