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For decades, an “invoice” was just a piece of paper you printed, signed, and couriered. Then, it became a PDF you emailed. Now, it is a piece of code validated in real time by the government. Welcome to the era of e-Invoicing. If your business turnover exceeds the government threshold (which has steadily dropped from […]

When you started your business, the Composition Scheme probably felt like a blessing. A flat 1% tax rate. No complex monthly filings. No headache of matching invoices. For a small neighbourhood kirana store or a local bakery, it is the perfect launchpad. But as your business grows, the “safe” option can start to become a

Years ago, the only reason you could have gotten an audit was if an officer thought your books had inaccuracies; however, now, it is more based on an algorithm. GST Network (or GSTN) is an automated, ~64,000 cross-verification database; its primary purpose is to identify discrepancies. It sends notifications when it detects discrepancies between your

Imagine walking down the street and dropping a ₹500 note. You would probably stop, look around, and try to find it, right? Now, imagine doing that every single month. For many businesses in India, unclaimed Input Tax Credit (ITC) is precisely that—money dropped on the floor that is never picked up. At CA Pavan Kumar

Every business owner knows what GST stands for, but very few can accurately explain what GST is. Since the introduction of the Goods and Services Tax in 2017, the business world has changed once again. For small and medium owners across the country, the GST still feels like a jumble of compliance, rates, and portals.

You have worked hard your entire life. You have contributed to the nation’s growth. Now, in your golden years, the last thing you want to worry about is complex tax software, OTPs, and changing passwords. At CA Pavan Kumar & Co., we understand that for many Senior Citizens (60+) and Super Senior Citizens (80+), the

“Can I just show fake rent receipts?” “Can I deposit this cash in my wife’s account so I don’t have to report it?” “Can I buy a bill to increase my business expenses?” In our 40 years of practice at CA Pavan Kumar & Co., we have heard these questions many times. And we understand

When do you visit a doctor? Ideally, you go for a regular checkup to make sure everything is okay. But realistically, most of us wait until we are in pain before booking an appointment. Unfortunately, many people treat their Chartered Accountant the same way. They only call when: At CA Pavan Kumar & Co., after

Selling a property is a milestone event. Maybe you sold an ancestral plot in Mysore, or perhaps you “cashed out” on an apartment in Whitefield that appreciated over 10 years. The money hits your bank account, and you feel great. But then, the question hits you: How much of this belongs to the Income Tax

You don’t have a 9-to-5. You don’t have a boss. And you certainly don’t have a Form 16 handed to you at the end of the year. Welcome to the world of freelancing! Whether you are a graphic designer, a software consultant, a content creator, or a yoga instructor, you are your own CEO. But