GST

Tax Relief for Zomato – ₹5.9 Cr GST Demand Dropped

Tax Relief for Zomato, Tax Relief for Zomato - ₹5.9 Cr GST Demand Dropped

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

Paytm Faces ₹1.19 Cr GST Penalty For Non-Compliance

Paytm Faces ₹1.19 Cr GST Penalty for Non-Compliance, Paytm Faces ₹1.19 Cr GST Penalty

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

Key Highlights of Budget 2025 | Impact on Startups & Businesses

Budget 2025 highlights

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

Gujarat HC Grants GST Relief on Leasehold Rights

Gujarat HC Grants GST Relief on Leasehold Rights, GST Relief on Leasehold Rights

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

Tax on Youtube Income

tax on Youtube Income, tax on Youtube Income in India, Tax Compliance for YouTubers

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

Important GST Updates – December 2024

Important GST Updates - December 2024

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

Last Due Date of GSTR-9 GST Return Filing

Last due date of GSTR-9 GST Return filing, GSTR-9

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

How Does the Quick Commerce Business Model Work?

How does the quick commerce business model work

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

GoM Proposes GST Hike on Tobacco, Drinks to 35%

GoM Proposes GST Hike on Tobacco, Drinks to 35%, GST Hike on Tobacco, GST Hike on Drinks, GST rate rationalisation

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

2025 Budget Preparations Underway for GST Tax Rate Revisions

2025 Budget Preparations Underway for GST Tax Rate Revisions, GST Tax Rate Revisions, 2025 GST Budget, 55th GST Council Meeting, Budget 2025: December GST Council meeting, 55th GST Council meeting on December 21-22, 2024

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