Navigating Business Growth in a Competitive Market !
In today’s fast-paced and ever-evolving business landscape, achieving growth is no longer just about offering a great product or service. Businesses must navigate intense competition, shifting market trends, and changing customer demands to succeed. So how can you strategically grow your business while staying ahead of the competition? In this blog, we’ll explore key strategies […]
GST Update: How Advertising Services for Foreign Clients Are Taxed
On September 10, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 230/24/2024-GST. This update provides clear guidance on how Indian advertising agencies should handle taxes when offering services to foreign clients under the Goods and Services Tax (GST). Let’s break down the main points. 1. Are Indian Advertising Agencies Intermediaries? […]
The Role of Business Model in Fueling Business Expansion !
A well-crafted business model is the backbone of any successful business, serving as the blueprint for how a company operates, generates revenue, and creates value for its customers. As businesses grow and look to expand, the role of the business model becomes even more critical. It not only defines the pathway to profitability but also […]
How to Make Sure You Get Your Tax Refund Without Any Problems
Filing your Income Tax Return (ITR) can sometimes feel confusing, especially when waiting for a refund. If you’ve paid more tax than you needed to during the financial year, you’re likely due a refund. Here’s a simple guide to help you get your refund smoothly and fix any issues if they come up. Steps to […]
New GST Rules Simplify Preferential Location Charges (PLC) for Builders and Buyers
The 54th GST Council Meeting has brought much-needed clarity on how Preferential Location Charges (PLC) should be taxed. PLCs are the extra charges builders apply for prime spots in a project, such as units on higher floors or with better views. The recent decision makes it clear that PLCs are part of a composite supply. […]
Innovative Business Techniques for Skyrocketing Your Sales !
In a competitive business landscape, boosting sales requires more than just traditional tactics. To truly skyrocket your sales, you need to adopt innovative techniques that not only attract new customers but also keep them coming back. In this blog, we’ll explore cutting-edge business strategies that can elevate your sales performance and help your business reach […]
What is Section 194J: TDS on Professional and Technical Services
Section 194J of the Income Tax Act ensures timely tax collection by requiring the deduction of Tax Deducted at Source (TDS) on payments made for professional and technical services, royalties, non-compete fees, and director’s remuneration. The section applies to businesses, corporations, or individuals liable for an audit under the Income Tax Act. Key Payments Covered […]
Navigating GST Changes for Metal Scrap: Essential RCM and TDS Guidelines
“Metal scrap” refers to discarded or waste metal materials that are often recycled or sold as raw materials for further use. Recycling metal scrap plays a crucial role in conserving resources and promoting sustainability. In India, businesses involved in the sale or purchase of metal scrap need to understand various tax implications such as GST […]
Key Highlights from the 54th GST Council Meeting: Major Updates
The 54th GST Council meeting, led by Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman, brought important changes. These updates aim to simplify GST rates, improve compliance, and streamline procedures. Let’s go over the most significant changes. A. Changes in GST Tax Rates Namkeens and Savory Products:The GST rate on extruded savory products […]
IT/ITES Policy 2022-2027 Transforming India’s Digital Future
IT/ITES Policy 2022-2027 benefits: The IT/ITES Policy 2022-2027 is a game-changer for businesses in the IT/ITES sector. It offers extensive financial and operational support, ensuring that companies can grow, innovate, and remain competitive in the global market. By providing a wide range of incentives under CAPEX (Capital Expenditure) and OPEX (Operational Expenditure), the policy enables […]