vinujaglan.com · Founder's official site Tax & GST Guide for Shopkeepers, Traders & MSMEs
GST registration and returns, presumptive income, books and audit limits, cash rules and the MSME 45-day payment rule — the compliance map for small businesses in Haryana.
Your Tax & Compliance Picture
GST registration and returns
Registration is compulsory above ₹40 lakh turnover for goods (₹20 lakh for services) in Haryana, or for inter-state sales. Quarterly (QRMP) filers in Haryana file GSTR-3B by the 24th.
Presumptive income
Under s.44AD→s.58 you can declare 8% of turnover (6% of digital receipts) without detailed books, up to ₹3 crore turnover where cash receipts are within 5%.
Books and tax audit
Without presumptive taxation, a tax audit applies above ₹1 crore turnover — ₹10 crore if cash receipts and payments are within 5% s.44AB→s.63.
Cash rules
A cash payment above ₹10,000 to one person in a day is disallowed s.40A(3)→s.36; receiving ₹2 lakh or more in cash from one person for a transaction attracts an equal penalty.
MSME 45-day rule
Amounts owed to micro and small enterprises registered on Udyam are deductible only when paid, if paid after 45 days s.43B(h)→s.37.
TDS as a buyer
Once your turnover crosses the audit limits, you deduct TDS on contractors, professionals, rent and commission — and file quarterly statements in the new Forms 138/140.
Which return? ITR-4 if you use presumptive taxation and total income is up to ₹50 lakh; otherwise ITR-3. Due 31 August (31 October if audit applies).
Everything You Need, in One Place
Common questions
Not for supplying goods within Haryana below the threshold — unless you sell inter-state or fall in a compulsory category. Voluntary registration can help if your buyers want input tax credit.
A cash payment above ₹10,000 to one person in a day is disallowed as a business expense (₹35,000 for transporters). Pay through bank or UPI instead.
Yes for most small businesses — it is free and gives access to MSME schemes and the 45-day payment protection when you supply to larger buyers.
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