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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond
Section 74 of the CGST Act lets businesses voluntarily pay GST shortfalls, interest, and reduced penalties—usually before a fraud notice arrives—by filing Form DRC-03 online. Acting early can limit penalties to 15%, avoid lengthy legal trouble, and protect business credibility. This guide explains how MSMEs can use these provisions, with practical tips to avoid common pitfalls and ensure smooth compliance.
What is road transport? What is the role of road transportation in logistics? What are the advantages, disadvantages and challenges of road logistics? India has the second largest roadways in the world and relies heavily on the movement of people and goods on the road transport systems. Here we take...
Do you know what B2B logistics is? Do you know differences between B2B and B2C logistics? Are you aware of the various challenges in the B2B logistics. Read on to know the meaning of B2B logistics, and difference between B2B and B2C logistics.
Through such regular meetings, the GST Council has shaped the policies that govern India’s taxation landscape. The timeline of these meetings offers a detailed look at how India’s tax system has evolved over time. In this article, we will dive into a complete timeline of GST Council meetings, highlighting the key decisions and reforms that have emerged since its inception.
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...
Steel prices in India are beginning to rise after months of historically low levels. The shift is mainly driven by...
India’s steel industry in 2026 is producing and consuming at record levels, yet prices remain near five-year lows. Falling steel...
Smart PEB buildings are not defined by dashboards or sensors alone. Their real value lies in predictable energy use, clear...
Steel prices in India are shaped by raw material costs, demand cycles, policy measures, and market forces. This article explains...
