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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond
Small-scale industries (SSIs) are locally operated businesses with limited investment and high employment potential. As per the 2025 MSME norms, they include enterprises with investment up to ₹25 crore and turnover below ₹100 crore. SSIs are vital to India’s economy, driving manufacturing, rural development, and self-employment across sectors like food processing, textiles, and electronics.
Warehouse automation is a system introduced by firms to mechanise their warehouse operations picking and sorting of the products received by the facility to sending it to the end consumers. This improves efficiency in logistics operations.
There are some fundamental differences between a trucking company and logistics company. If you understand the difference, it is easier for you to choose between the two. The article elaborates on functions of a trucking or transportation company and a logistics company.
The 54th GST Council Meeting addressed pivotal issues like GST slab rationalization, tax rate adjustments, and compensation for state revenues. It brought forward critical decisions impacting businesses and consumers alike, with significant changes in GST on luxury items and compliance simplifications for MSMEs. The council also debated future reforms, including the merging of tax slabs and additional measures for the digital economy. This article delves deep into the key decisions, their implications, and the agenda for upcoming GST Council meetings.
Explore Section 17 (5) of the CGST Act, which deals with complete list of blocked credit and ineligible ITC under GST. You'll learn which expenses are restricted from claiming ITC, such as personal vehicles, employee benefits, and CSR activities. The blog also covers updates, legal amendments, and practical implications for businesses, helping you stay compliant with GST regulations and manage your finances effectively. Each clause is explained in depth, providing clear insights for better tax planning.
GSTR-6 is a monthly return for Input Service Distributors (ISDs) under the Indian GST regime. ISDs distribute input tax credit (ITC) among different units of a business. The return ensures accurate allocation of ITC based on unit turnover. Any entity registered as an ISD must file GSTR-6, regardless of turnover. The due date is the 13th of the following month. Late filing attracts a penalty. Key sections of GSTR-6 include details of ITC received, distributed, and debit/credit notes. Let's explore...
This article helps business owners and accounting professionals to understand Reverse Charge Mechanism (RCM) under GST in India. It details who pays GST (recipient vs supplier), applicability (unregistered suppliers, specific services/goods), and how to file returns (GSTR forms). Recent updates (metal scrap) and non-compliance penalties are covered. Understanding RCM is crucial for businesses to stay GST compliant.
The March 2026 GST collection reflects steady economic activity across India. It shows stable demand, along with improved compliance and...
Budget 2026 impact goes beyond middle-class relief and directly shapes MSME growth. It drives demand, improves liquidity, and simplifies compliance...
India’s steel industry continues to grow, driven by strong demand from infrastructure, construction, and manufacturing. The upcoming Bharat Steel 2026...
India’s February 2026 GST collections stood at ₹1.83 lakh crore, marking an 8.1% year-on-year rise and reflecting steady economic activity...
