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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond
You can grow your business in Karnataka by bidding for tenders on the KPPP portal. You can browse through the list of tenders published on the portal, choose the right ones for your business, and bid for them. Here are a few things to keep in mind while you apply for tenders.
When it comes to sourcing logistics services, businesses have multiple options. They can choose between a trucking company or freight forwarders or third party logistics companies based on their business needs and budgets. Read on to know more about the differences between freight forwarder and third party logistics and how...
Do you know the format of the transport bill? The transportation bill is an important document for all trucking and logistics companies, required for the movement of goods. There are some key features of a transport bill and all businesses must follow and generate bills as per the prescribed transport...
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.
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...
