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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond
Reverse Charge Mechanism (RCM) shifts the GST payment responsibility from the seller to the buyer for specific goods and services. In 2025, the notified list includes select agricultural goods, certain services like legal or GTA, and imports. Staying compliant means raising self-invoices, paying tax in cash, and claiming ITC only after payment — a process that works smoothly when it’s built into routine monthly checks.
Goods transport service businesses are numerous especially in metro cities like Bangalore located in Karnataka. It is crucial to hire the right goods transport service provider for safe and on-time delivery. The logistics partner should also be able to accommodate your changing logistics requirements.
Are you a retailer? Do you know the formula for deciding reordering levels? The article throws insights into the formula of reordering. This enables entrepreneurs to reorder the right quantities and avoid running out of the stock.
Learn everything about GST return filing in this comprehensive guide. Explore different types of GST returns, including GSTR-1, GSTR-3B, and GSTR-9, along with who needs to file them and how. Get detailed steps for filing returns online, know due dates, understand penalties for delays, and stay informed about the latest updates to simplify compliance and avoid errors.
Section 122 of the GST Act plays a pivotal role by outlining penalties for wilful offenses, such as tax evasion, invoice manipulation, and non-payment of collected taxes. For businesses and GST professionals, understanding these provisions is essential to mitigate risks, avoid penalties, and maintain a spotless compliance record.
GST has transformed India’s tax landscape by subsuming multiple indirect taxes, simplifying the taxation system, and contributing significantly to economic growth. After more than a decade of effort by the Government of India, GST now plays a pivotal role in the economy. Let's explore which taxes subsumed under GST, its objective, principles, pros, cons, impacts, and the taxes that could not be subsumed under GST.
The GST Amendment Act refines India’s Goods and Services Tax framework by addressing compliance challenges and evolving economic needs. Through key updates like ITC rules, e-invoicing, and composition schemes, it simplifies tax processes, curbs evasion, and promotes formalisation. Stay informed to navigate amendments and leverage their benefits effectively.
India’s steel sector is entering a new growth phase, driven by a strong steel IPO surge and expansion cycle in...
Steel procurement in EPC projects now requires financial modelling, not just rate comparison. In 2026, volatility, supplier concentration, and compliance...
The EPC payment cycle in India often creates cash flow pressure due to RA bill approval delays, retention money lock-in,...
The EPC tender process in India requires strict compliance, accurate documentation, and early eligibility assessment. For MSMEs, success depends on...
