GST for Construction Industry — Complete Compliance Guide (Builders, Contractors & Developers 2025)
Introduction: The ₹38 Lakh GST Demand That Shocked a Small Builder Ramesh’s story (real case, name changed): Ramesh runs a mid-sized construction business in Bangalore. He builds residential apartments (₹25 crore projects). April 2024: GST Notice arrives: Section 73 (Show Cause Notice) — demanding ₹38 lakhs (₹28L tax + ₹10L penalty + interest). Ramesh’s shock: […]
GST Anti-Evasion — Complete Defense Guide for Businesses (How to Respond, What to Prepare & Common Triggers 2025)
Introduction: The 10 PM Phone Call That Changed Everything Sameer’s story (real case, name changed): 10:15 PM, FridaySameer, founder of a ₹12-crore manufacturing business, receives a call from an unknown Delhi number. Caller: “This is GST Anti-Evasion Wing. We need to verify some transactions. Can you come to our office on Monday with all your […]
How to Handle GST Summons — Complete Founder’s Guide (Do’s, Don’ts & Response Strategy 2025)
Introduction: The 3 AM Email That Terrifies Every Founder Rahul’s story (real case, name changed): 3:15 AM, TuesdayRahul, founder of a ₹5-crore e-commerce business, wakes up to check emails (entrepreneur insomnia). Subject: “Summons u/s 70 of CGST Act – Appearance Required – 7 Days” His heart races. Questions flood his mind: He doesn’t sleep the […]
LUT Filing for Exporters — Complete 2025 Guide (GST Zero-Rated Supply Made Simple)
Introduction: The ₹50,000 Mistake 70% of Exporters Make Every April Real scenario (happens every year): April 5, 2025A Bangalore-based SaaS startup invoices their first US client of the new financial year: $10,000 (₹8.5 lakhs). Founder thinks: “We’re exporters, GST is 0%.” Invoice raised at 0% GST. Payment received. Everyone’s happy. July 2025GST notice arrives: “Export […]
Export of Services — Complete GST, Income Tax & FEMA Guide (2025 Edition)
Introduction: India’s Service Export Boom & The Compliance Gap India’s service exports have crossed $340+ billion annually (FY 2023-24), making the country a global powerhouse in: Who’s driving this growth? But here’s the problem: Every month, thousands of service exporters—from solo freelancers to established agencies—make costly compliance mistakes: ❌ Paying 18% GST unnecessarily (when it […]
Year-End Books Closing Checklist for SMEs – Your Complete Guide to Clean, Audit-Ready Financials
Introduction: Why Year-End Closing Determines Your Business Health Most Indian businesses treat year-end book closing as a routine accounting task – something to rush through so they can file their returns and move on. This is a costly mistake. Year-end book closing isn’t just about compliance. It’s your business’s annual health report that determines: In […]
Presumptive Taxation vs Normal Taxation – Which System Saves You More Tax in 2025?
Introduction If you’re a small business owner, freelancer, consultant, or professional, you’ve likely asked yourself: Should I opt for presumptive taxation or stick with normal taxation? This isn’t just an accounting question – it’s a strategic financial decision that affects: Choose wrong, and you could end up paying unnecessary taxes, missing legitimate deductions, or creating […]
GST for Traders – Critical Mistakes That Inflate Your Tax Liability
Introduction If you run a trading business – whether you’re a wholesaler, distributor, importer, exporter, or multi-state trader – you’re already on the GST department’s radar. Why? Because tracking physical goods is far easier than tracking services. Your business involves: Each of these creates potential compliance gaps that can trigger notices, block your working capital, […]
GST for Service Providers – The Complete 2025 Practical Guide
Introduction: Why This Matters to You Running a service business in India? Whether you’re a freelance consultant, digital agency owner, IT professional, or startup founder, GST isn’t just another compliance checkbox—it directly impacts your cash flow, client relationships, and audit risk. Here’s the uncomfortable truth: Service providers face more GST scrutiny, make more costly mistakes, […]
The Hidden E-Way Bill Mistakes Costing Indian Businesses Lakhs in Penalties
The ₹2 Lakh Mistake That Could Have Been Avoided Last month, a Bangalore-based electronics distributor lost ₹2.18 lakhs in a single day. Not due to fraud. Not due to tax evasion. But because their delivery vehicle was stopped at a state border checkpoint with an expired E-Way Bill. The goods were worth ₹4.36 lakhs. The […]
