Ledger Crafter

Ledger Crafter At Ledger Crafter, we are committed to delivering exceptional financial and legal solutions.

Our company stands at the forefront of professional services, offering expert guidance in the realms of accounting, legal advice, and corporate compliance.

17/06/2026

A small clerical mistake in the vehicle number on an e-way bill should not automatically lead to heavy penalty.
As per Circular No. 64/38/2018-GST, minor mistakes of 1 or 2 characters/digits may attract only a general penalty instead of heavy penalty.
In this case, 200% penalty was imposed during road checking, but the penalty was later reduced to zero in appeal based on the circular.
Clerical error and fraud are not the same. Keep proper records and take legal remedy where required.
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13/06/2026

Humne ek complete ITR filing guide banayi hai for AY 2026-27 — aur ye free de rahe hain. 👇
Inside the guide: – New vs Old regime — which one’s right for you – All tax slabs and rates in one place – Deductions most people forget to claim – What to check in every income source — salary, business, property, capital gains – Capital gains tax rates — shares, property, mutual funds – AIS & TIS explained — and why they must match your ITR (this is where most notices come from) – How to file in a way that minimises the chance of a notice
Want it? Follow + DM ‘ITR’ — I’ll send it across. Free.

09/06/2026

Haryana has officially notified the One Time Settlement Scheme 2026 — effective 1st June 2026
Key benefits:
1. Dues up to ₹1 lakh in any year — fully waived. No application needed.
2. Interest and penalty — 100% waived for every applicant.
3. Tax waiver — 60% on dues up to ₹10 lakh, 50% up to ₹1 crore (slab-wise). Under HGST 1973, up to 70% tax waiver.
Window — only 120 days from 1st June 2026.
This may be the final chance to close decade-old VAT cases.
📩 DM ‘VAT’ — I’ll review your case and tell you exactly how much you’ll have to pay. Follow for updates
Link for official notification is :

https://haryanatax.gov.in/HEX/DownloadPDF?formName=/Notifications/OTS26Final.pdf

03/06/2026

The invoice, actual supplier and goods movement should match properly.
In this case, the goods were being picked from one place, but the invoice was taken from another supplier. That supplier was already under the department’s watch, and the information reached the officers.
A wrong supplier or mismatch in goods movement can put the entire vehicle at risk of detention or seizure.
Follow for more real GST road check stories.

29/05/2026

From 15 June 2026, two important updates are coming on the e-way bill portal.
In Bill-to / Ship-to transactions, the GSTIN of the Ship-to party will also be captured. If the Ship-to party is unregistered, URP will have to be mentioned.
Another important update is the e-way bill closure facility. Once delivery is completed, the e-way bill can be closed by the supplier, recipient, transporter, or authorised person.
Initially, this facility will be voluntary, but businesses should start updating their billing process, transport team, and software because this data may be used for future reconciliation and tracking.
Save this reel and follow for practical GST updates.
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23/05/2026

A client’s truck was stopped during a GST road check and the officer threatened a ₹5 lakh penalty.
The reason?
The goods being transported were allegedly not covered by the HSN codes mentioned in the GST registration.
But here’s the legal reality:
A wholesale business may deal in multiple products, while GST registration often captures only the primary commodities/business activities.
That does not mean transporting other genuine business goods automatically becomes illegal.
Understanding the law and responding correctly can prevent unnecessary detention, penalties, and harassment.
The biggest lesson in GST road checks:
Panic less. Know the law more.
Save this reel — it may help during your next GST inspection.

20/05/2026

During a GST roadside inspection, officers checked an entire truck carrying goods belonging to multiple parties.
Everything matched — except 2 spark plugs worth ₹50 that had no invoice.
The officer’s initial stand:
No invoice for one item means the entire truck is defective, and penalty should apply on the full consignment.
But legally, that is not how it works.
If one item is undocumented, it does not automatically invalidate the invoices of all other properly documented goods.
At most, action can be limited to the undocumented goods, not the entire truck.
Knowing the law during GST road checks can save businesses from unnecessary penalties and wrongful detention.
Save this reel — one small mistake should not become a big liability.
Follow for more real GST roadside inspection cases.

16/05/2026

A client came to me 6 months late, carrying a tax order of nearly ₹1 crore.
His business model was simple — he worked as a money transfer commission agent, collecting cash from customers and making bill payments or bank transfers on their behalf.
Total cash deposited in the year: ₹1.5 crore
Actual income earned: just 1% commission
But when the Income Tax Department questioned the source of cash deposits, the notice went unanswered.
Result?
The case was completed under Section 144 (Best Judgment Assessment), and the entire cash deposit was treated as his income.
We then filed an appeal before the CIT(A) along with a condonation of delay application, explaining that the deposits belonged to customers and only the commission was real income.
The first hearing changed everything.
Part 2 coming next.
Follow to know what happened in the appeal

12/05/2026

Wipro has announced a buyback at ₹250 per share, while the market price is around ₹200 — creating an apparent 25% opportunity.
But the real question is: how much will you keep after tax?
Tax treatment depends on your holding period and category:
• Short-term investors: gains may attract short-term capital gains tax
• Long-term investors: gains may qualify for long-term capital gains tax
• Promoters / specified holders: tax implications may differ based on applicable provisions
Tax planning can significantly impact your actual return from a buyback.
Before making a buyback decision, always calculate the post-tax profit, not just the headline spread.
Comment “WIPRO” if you want my view on whether this buyback opportunity makes sense

09/05/2026

Taiwan solved a major tax compliance problem with a surprisingly simple idea: turn every shopping bill into a lottery ticket.
Back in 1951, the government noticed that many small businesses were not issuing bills and underreporting sales.
Instead of relying only on penalties, Taiwan introduced an incentive-based tax system.
Every invoice carries a unique number, and every two months the government runs a lottery.
Customers can win cash prizes — from small rewards to big jackpots.
The result?
Customers started demanding bills, businesses were forced to issue them, and tax compliance improved significantly.
It changed the system from penalty-driven to reward-driven compliance.
A powerful policy lesson:
Sometimes incentives work better than enforcement.
Do you think a similar invoice lottery model could work in India under GST?
Comment your opinion.

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