Mohit jain

Advocate | GST & Income Tax Disputes | Civil Matters | Pre-Litigation Strategy
Founder – NVMJ & Associates | Associated with AdvoFin Consulting Pvt. Ltd.

[Mohit jain @smohitjain]

Most small businesses don’t fail because of competition.
They fail because of unnoticed mistakes - wrong ITC, TDS errors, missing entries, leakages, and zero internal checks.
Internal Audit isn’t for big companies.
#GSTIndia #Advofin #incometaxindia #SmallBusinessIndia

[Mohit jain @smohitjain]

Most SMEs don’t face problems because of fraud - they face problems because no one checks their systems.
Internal audits catch GST mismatches, TDS errors, leakages, operational gaps & compliance risks before they become notices.
#Internalaudit #Advofin #SMEIndia #GSTIndia

[Mohit jain @smohitjain]

Fix customer payment delays

Cash doesn’t come just because you sent an invoice.
Use:
• Clear due dates
• Automated reminders
• Small early-payment benefits
• Strict “no new work without previous payment” policy
Discipline = faster inflows.

[Mohit jain @smohitjain]

Day 50: Cash Flow Management for SMEs
Cash flow > profit
A business can show profit on paper and still fail in real life.
If collections slow down, GST piles up, and vendors push for payment - even profitable SMEs get stuck.
Cash flow is the real health indicator.

[Mohit jain @smohitjain]

The weekly cash flow method

Monthly tracking doesn’t work.
SMEs need a Monday Morning Cash Flow Sheet:
• Opening cash
• Expected inflows
• Expected outflows
• Net weekly position
10 minutes of clarity saves lakhs.

[Mohit jain @smohitjain]

Most SMEs don’t struggle because of low profit - they struggle because cash doesn’t arrive on time.
Delayed payments, GST outflows, weak follow-ups & zero forecasting silently kill businesses.
In 2025, cash flow isn’t accounting - it’s survival.
#cashflow #SMEIndia #MSME #AdvofinConsulting

[Mohit jain @smohitjain]

Read full blog here:https://t.co/qlowFu1IMK
Join the community:https://t.co/M4aDJUOCx7
#GSTIndia #Advofin #TAXCompliance #itc

[Mohit jain @smohitjain]

Day 49: Why Monthly Reconciliation Saves Money
Most SMEs think reconciliation is an “accounting task.”
Reality?
It’s the only system that prevents:
• ITC loss
• GST interest
• Vendor fraud
• Compliance notices
Reconciliation = Business Insurance.

[Mohit jain @smohitjain]

A founder doesn’t need to do reconciliation - but must ensure it happens every month.
1–5th every month = Reconciliation window.
This single habit prevents 70–80% financial losses.

[Mohit jain @smohitjain]

Most businesses don’t lose money because of taxes- they lose it because they don’t reconcile monthly.
ITC mismatches, wrong 3B, missing invoices, vendor defaults & bank gaps silently drain lakhs.
In 2025, Monthly Reconciliation isn’t accounting - it’s financial survival.
#GSTindia #GST #Advofin #SMEIndia #BusinessCompliance

[Mohit jain @smohitjain]

Read full blog here: https://t.co/Ah7vVRkdji
Join the community:https://t.co/M4aDJUOCx7
#SaaSIndia #ITSectorIndia #GSTIndia #Advofin

[Mohit jain @smohitjain]

Day 48: GST for IT & SaaS Companies
IT & SaaS companies face the MOST GST confusion - not because they do fraud, but because software has complex rules: exports, recurring billing, RCM, ITC, e-invoices & foreign payments.
Here’s the 2025 GST guide every SaaS founder needs

[Mohit jain @smohitjain]

f you’re running an IT or SaaS company in 2025, your GST survival kit is simple:
✔ File LUT
✔ Track RCM monthly
✔ Match 2B every month
✔ Automate subscription invoices
✔ Maintain export docs
✔ Use correct SAC codes
Clean GST = clean scaling.