Al-Bari Tax Solutions

🚨 Most People Take GST Lightly — Until It Hits Them HARD

GST is NOT optional. GST is NOT based on profit.
GST is purely on TURNOVER.

If your turnover crosses:
✅ ₹20 lakh – Service providers
✅ ₹40 lakh – Goods suppliers
…you must get GST registration.

But many small businesses think:

> “I don’t need GST… I don’t issue invoices… No one will check…”

That’s where the trouble begins.
Because the department tracks your bank deposits, UPI credits, and turnover reported in Income Tax Return.

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⚠️ Example That Can Destroy a Business

Suppose your turnover is ₹1 crore.
You never took GST registration.
You think you saved money…

But if GST @18% applies, the department can raise:
💣 GST Demand: ₹18,00,000
💣 Interest @18% p.a.
💣 Penalty for non-registration + non-payment

Total impact?
➡️ A demand that can WIPE OUT your business.

And once the notice arrives, you cannot go back and “hide” anything.
Your bank statements will tell the full story.

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🧠 Moral of the Story

Ignoring GST is not “smart business”.
It’s a ticking time bomb.

✔ Register on time
✔ File returns
✔ Stay compliant
✔ Protect your business and peace of mind

Just Few Days Remaining To File Your Tax Audit Reports For AY 2025–26!
Ensure Timely Compliance, Avoid Last-Minute Rush And Contribute To India’s Journey Of Growth And Transparency.

Cough Syrup deaths: Sresan Pharmaceuticals' license cancelled, company shut down A Parasia court sent Sresan Pharma owner Ranganathan to 10-day police custody after he was arrested on October 9 in Chennai by an SIT from Madhya Pradesh.

IT Dept conducts raids in Srinagar, searches at Shalimar residence and Nishat showroom of businessman The Income Tax Department also conducted a raid at a hotel in the Humhama area of central Kashmir’s Budgam district. [KNT]

I still don't know the exact use of this; it was the costliest gadget... I'm sure you can hear this image with 8 different sounds.

Due date extended

Amul, Real Juice, Maggi: Here's how much your favourite food brands cost after GST cuts

Details here⤵️|
https://www.moneycontrol.com/news/business/companies/amul-real-juice-maggie-here-s-how-much-your-favourite-food-brands-cost-after-gst-cuts-13571379.html