Kavya Praveen

04/12/2025

FINAL POST DRAFT — Advance Tax Mistake That Cost My Client Thousands

Last week, a client came to me with a total income of ₹20 lakhs.

✔ Salary: ₹15 lakhs (TDS deducted)
✔ Interest Income: ₹4 lakhs
✔ Other Income: ₹1 lakh
✔ TDS on Interest: 10% only

Now here’s the catch 👇
Since he was already in the 30% slab, the interest income of ₹4 lakhs and the additional ₹1 lakh income were also taxable @ 30%.
But only 10% TDS was deducted by the bank on the interest income.

📌 Balance 20% tax was still payable by him — and it was NOT paid on time.

Result?

He ended up paying heavy penal interest under Sections 234B & 234C because his tax liability exceeded ₹10,000 and he did not pay advance tax.

⸻

🛑 Don’t Make This Costly Mistake

If your tax liability for the year is likely to exceed ₹10,000, you MUST pay advance tax.

Next Deadline: 15th December

Pay at least 75% of your total tax liability before this date to avoid interest.

03/12/2025

Planning a Cloud Kitchen? Read the GST Basics First 👇

Cloud kitchens are treated as restaurant services under GST.
Here’s the simplest breakdown:

🍽️ GST Rate
Cloud kitchens charge 5% GST (No ITC allowed).

🧾 Composition Scheme (Optional)
You can opt for composition if turnover is ≤ ₹1.5 crore.
But note:
• GST rate = 5% (no ITC)
• Cannot sell via Zomato/Swiggy if in composition
• Must issue Bill of Supply (not tax invoice)
• No interstate supply

🛵 Selling through Zomato/Swiggy?
You don’t need GST registration just because you list on the app.
For restaurant services, Zomato/Swiggy pay the GST under Section 9(5).
Register only if total turnover crosses ₹20 lakh.

📦 Selling Directly (WhatsApp / Website / Own Delivery)?
Then you must charge 5% GST (no ITC).
If turnover (direct + app) crosses the threshold → GST registration required.

🧾 Billing Rules
• Unregistered: Issue Bill of Supply
• Registered normal restaurant: Issue Tax Invoice
• Composition dealer: Issue Bill of Supply

💰 TCS/TDS Clarification
For restaurant services via Zomato/Swiggy:
👉 No TCS is deducted, so no credit appears in GSTR-2A/2B/7.

Cloud kitchens are booming — understanding these basics keeps compliance simple and stress-free.

GSTRegistration CompositionScheme SmallBusinessIndia StartupIndia TaxCompliance CompanySecretary KavyaPMittal

30/11/2025

⏳ A GST Story Every Business Owner Should Hear Today

It was 30th November, late evening, and time was quietly slipping away.
I sat across from a client — books half-open, old invoices scattered on the table.
He frowned and said, “Why are you so stressed? I’ll file it later.”

I leaned forward and told him calmly:
“Because this isn’t just another return deadline.
This is about your money — the input tax credit lying unclaimed in your 2B.”

Under GST rules, ITC for the entire financial year can be claimed only till 30th November (or filing of annual return, whichever is earlier).
And practically — today is the final cut-off.

After tonight?
❌ Any unclaimed ITC simply expires. No second chances.

He looked at his invoices again — this time with panic instead of boredom.

I said, “You still have a few hours. If you have pending ITC, file your return now.
Because once the clock hits midnight… that credit is gone forever.”

Sometimes, the costliest losses happen quietly —
not due to mistakes, but due to delay.

TaxCompliance GSTIndia Finance BusinessOwners TaxTips CompanySecretary KavyaPMittal

28/11/2025