As the new year is coming, you must also know an important due date for filing GSTR-9 Annual Return is also fast approaching. GSTR-9 due date is 31st December. Let’s know everything about it in an easy and quick manner. Who needs to file GSTR-9? Filing GSTR-9 is mandatory for businesses having annual turnover more … Read more
In recent years, expanding on-demand delivery services has accelerated the growth of a new model: quick commerce. This leverages the delivery lead times with orders generally less than an hour. In other words, what exactly is the quick commerce business model and how does it work? What Is Quick Commerce? Quick commerce or q-commerce is … Read more
The GST Council is considering a significant change. The GoM is proposing a hike in the goods and services tax (GST) on everyone’s favorite bubbly drinks, cigarettes, and tobacco products. Why is the GoM Proposing GST Hike on Tobacco and Drinks? Right now, tobacco and fizzy drinks fall under the 28% slab. The group of … Read more
India’s 2025 Budget preparations are in full swing. There is a significant focus on GST tax rate revisions to streamline the taxation framework. Important Dates for the 55th GST Council Meeting Finance Minister Nirmala Sitharaman is set to hold pre-budget consultations with state finance ministers during the 55th GST Council meeting on December 21-22, 2024. … Read more
The Goods and Services Tax (GST) landscape in India is set for a significant shift with the introduction of the GST e-Invoice Rule Change 2025. This is because businesses will be required to upload their e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance. Thus, the new rule, mandated by the GST … Read more
The Group of Ministers (GoM) has reduced the GST on 20-litre water bottles, bicycles and exercise notebooks to 5%. This move is aimed at making these essential items more affordable for consumers. This GST reduction can increase demand for these products, benefiting both consumers and businesses. Impact on Businesses Selling Essentials For businesses dealing in … Read more
Electric vehicles (EVs) are becoming popular in India. Because almost every business is trying to reduce their fuel costs and carbon footprint. One of the leading options in this space is the Ola electric scooty. It’s not only eco-friendly but also offers financial benefits, especially for business owners. In this article, you will get to … Read more
There is no doubt about the high price of the Samsung Galaxy S24 Ultra, and including GST (Goods and Services Tax) makes it even more expensive. Who doesn’t want to save a chunk of money in a clever yet straight way? The good news is that there are some smart ways to do so by … Read more
With Blinkit’s new functionality, businesses can get tremendous benefits in terms of tax savings via GST invoicing. This is due to the fact that Blinkit is providing up to 28% Input Tax Credit (ITC), enabling the businesses to utilise the benefits of GST, thus lowering costs and improving compliance. Making it Easy for Businesses to … Read more
In a significant ruling, the Supreme Court of India allowed businesses to claim GST Input Tax Credit on commercial construction costs. As a result, the real estate sector is celebrating it as a huge relief. It is also beneficial for those businesses that are involved in leasing commercial properties. Boon for Commercial Real Estate Sector … Read more