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
Understanding GST Registration for you is essential if you are running or planning to launch a Photography & Videography business. As a service provider, GST is applicable to your business once your annual turnover exceeds a certain limit or if you are providing services interstate. Why have GST Registration for Photography and Videography Business? Obtaining … Read more
Starting 1st October 2024, the Goods and Services Tax Network (GSTN) will archive data submitted before September 2017 from the GST portal. This major update affects how you do GST Return Filing. This move is aiming to streamline the portal’s operations. However, it also creates urgency for businesses who require their previous records. Why is … Read more
The introduction of GST 2.0 aims to simplify the process of GST Return Filing. Thus, you can file GST Returns more quickly and efficiently for businesses. With user-friendly interfaces and reducing the manual errors, the new GST system will ease tax compliance. What happens to GST Registration under GST 2.0? The GST Registration process is … Read more