S S Rawat & Associates

🔔 𝐈𝐂𝐀𝐈 𝐑𝐞𝐥𝐞𝐚𝐬𝐞𝐬 𝐑𝐞𝐯𝐢𝐬𝐞𝐝 𝐇𝐚𝐧𝐝𝐛𝐨𝐨𝐤 𝐨𝐧 𝐉𝐨𝐛 𝐖𝐨𝐫𝐤 𝐮𝐧𝐝𝐞𝐫 𝐆𝐒𝐓 (𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟔)⁣⁣
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The GST & Indirect Taxes Committee of ICAI has released the 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐇𝐚𝐧𝐝𝐛𝐨𝐨𝐤 𝐨𝐧 𝐉𝐨𝐛 𝐖𝐨𝐫𝐤 𝐮𝐧𝐝𝐞𝐫 𝐆𝐒𝐓 (June 2026 Edition), updated up to 31 May 2026. It provides practical guidance on job work provisions, ITC, documentation, GST ITC-04, e-Way Bill requirements, applicable GST rates, and key CBIC circulars.⁣⁣
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𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:⁣⁣
✅ Inputs/Semi-finished Goods: Return within 1 Year⁣⁣
✅ Capital Goods: Return within 3 Years⁣⁣
✅ Moulds, Dies, Jigs & Fixtures: No Time Limit⁣⁣
✅ ITC available even for goods sent directly to the job worker⁣⁣
✅ GST ITC-04 filing⁣⁣
✅ Inter-State job work movement requires an e-Way Bill, irrespective of consignment value.⁣⁣
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A useful reference for manufacturers, job workers, tax professionals, and GST practitioners.⁣⁣
https://www.linkedin.com/posts/ssraca_revised-handbook-on-job-work-gst-activity-7476530203415060480-X-Qg?utm_source=share&utm_medium=member_desktop&rcm=ACoAADowH_QB4umDHJqDfCprGBzvYBRLOqwt4KE
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Revised Handbook on Job Work (GST) | S S Rawat & Associates 🔔 𝐈𝐂𝐀𝐈 𝐑𝐞𝐥𝐞𝐚𝐬𝐞𝐬 𝐑𝐞𝐯𝐢𝐬𝐞𝐝 𝐇𝐚𝐧𝐝𝐛𝐨𝐨𝐤 𝐨𝐧 𝐉𝐨𝐛 𝐖𝐨𝐫𝐤 𝐮𝐧𝐝𝐞𝐫 𝐆𝐒𝐓 (𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟔)⁣ ⁣ The GST & Indirect Taxes Committee of ICAI has released the 𝐫...

📚 𝐌𝐚𝐧𝐲 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐭𝐫𝐞𝐚𝐭 𝐛𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐚𝐬 𝐚 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐭𝐚𝐬𝐤. 𝐈𝐭 𝐢𝐬 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 𝐬𝐲𝐬𝐭𝐞𝐦.⁣
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When books of accounts are not maintained correctly, the impact goes far beyond accounting errors:⁣
❌ 𝘞𝘳𝘰𝘯𝘨 𝘵𝘢𝘹 𝘤𝘢𝘭𝘤𝘶𝘭𝘢𝘵𝘪𝘰𝘯𝘴⁣
❌ 𝘎𝘚𝘛 𝘢𝘯𝘥 𝘐𝘯𝘤𝘰𝘮𝘦 𝘛𝘢𝘹 𝘯𝘰𝘵𝘪𝘤𝘦𝘴⁣
❌ 𝘊𝘢𝘴𝘩 𝘧𝘭𝘰𝘸 𝘷𝘪𝘴𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘪𝘴𝘴𝘶𝘦𝘴⁣
❌ 𝘗𝘰𝘰𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴⁣
❌ 𝘋𝘦𝘭𝘢𝘺𝘴 𝘥𝘶𝘳𝘪𝘯𝘨 𝘢𝘶𝘥𝘪𝘵𝘴 𝘢𝘯𝘥 𝘢𝘴𝘴𝘦𝘴𝘴𝘮𝘦𝘯𝘵𝘴⁣
❌ 𝘋𝘪𝘧𝘧𝘪𝘤𝘶𝘭𝘵𝘺 𝘪𝘯 𝘰𝘣𝘵𝘢𝘪𝘯𝘪𝘯𝘨 𝘭𝘰𝘢𝘯𝘴 𝘢𝘯𝘥 𝘧𝘶𝘯𝘥𝘪𝘯𝘨⁣
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Accurate books of accounts provide management with reliable financial information to make informed decisions and maintain control over business operations.⁣
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𝟓 𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐄𝐯𝐞𝐫𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐮𝐬𝐭 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐂𝐨𝐫𝐫𝐞𝐜𝐭 𝐁𝐨𝐨𝐤𝐬 𝐨𝐟 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬⁣
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✅ 𝘓𝘦𝘨𝘢𝘭 𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦⁣
Stay compliant with Income Tax, GST, Companies Act, and other regulatory requirements.⁣
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✅ 𝘈𝘤𝘤𝘶𝘳𝘢𝘵𝘦 𝘛𝘢𝘹 𝘊𝘢𝘭𝘤𝘶𝘭𝘢𝘵𝘪𝘰𝘯⁣
Ensure correct computation of Income Tax, GST, TDS, and other statutory liabilities.⁣
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✅ 𝘉𝘦𝘵𝘵𝘦𝘳 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘋𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴⁣
Understand profitability, expenses, working capital, and cash flow position.⁣
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✅ 𝘌𝘢𝘴𝘺 𝘈𝘤𝘤𝘦𝘴𝘴 𝘵𝘰 𝘓𝘰𝘢𝘯𝘴 & 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴⁣
Build credibility with banks, financial institutions, and investors.⁣
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✅ 𝘚𝘮𝘰𝘰𝘵𝘩 𝘈𝘶𝘥𝘪𝘵 & 𝘊𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 𝘗𝘳𝘰𝘤𝘦𝘴𝘴⁣
Reduce audit stress and ensure quick availability of financial records.⁣
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A business cannot manage what it cannot measure. Proper books of accounts transform financial data into actionable business intelligence.⁣
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𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧: How frequently does your business review its financial records—> 𝘮𝘰𝘯𝘵𝘩𝘭𝘺, 𝘲𝘶𝘢𝘳𝘵𝘦𝘳𝘭𝘺, 𝘰𝘳 𝘰𝘯𝘭𝘺 𝘢𝘵 𝘺𝘦𝘢𝘳-𝘦𝘯𝘥?⁣
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GST compliance is not just about filing one return.⁣
Businesses today deal with multiple GST returns, ITC matching, IMS, reconciliation, and automated notice systems. 📑⁣
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𝐀 𝐬𝐦𝐚𝐥𝐥 𝐦𝐢𝐬𝐦𝐚𝐭𝐜𝐡 𝐛𝐞𝐭𝐰𝐞𝐞𝐧:⁣
• GSTR-1⁣
• GSTR-3B⁣
• GSTR-2B⁣
can create major compliance issues.⁣
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𝐖𝐞 𝐡𝐚𝐯𝐞 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐝𝐞𝐭𝐚𝐢𝐥:⁣
• All types of GST returns⁣
• Due dates⁣
• Applicability⁣
• IMS & ITC concepts⁣
• Composition returns⁣
• Annual returns⁣
• Common compliance risks⁣
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𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐠𝐮𝐢𝐝𝐞 𝐡𝐞𝐫𝐞 👇⁣
https://blog.ssraca.com/2026/05/gst-returns.html
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Strong GST compliance starts with understanding the system properly.⁣
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An E-Way Bill is not just a GST formality.⁣
It directly impacts logistics, dispatch flow, and compliance risk. 🚚⁣
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𝐖𝐫𝐨𝐧𝐠 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐧𝐮𝐦𝐛𝐞𝐫, 𝐞𝐱𝐩𝐢𝐫𝐞𝐝 𝐯𝐚𝐥𝐢𝐝𝐢𝐭𝐲, 𝐨𝐫 𝐦𝐢𝐬𝐦𝐚𝐭𝐜𝐡 𝐢𝐧 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐜𝐚𝐧 𝐥𝐞𝐚𝐝 𝐭𝐨:⁣
• Vehicle detention⁣
• Penalties⁣
• Delivery delays⁣
• GST notices⁣
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𝐖𝐞 𝐡𝐚𝐯𝐞 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐝𝐞𝐭𝐚𝐢𝐥:⁣
• Applicability & thresholds⁣
• Bill-to / Ship-to cases⁣
• Validity rules⁣
• Common mistakes⁣
• Penalties under GST⁣
• Practical compliance insights⁣
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𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐠𝐮𝐢𝐝𝐞 𝐡𝐞𝐫𝐞 👇⁣
https://blog.ssraca.com/2026/05/e-way-bill.html
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Smooth logistics start with disciplined compliance.⁣
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Advance Tax is not just a compliance requirement.⁣
It is a cash-flow planning tool many taxpayers ignore until March. 💰⁣
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Freelancers, business owners, traders, professionals, and even salaried individuals with side income may be liable to pay Advance Tax.⁣
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𝐖𝐞 𝐡𝐚𝐯𝐞 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝:⁣
• Who needs to pay⁣
• Due dates⁣
• Interest penalties⁣
• Common myths⁣
• Practical examples⁣
• Free Advance Tax Calculator⁣
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Read the complete guide here 👇⁣
https://blog.ssraca.com/2026/05/advance-tax.html
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Compute your quarterly liability before interest computes itself.⁣
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🔐 One Password. Multiple Accounts. Massive Risk.⁣
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Most people use the same password for:⁣
📧 Email⁣
🏦 Banking⁣
📑 GST Portals⁣
📱 Social Media⁣
💼 Office Accounts⁣
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And that’s exactly what hackers expect. ⚠️⁣
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If ONE website gets breached,⁣
the same password is tested everywhere else.⁣
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That single habit can expose:⁣
• Personal data⁣
• Business systems⁣
• Financial accounts⁣
• Client information⁣
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Strong passwords matter.⁣
Unique passwords matter even more.⁣
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✅ Use different passwords for every account⁣
✅ Avoid names, birthdays & predictable words⁣
✅ Use long passwords with symbols & numbers⁣
✅ Generate passwords instead of guessing them⁣
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We built a free Password Generator Tool to make this simple. 🚀⁣
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🔗 https://tools.ssraca.com/2026/01/password-generator.html
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⚠️ Wrong HSN/SAC selection can create serious GST problems.⁣
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𝐀 𝐬𝐦𝐚𝐥𝐥 𝐜𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐦𝐢𝐬𝐭𝐚𝐤𝐞 𝐦𝐚𝐲 𝐥𝐞𝐚𝐝 𝐭𝐨:⁣
❌ Wrong GST rate⁣
❌ ITC mismatch⁣
❌ GST notices⁣
❌ Interest & penalties⁣
❌ Vendor reconciliation issues⁣
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To make GST classification simpler, SSRA has launched:⁣
🔍 𝐇𝐒𝐍 / 𝐒𝐀𝐂 𝐅𝐢𝐧𝐝𝐞𝐫 – 𝐆𝐒𝐓 𝟐.𝟎⁣
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✅ Search by product/service name⁣
✅ Find HSN or SAC instantly⁣
✅ Check applicable GST rates⁣
✅ Updated GST structure⁣
✅ Useful for businesses, accountants & GST practitioners⁣
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𝘞𝘩𝘦𝘵𝘩𝘦𝘳 𝘺𝘰𝘶 𝘩𝘢𝘯𝘥𝘭𝘦 𝘣𝘪𝘭𝘭𝘪𝘯𝘨, 𝘢𝘤𝘤𝘰𝘶𝘯𝘵𝘪𝘯𝘨, 𝘎𝘚𝘛 𝘧𝘪𝘭𝘪𝘯𝘨, 𝘰𝘳 𝘤𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 — 𝘵𝘩𝘪𝘴 𝘵𝘰𝘰𝘭 𝘩𝘦𝘭𝘱𝘴 𝘳𝘦𝘥𝘶𝘤𝘦 𝘤𝘰𝘴𝘵𝘭𝘺 𝘦𝘳𝘳𝘰𝘳𝘴 𝘣𝘦𝘧𝘰𝘳𝘦 𝘵𝘩𝘦𝘺 𝘩𝘢𝘱𝘱𝘦𝘯.⁣
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𝐓𝐫𝐲 𝐡𝐞𝐫𝐞 👇⁣
https://tools.ssraca.com/2026/01/search-hsnsac.html
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