A J Parekh & Co.

02/09/2026

🚨 Getting GST notices despite running an honest business? Here is the "tax trap" catching young entrepreneurs off guard. 👇
Under Section 155 of the GST Act, if your supplier vanishes or defaults, the tax department doesn’t have to prove you did anything wrong. Instead, YOU have to prove your Input Tax Credit (ITC) is 100% genuine. 🤯
The law is brutal: Prove you’re entitled, or lose it.
Operating in "good faith" won't save you from heavy reversals and penalties. What will? An impenetrable shield of evidence at the time of purchase:
✅ Valid Invoices
✅ E-way Bills & Delivery Proofs
✅ Clear Bank Payment Trails
✅ Perfect GSTR-2B Reconciliations
Don't wait for a Show Cause Notice to panic. Build your compliance shield today so you can focus on scaling your startup, not fighting tax notices. 🛡️📈
Hit 'Follow' for more essential business defense strategies, and send us a DM to bulletproof your GST compliance! Let A J Parekh & Co. handle the law, while you handle the growth. ⚖️✨

27/08/2026

Received a GST notice and instantly stressed out? 🛑 Take a deep breath — not every tax notice is a penalty or an accusation.
​Most taxpayers panic the moment they see a formal communication from the department, but knowing the exact stage of enforcement can save you time, stress, and unnecessary penalties.
​Here is what each stage actually means for your business:
​1. Advisory / Scrutiny Notice (ASMT-10): A simple mismatch alert. No demand is created yet — usually resolved with a clear, documented explanation.
​2. Summons (Section 70): An investigative call for records and statements. It’s a formal request for documentation, not an order to pay.
​3. Pre-Notice Intimation (DRC-01A): A tentative calculation shared as a courtesy before any formal demand is raised.
​4. Show Cause Notice (SCN - Section 74): The official legal proceeding begins here. You have the full right to a written reply and a personal hearing before any final order is passed.
​Navigating compliance correctly from Step 1 prevents issues from escalating to Step 4.
​📩 Got a notice you're unsure how to handle? Send us a DM or contact A J Parekh & Co. today for expert legal guidance and structured representation.
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26/08/2026

The GST notice has a deadline. Your rights do too. ⚖️

Received a GST demand under Section 73? Don’t just look at the tax amount—check the limitation period first. ⏳

For non-fraud cases, Section 73(10) provides a 3-year limit for passing the order, calculated from the due date of the annual return. If the statutory timeline is missed, the demand may become time-barred and legally challengeable.

📌 Before paying or appealing a GST demand, verify:
✅ Date of annual return due date
✅ SCN date
✅ Order date
✅ Applicable limitation period
✅ Whether Section 73, 74 or 74A applies

One missed date can change the entire GST case.

If you have received a GST SCN, demand order or ITC-related notice, get the limitation period checked before taking the next step.

A.J. Parekh & Co. — Advocate & Tax Consultant
We advise. You save. Together we grow.

26/08/2026

GST liability doesn't die with the taxpayer. ⚖️📚

What happens when a proprietor dies, a business is continued, a firm is dissolved, or an HUF is partitioned?

Section 93 of the CGST Act, 2017 answers a question many taxpayers—and even businesses—often overlook:

WHO IS LIABLE FOR THE TAX, INTEREST & PENALTY?

From death of a proprietor to HUF/AOP partition, partnership dissolution and termination of guardianship/trust, Section 93 can have serious practical consequences.

👉 Save this post for your GST reference.
👉 Share it with a businessman, CA, tax professional or legal practitioner who should know this.
👉 Follow A J Parekh & Co. for practical, easy-to-understand insights on GST, Income Tax & business compliance.

Know the law. Protect the business. Avoid costly mistakes. ⚖️

12/08/2026

Got US RSUs? 🇺🇸💰
You may have more than one tax liability in India. 👀
RSU vesting + share sale + dividends + DTAA + Foreign Assets…
One mistake can become an expensive mistake.
📌 Save this. Share it with someone holding US stocks.
Need a quick RSU tax check?
DM “RSU” 📩
A J Parekh & Co.
Advocate & Tax Consultant

04/08/2026

Did you know your GST registration can be cancelled even if you didn’t apply for it? 🛑
Section 29 of the CGST Act holds the power to pause or shut down your GSTIN. Here is what every business owner needs to know before it impacts their operations:
📌 Voluntary vs. Forced Cancellation
Closing down or changing your business structure? You can apply voluntarily. BUT if you skip returns for continuous tax periods, the Proper Officer can initiate suo motu cancellation.
🛡️ The Suspension Shield
While cancellation proceedings are pending, your GSTIN gets suspended—giving you temporary relief from filing routine returns.
⚠️ Past Dues Never Die
Cancelling your GSTIN doesn’t wipe the slate clean. Past tax liabilities, interest, and penalties remain fully payable.
🔄 ITC Reversal on Closing Stock
Before wrapping up, you must reverse the Input Tax Credit (ITC) claimed on remaining stock and capital goods as per Rule 44.
Check out the breakdown above where Nyayendra simplifies all 6 subsections of Section 29! 🐘✨
💾 SAVE this post for quick reference!
📲 SHARE this with a business owner who needs to stay compliant!
💬 Have questions on GST notices or cancellation? Drop them in the comments below!

04/08/2026

Stop scrolling if you own a company or invest in shares! 🛑 Tax rules for shareholder loans & share buybacks have completely changed. 💸
Are you aware of Deemed Dividends under Sections 2(22)(e) & 2(22)(f)?
🚨 Sec 2(22)(e): Taking a loan from your own closely held company? It might be taxed as a dividend if you hold \ge 10% voting power!
📉 Sec 2(22)(f): Tendering shares in a buyback? The entire payout is now taxed as income at your slab rates!
Check out the breakdown above for complete details, live examples, and key differences! 📑✨
📌 SAVE this post before your next tax return!
✈️ SHARE this with a business partner or investor who needs to see this!
💬 Drop your tax questions in the comments below! 👇

27/07/2026

“Income above ₹50 lakh?
Schedule AL isn’t just a form — it’s your financial transparency statement.
Let your wealth speak compliance. 💼✨
AJParekhAndCo makes disclosure simple, accurate, and audit‑ready.”

04/07/2026

🚨 **5 HARSH Truths Your Consultant Won’t Tell You (But We Will!)** 🚨
Running a business isn’t just about making sales—it’s about surviving the legal and financial traps that can drain your hard-earned money overnight! 💼💸
If you want to protect your hard work and scale securely, you need to know these 5 ultimate rules:
* **1. Paper Profit \neq Real Profit:** Your “profit” on paper is absolutely not your real profit. You must track your actual cash profit, not just what your book profit shows.
* **2. The GST Trap:** Remember, GST is not your money, ever! Open a completely separate bank account, park your GST collections there, and never touch it until it’s time to pay.
* **3. Structure Wisely:** One wrong decision in your business structure can cost you lakhs. You must structure your business properly *before* you scale, not after it’s too late.
* **4. Build Your Legal Shield:** A board resolution is your ultimate legal shield. Ensure you document every single major business decision, even if you are operating a small company.
* **5. The True Cost of Ignorance:** Your absolute biggest business cost is non-compliance. Spending a small amount like ₹15,000 a month on compliance can save you over ₹5,00,000 in terrifying legal notices later.
💡 **Know the rules. Grow the business.**
Don’t let avoidable mistakes shut down your entrepreneurial dream. Let the legal and financial experts handle the paperwork while you focus on building your empire! 🔥
📞 **Get Professional Guidance Today:** 8200257345
📩 **Email Us Your Queries:** [email protected]
🏢 **A J Parekh & Co.** | Advocate & Tax Consultant

03/07/2026