Sandeep Singh & Co.

10/01/2026

10 GST Red Flags You Must Know 👇

1️⃣ Mismatch between GSTR-1 & GSTR-3B
2️⃣ ITC claimed but supplier hasn’t filed GSTR-1
3️⃣ Excess ITC compared to turnover
4️⃣ Sudden spike/drop in sales or tax liability
5️⃣ Claiming ITC on blocked credits (Sec 17(5))
6️⃣ Nil returns with active e-way bills
7️⃣ Repeated late filing of GST returns
8️⃣ E-way bills not matching declared turnover
9️⃣ High-value invoices from risky / fake suppliers
🔟 Large refunds claimed without supporting documents

10/01/2026

Taxpayers Alert!

Income Tax CPC is wrongly charging extra interest u/s 234B & 234C in many AY 2025-26 ITRs — especially for capital gains, property sales & other non-TDS income.

The system treats gains as if they happened on April 1 and applies interest from the start of the year — which is incorrect!

"Interest u/s 234C should be computed only from the date of the transaction, not from the beginning of the year.

"Don't pay unnecessary interest!

What to do:
File rectification u/s 154
Submit revised ITR if needed
Keep proof of transaction dates & payments

Tag friends who might be affected!

Have you received such a wrong demand?

10/01/2026

10/01/2026

🚨 GST Officers at your door? DON’T PANIC! 😰

Section 71 (Access to Business Premises) is NOT a raid – it’s just a routine check!

Here’s the quick 30-sec cheat sheet:

✅ They MUST show written authorization from Joint Commissioner+
✅ Can come only during working hours
✅ You can demand ID + authorization letter (click a pic!)
✅ Your CA/consultant can stay with you
✅ No seizing goods without proper panchnama

Be calm, be polite, keep records ready – and it’ll be over in no time! 💪

Save this post & tag every business buddy who freaks out when GST knocks! 😉

10/01/2026

🚗📊 GST MARGIN SCHEME CLARITY | RULE 32(5) CGST RULES

Dealing in second-hand goods / used vehicles?
Here’s an important GST clarification you must know 👇

🔹 Rule 32(5) of the CGST Rules, 2017 allows registered dealers of second-hand goods to pay GST only on the margin:

> Selling Price – Purchase Price
✔️ Applicable only if no ITC is availed on purchase
✔️ If margin is negative → GST NIL

⚖️ Kerala AAR Ruling
M/s Goexotic Plus91 Motors Pvt. Ltd.
(Kerala Authority for Advance Ruling)

🧾 The applicant, engaged in trading of used motor vehicles, sought clarity on valuation under Rule 32(5).

🔍 AAR Held:
✅ Margin scheme under Rule 32(5) is applicable for sale of eligible second-hand vehicles
❌ Ruling not given for certain items where description was unclear

📌 Key Takeaway for Dealers:
✔️ Rule 32(5) benefit is available
✔️ Proper classification & documentation is crucial
✔️ No ITC + clear nature of goods = Margin scheme allowed

💡 Smart Compliance = Lower GST Liability