sailesh bhandari

Welcome to SBAA, a trusted and reliable Chartered Accountant firm in India, offering specialized services in Taxation, Audit, and Virtual CFO solutions.

[sailesh bhandari @saileshbhanda10]

📢 57th GST Council Meeting | Key Updates
✅ Faster GST refunds
✅ More Input Tax Credit opportunities

💡 Proposed reforms to improve cash flow and ease compliance for businesses!
#GST #GSTCouncil #GSTUpdates #MSME

[sailesh bhandari @saileshbhanda10]

📢 57th GST Council Meeting | Key Updates
✅ Protection for genuine ITC claims
✅ Faster refunds & e-commerce relief
✅ Simplified GST registration
✅ Easier return corrections

📌 Key proposals for businesses!
#GST #GSTCouncil #MSME

[sailesh bhandari @saileshbhanda10]

📢 57th GST Council Meeting | 4 Key Updates
Major GST relief proposed! ✅

Arrest powers, higher prosecution threshold, removal of minimum punishment & reduced penalties.

📌 Swipe to understand the impact on businesses.

#GST #GSTCouncil #GSTUpdates #MSME

[sailesh bhandari @saileshbhanda10]

📊 KNOW YOUR BUSINESS FINANCES | PART 1

Every Partner & Director should know the basics of accounts, GST, Income Tax & liabilities.

Stay informed about your business finances.

Part 2 Coming Soon 🔔

#BusinessFinance #MSMEIndia

[sailesh bhandari @saileshbhanda10]

🔐 Family Financial Security | Part 2
Does your family know where to find your financial details?

📂 Keep your bank, FD, insurance, Demat, investment & property records organised and accessible.

Organise it. Secure it. Keep your family informed.

#FamilyFinance

[sailesh bhandari @saileshbhanda10]

🔐 Family Financial Security | Part 1

If something unexpected happens, will your family know where your bank accounts, FDs, insurance, investments & property details are?

📂 Keep your financial information organised and accessible.

#FinancialPlanning #FamilyFinance

[sailesh bhandari @saileshbhanda10]

Old GST Details Can Create Problems ⚠️ | Part 2

Changed your business structure AND PAN? Your old GST registration may not continue.

For example: Proprietorship → Partnership.

GST is PAN-based, so a fresh registration is required for the new PAN.

#GST #GSTIndia #MSME

[sailesh bhandari @saileshbhanda10]

Old GST Details Can Create Problems ⚠️ | Part 1
Changed your address, opened a branch or changed key business details?

Your GST registration may need amendment.

Know which changes fall under Core Details.

More GST Registration Changes coming in Part 2!

#GST #GSTRegistration

[sailesh bhandari @saileshbhanda10]

Family Transactions & Tax | Part 2 📊

Too many cross-transactions can complicate year-end tax planning.

Review & settle unnecessary transactions, close old family loans where possible, and plan salary, rent, interest & applicable TDS properly.

#IncomeTax #TaxPlanning

[sailesh bhandari @saileshbhanda10]

Family Transactions & Tax | Part 1 📊

Managing ITRs for multiple family members?

Loans, transfers, salary, rent & interest can complicate year-end tax work.

Streamline transactions for easier tax planning & compliance.

👉 Part 2 Coming Soon!

#IncomeTax #TaxPlanning

[sailesh bhandari @saileshbhanda10]

How Income Tax Knows Your Income | Part 2 👀
Property & certain high-value transactions may be reported to the Income Tax Department.

Before filing your ITR:
✅ Check AIS
✅ Check Form 26AS
✅ Reconcile your records

Check. Reconcile. Then file.
#IncomeTax #ITR

[sailesh bhandari @saileshbhanda10]

How Does Income Tax Know Your Income? 👀| Part 1

Banks, TDS records, shares & mutual funds can provide information to the Income Tax Department.

Not reporting it in your ITR doesn’t mean the Department won’t know.

#IncomeTax #ITR

[sailesh bhandari @saileshbhanda10]

Bank Statement & Income Tax 📄| Part 2

Make ITR filing easier with 2 bank accounts:

🔹 Main Account: Income, rent, dividends & investments
🔹 Expense Account: Ola/Uber, Swiggy/Zomato & personal expenses
Fewer transactions = easier year-end review.

#IncomeTax #ITR #TaxTips

[sailesh bhandari @saileshbhanda10]

Bank Statement & Income Tax 📄 Part 1

60–70 pages of bank transactions at ITR time? 😵‍💫

Salary, rent, dividends, business & personal expenses—all mixed in one account.
Then your CA asks, “Sir, what is this transaction?

Part 2: Coming Soon

#IncomeTax #ITR #BankStatement

[sailesh bhandari @saileshbhanda10]

Garment Job Work & GST | Part 2 🧵

Goods at a job worker’s premises? They may not always need to come back before sale.

Know GST on job-work charges, ITC eligibility & direct supply provisions.

Proper tracking matters.

#GST #JobWork

[sailesh bhandari @saileshbhanda10]

Garment Job Work & GST | Part 1 🧵

Sending goods for dyeing, stitching or embroidery?

They can be sent to a job worker without GST

Remember: Delivery Challan | E-Way Bill | Inputs: 1 yr | Capital Goods: 3 yrs

👉 Part 2 Coming Soon.

#GST #JobWork

[sailesh bhandari @saileshbhanda10]

Sole Proprietor & GST | Part 2 📊

GST registered business + rental income or another business activity under the same PAN?

Don’t look only at the trade name. Relevant activities under the same PAN may impact aggregate turnover.

Not every bank credit is GST turnover.

#GST

[sailesh bhandari @saileshbhanda10]

Sole Proprietor & GST | Part 1 📊
GST registration is in your business name. Can you ignore income in your personal name?

FD interest, dividends, investment profits, rental & other business income may have different GST implications.

👉 Part 2 Coming Soon.

#GST

[sailesh bhandari @saileshbhanda10]

Property Sale Value & Tax | Part 2 🏠
Guideline value ₹1 crore, but selling for ₹80 lakhs?

If the difference exceeds 10%, there may still be options under Income Tax provisions, including valuation and agreement-date provisions.

#CapitalGains #IncomeTax #PropertySale

[sailesh bhandari @saileshbhanda10]

Property Sale & Tax | Part 1 🏠

Sold for ₹80L, but guideline value is ₹1Cr?

Your capital gain may be calculated at a higher value, increasing your tax impact.

Is there a legal way to reduce it?

👉 Part 2 Coming Soon.

#IncomeTax #CapitalGains