PennyWise Consultancy

💡 – Know Your Tax!
Swipe through these quick facts to level up your GST knowledge!
🔸 E-Way Bill is a must for goods movement over ₹50,000
🔸 HSN codes simplify goods classification under GST
🔸 Composition Scheme = Lower tax rates for small businesses (turnover under ₹1.5 Cr)

✅ Stay compliant. Stay informed.
📊 Brought to you by Pennywise Consultancy

📢 **BREAKING GST NEWS!**
🧑‍⚖️ **Landmark Judgment by Allahabad High Court**
🗓️ *May 30, 2025*
⚖️ *Case: M/s R.T. Infotech vs. State Tax Authorities*

🔥 **"Purchaser NOT Liable for Supplier’s GST Default"** 🔥

✅ ITC ALLOWED even if the supplier defaults!
✅ Payments via RTGS accepted as proof
✅ BUYERS are NOT responsible for supplier’s GST filings!

💥 **BIG WIN for GENUINE TAXPAYERS!**
This judgment protects honest businesses from unfair ITC denial. 💼

📌 **YOU CANNOT BE DENIED ITC IF:**
✔️ You have valid invoices
✔️ You paid via bank
✔️ Department has already taken action against the supplier

🧾 *Backed by key judgments:*
📍 *Suncraft Energy Pvt. Ltd. (SC, 2023)*
📍 *D.Y. Beathel Enterprises (Madras HC, 2022)*

🔐 **Know your rights. Share this with your clients.**
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💡 **GST 101: Know What’s Exempt!**
Not everything is taxed under GST! Here's a quick look at common exemptions that can save you money 💸👇

✔️ Fresh produce & cereals
✔️ School & college education
✔️ Healthcare services
✔️ Public transport (not cabs!)
✔️ Savings account interest
✔️ Electricity supply
✔️ Your salary

Stay informed, stay empowered! 💼📊

🏢💸 **Paying Society Maintenance? Know Your GST!**

Did you know GST @18% applies on monthly maintenance charges *only* if:
👉 You pay more than ₹7,500/month per member
👉 AND your RWA’s annual turnover exceeds ₹20 lakh

💡 If your charge is below ₹7,500 — **No GST at all!**
📌 If it exceeds ₹7,500, GST applies to the entire amount, not just the extra.

Stay tax-aware, stay smart!
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💡 GST 101: Property Insight
Thinking of buying a ready-to-move-in home? 🏠
Here's a smart tip: No GST is applicable if the completion certificate is issued before the sale.
Stay informed, save more! 💸

“We’ve expanded our presence! Our new physical office is a testament to our commitment to growth and excellence. ”

🔔 Friendly Reminder 🔔

📚 The Annual bloodletting is just around the corner ——— Income Tax Filling!!!

👉🏻 Don’t forget to take benefits of special offer on our various Financial Services including Filling Income Tax Return.

⏳Last Day to File your Income Tax Return & Last Day to avail our Special offer: 31st December, 2021.

We hope these savings can fund your New Years Plans 🙈💸😍