Starting from April 1, 2025, there will be new GST Reforms that will bring significant shifts in businesses claiming Input Tax Credit. Let’s learn all about New GST Reforms starting from 1st April 2025. What’s Changing Under the New GST Reform? One of the most important things that is changing under the New GST Reform … Read more
Tax relief for Zomato has been granted by the authorities, as a ₹5.9 crore GST demand against the company has been cancelled by the Commissioner (Appeals) in Gurugram. The tax demand was for the period July 2017 to March 2021. Along with penalties, the total amount had reached ₹11.82 crore. Zomato had appealed against this … Read more
India’s fintech giant, Paytm, is facing regulatory trouble. The paytm’s parent company, One97 Communications Ltd, has been charged with a ₹1.19 crore penalty by the Central Goods and Services Tax (CGST) Department. Paytm’s CEO Fined by Indian Government Further in Paytm’s Controversy, Paytm’s CEO, Vijay Shekhar Sharma, has been personally fined ₹59.9 lakh. The penalty … Read more
India’s Finance Minister, Nirmala Sitharaman, presented the 2025-26 Union Budget on February 1. There have been several important reforms impacting all of us. Let’s read reforms introduced in Budget 2025 and their impact through this article. Impact of Latest Reforms Introduced under Budget 2025 More income for salaried persons and Less Taxes The government has introduced … Read more
Good news for businesses in India: The Gujarat high court recently ruled for GST relief on the assignment of leasehold rights in Gujarat Industrial Development Corporation (GIDC) plots. This is a huge relief to businesses and a landmark judgment for the entire country. Importance of Gujarat HC’s Decision on Leasehold The Gujarat High Court’s recent … Read more
YouTube has become a wonderful source of income for people across the globe. You can earn money on YouTube through various sources such as Advertisements, Affiliate sales or freelance projects, Payments based on engagement metrics (views, comments, etc.) and much more. However, you must not forget about tax on YouTube income. Let’s understand about tax … Read more
The GST Council recently held its 55th meeting in Jaisalmer, Rajasthan. It was chaired by Union Finance Minister Nirmala Sitharaman. The GST Council announced several important GST Updates. These updates are aiming at simplifying compliance, reducing tax burdens, and streamlining GST-related processes. Let’s all the important GST Updates announced in December 2024. Changes in GST … Read more
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