Figment Global Solutions Private Limited

EVC or DSC? 🤔

Which one should you use for GST Return Filing?

Many taxpayers think EVC and DSC are the same—but they serve the same purpose in different ways.

In this reel, you'll learn:
✅ What EVC (Electronic Verification Code) is
✅ What DSC (Digital Signature Certificate) is
✅ Key differences between EVC and DSC

Choosing the correct verification method is essential for smooth and compliant GST return filing.

🎥 Watch till the end to avoid common mistakes.
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📤 Share it with your accountant, GST practitioner, or business owner friends.

💬 Comment "GST" if you have any questions about this.

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Here's a professional and engaging Instagram caption for your reel:

🚨 Myth: "No TDS was deducted, so I don't need to file my ITR."

❌ Not necessarily!

Many taxpayers believe that if their entire income is credited to their bank account without any TDS deduction.

ITR filing is not required, but that's a common misconception.

TDS deduction and ITR filing are two different concepts.

You may still be required to file your ITR if:

✅ Your total income exceeds the basic exemption limit under the applicable tax regime.

✅ You want to claim an income tax refund.

✅ You have business or capital losses that you wish to carry forward.

✅ You have deposited ₹1 crore or more in one or more current accounts during the financial year.

✅ Your electricity expenditure exceeds ₹1 lakh during the financial year.

✅ Your foreign travel expenditure exceeds ₹2 lakh during the financial year.

✅ The aggregate of TDS and TCS is ₹25,000 or more during the year (₹50,000 or more in case of a resident senior citizen).

✅ Your total savings bank account deposits are ₹50 lakh or more during the financial year.

✅ You satisfy any other condition prescribed under the Income-tax Act, 1961/Income-tax Act,2025.

📌 Don't decide whether to file your ITR based only on your TDS status. Always evaluate your tax liability and filing eligibility before skipping your return.

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📤 Share it with someone who still believes this myth.

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🚨 The Hidden Reason, Your ITC May Be Denied:

Think collecting a GST invoice is enough?
Think again.

Your Input Tax Credit (ITC) can become ineligible if your supplier:

❌ Doesn't file GSTR-1 or upload your invoice.
❌ Doesn't file GSTR-3B.
❌ Files GSTR-3B but fails to pay the GST collected to the Government.
❌ Becomes a non-compliant or defaulting supplier.

Even if you've paid your supplier including GST, your ITC can still be at risk if the supplier fails to comply with GST provisions.

✅ Don't rely only on invoices.
✅ Regularly reconcile your GSTR-2B.
✅ Monitor your suppliers' GST compliance.
✅ Follow up with defaulting vendors immediately.
✅ Deal with GST-compliant suppliers to protect your ITC.

A small compliance check today can save a big tax loss tomorrow.

📞 +91 9405446633
📧[email protected]

Save this reel for future reference and share it with every business owner, accountant, and GST professional.

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⚠️ Making both Taxable and Exempt Supplies?
Don't Lose Your ITC!

If your business makes both taxable and exempt supplies, you cannot claim the full Input Tax Credit (ITC) on common expenses.

Common expenses such as rent, electricity, internet, office expenses, and professional fees may require proportionate ITC reversal under GST.

❌ Claiming the entire ITC without applying the GST rules can lead to interest, penalties, and GST notices.

📌 Save this post for your next GST filing.
📤 Share it with business owners, accountants, and GST professionals.

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Our Commitment is Your Compliance. 🤝📊

At Figment Global Solutions, we're committed to making tax compliance simpler, smarter, and stress-free.

✅ Efficient Solutions
⚙️ Accurate & Automated Processes
📈 Reliable Compliance Support
🎧 Seamless Customer Assistance

Whether it's GST, TDS Compliance and Litigation, we're here to help your business stay compliant with confidence.

Let us handle the complexities while you focus on growing your business. 🚀

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💬 Connect with us today for hassle-free tax compliance solutions.

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⚡ Can you answer these GST questions?😎

Welcome to Figment's GST Rapid-Fire Challenge! 🚀

Watch this GST knowledge test with quick questions, quick thinking, and plenty of fun! 🤩

Think you know GST as well as they do?

Drop your score in the comments! 👇

💬 Challenge your CA friends, accountants, tax professionals, and business owners by tagging them below.

📌 Follow for more GST quizzes, tax updates, compliance tips, and informative content.

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GST compliance doesn't have to be complicated. It just needs the right partner.

From GSTR-1 & GSTR-3B Automation to IMS Management, ITC Reconciliation, E-Invoice & E-Way Bill Reconciliation, Vendor Compliance, GSTR-6, GSTR-7, and GSTR-9/9C GSTCPC helps you manage every compliance requirement from one powerful platform.

✅ Reduce manual work
✅ Improve accuracy
✅ Save valuable time
✅ Stay compliant with confidence

Whether you're a CA, Tax Consultant, Accountant, or Business Owner, GSTCPC is designed to simplify your GST journey.

Book a Demo Today!

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🚨 Has your business crossed the turnover threshold?

Your GST compliance may have changed without you realizing it! ⚠️

In this reel, we explain:
✅ When Monthly GSTR-1 filing becomes mandatory
✅ When E-Invoicing is compulsory
✅ Who needs to comply

Don't assume your old compliance cycle still applies. A change in turnover can trigger additional GST obligations.

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💬 Comment "COMPLIANCE" if you have any questions.

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💰 **TDS deducted from your salary? Don't worry—you can claim its full benefit while filing your Income Tax Return (ITR)!**

Many salaried taxpayers assume that once TDS is deducted, there's nothing else to do. But to ensure you receive the correct tax credit or any eligible refund, you should:

✅ Check your **Form 26AS** or **AIS** to verify that the deducted TDS is correctly reflected.
✅ Match the TDS amount with your **Form 16**.
✅ Report your income accurately while filing your ITR.
✅ Review the auto-populated TDS details before submitting the return.
✅ Complete **e-Verification** after filing your ITR to speed up refund processing.

📌 If excess TDS has been deducted, the Income Tax Department will process your **refund** after your return is successfully filed and verified.

💬 Have questions about TDS or ITR filing? Drop them in the comments!

Contact us on:
📞 +91 9405446633
📧 [email protected]

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🚨 What is IMS (Invoice Management System) on the GST Portal?

IMS (Invoice Management System) is a powerful feature on the GST Portal that helps recipients manage supplier invoices before claiming Input Tax Credit (ITC).

With IMS, you have 4 possible actions:

✅ Accept – Confirm the invoice for ITC.
❌ Reject – Reject incorrect or ineligible invoices.
⏳ Keep Pending – Hold the invoice for review and take action later.
✔️ No Action – If no action is taken within the prescribed timeline, the invoice is **deemed accepted** as per the IMS rules.

🎥 In this reel, we explain:
• What IMS is
• All four invoice actions

Understanding IMS can help you avoid ITC mismatches and make GST compliance more accurate and efficient.

💬 Have a question about IMS?

Drop it in the comments—we'll answer it.

📲 Follow for easy-to-understand GST updates, practical compliance tips, and the latest tax insights.

Contact us on:
📞 +91 9405446633
📧 [email protected]

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