India Introduces Uniform 5% GST to Boost Aviation MRO Industry
The Indian government has introduced a uniform 5% Integrated Goods and Services Tax (IGST) on all aircraft and aircraft parts. This new policy, effective from July 15, 2024, aims to streamline the tax system. And support the growth of India’s Maintenance, Repair, and Overhaul (MRO) industry, positioning the country as a global aviation hub. A […]
Adapt to Survive: The Critical Need for Business Model Flexibility
In an ever-changing business landscape, the ability to adapt is a crucial determinant of success. As market conditions, consumer preferences, and technological advancements evolve, so too must business models. Flexibility in business models is not just a nice-to-have; it’s a necessity for survival and growth. In this blog, we explore the importance of business model […]
Master the Art of Business Models: Your Ultimate Guide to Success!
In today’s fast-paced and competitive business environment, mastering the art of business models is crucial for achieving long-term success. A well-crafted business model not only outlines how a company creates, delivers, and captures value but also serves as a strategic blueprint to navigate the complexities of the market. This ultimate guide will help you understand, […]
Revolutionary Business Models: How Today’s Innovators are Changing the Game !
In today’s rapidly evolving business landscape, traditional business models are being upended by innovative strategies that revolutionize how companies create, deliver, and capture value. These groundbreaking approaches are not only disrupting established industries but also setting new standards for success. In this blog, we’ll explore how today’s innovators are changing the game with revolutionary business […]
Advisory for FORM GSTR-1A
The Government of India has introduced a significant update for GST taxpayers through notification No. 12/2024 – Central Tax dated 10.07.2024. That allows taxpayers to add or amend supply details of the current tax period that were either missed out or wrongly reported. This can be done before filing the GSTR-3B return for the same […]
Time of Supply for Construction and Maintenance Services under Hybrid Annuity Model (HAM)
Introduction The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 221/15/2024-GST, dated 26th June 2024. This circular aims to clarify the time of supply concerning the supply of services for the construction and maintenance of National Highway Projects under the Hybrid Annuity Model (HAM) implemented by the National Highways Authority of […]
Place of Supply for Custodial Services Provided by Banks to FPIs.
Introduction The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 220/14/2024-GST to provide clarity on the place of supply for custodial services provided by banks to Foreign Portfolio Investors (FPIs). Place of supply of services provided by a banking company to account holders is the location of the supplier. Background The […]
Empowering Progress: A Comprehensive Analysis of India’s Budget 2024-2025
Dear Readers, Being one of the Chartered Accountants firms offering strategic insights and customized solutions, we take great pleasure in presenting our next Budget publication, explaining the extraordinary opportunities arising from the present economic scenario of India and its global positioning. A detailed analysis of the Economic Survey 2023-24 and the Finance Bill 2024 brings […]
Recent Amendment Made by GST Council in 53rd Council Meeting.
The 53rd GST Council meeting, chaired by Union Finance Minister Smt. Nirmala Sitharaman, was recently held to address critical issues and streamline the Goods and Services Tax (GST) framework. Here are the recent amendment and decisions from the meeting. Please refer Below list of detailed blogs of amendment approved by GST council :- 1 New […]
What’s My Business Export Potential?
Understanding your business export potential can unlock new revenue streams and growth opportunities in an increasingly globalized market. For small and medium-sized enterprises (SMEs), exploring international markets isn’t just an option but a significant growth avenue. This blog will explain how to assess and maximize your business’s export potential effectively. What are the Key Factors […]