Buyer Not Liable for Seller’s Tax Default: Supreme Court’s Landmark Principle on Input Tax Credit Introduction Input Tax Credit (ITC) is the backbone of every value-added indirect tax system. Whether under the earlier Value Added Tax (VAT) laws or the present Goods and Services Tax (GST) regime, ITC ensures that tax is levied only […]
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AIS Mismatch Notice: Meaning, Reasons, Legal Implications An AIS mismatch notice has become one of the most common and confusing communications issued by the Income Tax Department in recent years. Many taxpayers receive such notices even after filing returns honestly and paying due taxes. The reason is simple: the tax system today is data-driven,
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GST Advisory & FAQ on Electronic Credit Reversal and ITC Re claimed Statement & RCM Liability/ITC Reversal Statement Dec 29th, 2025 1. To ensure correct and accurate reporting of reversed and reclaimed ITC and to avoid clerical mistakes, Electronic Credit Reversal and Re-claimed Statement (Reclaim Ledger) was introduced on the GST portal from August 2023 return period onwards
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₹71 Lakh GST Demand from Facebook Posts: Lessons from Vasavi Wedding Case for Indian Businesses In today’s digital age, social media has become a powerhouse for marketing, especially for service-based businesses like event planners, wedding organizers, and small enterprises. A single Instagram Reel or Facebook post can showcase your work, attract clients, and boost sales.
71 Lakh GST Demand from Facebook Posts: Vasavi Wedding Read More »
How to Reply to GST Show Cause Notice (SCN): Simple 12-Step Guide for Every Business Published: December 6, 2025 | Kyna FinTax Associates | Delhi Receiving a GST Show Cause Notice (SCN) doesn’t mean trouble—it’s your chance to clear discrepancies with facts and law. This simple 12-step guide helps business owners resolve 95% of SCNs
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GST Rule 10A Update: Auto Suspension of Registration for Missing Bank Details (Dec 2025) Published: December 5, 2025 | Founder – Kyna FinTax Associates Starting December 5, 2025, the GST Portal now automatically suspends registrations for taxpayers failing to furnish bank account details as per Rule 10A. This applies to all except TCS/TDS/Suo-moto registrations. Suspension
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GSTR-3B Table 3.2 Locked from November 2025: The Complete GST Compliance Guide Published: December 5, 2025 | Founder – Kyna FinTax Associates | Delhi A seismic shift in GST compliance is here. Starting November 2025 tax period, Table 3.2 of FORM GSTR-3B becomes completely non-editable. This table – which reports your inter-state supplies to unregistered
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Lok Sabha Passes Central Excise (Amendment) Bill, 2025: A Detailed Analysis of Tobacco Tax Hike and Compliance Impact Published on December 4, 2025 | By Kyna FinTax Associates In a landmark decision aimed at sustaining government revenue and promoting public health, the Lok Sabha recently passed the Central Excise (Amendment) Bill, 2025, signaling a major
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Udyam Registration in Delhi: Process, Documents, Fees and Same-Day Certificate Udyam Registration has become a key requirement for small and medium businesses in Delhi. Whether you run your business from Mayapuri, Naraina, Kirti Nagar, Rajouri Garden, Janakpuri, Dwarka or any part of West Delhi, having an Udyam Certificate helps you access government benefits, loans, subsidies
Udyam Registration for MSMEs: Process, Documents, Benefits Read More »
GST Registration Services Across All Major Areas of Delhi Businesses across Delhi operate in diverse markets, from traditional retail clusters to modern corporate districts. Because of this variety, GST registration requirements and documentation needs often differ from area to area. Kyna FinTax Associates offers complete GST registration and business compliance services across every major
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