RCM on Sand & Goods Transport: When GST Is Not Applicable
Introduction: In the real estate sector, procurement and transport of inputs like sand, gravel, and aggregates often involve local truck operators. A common question arises: Is GST payable under RCM on such freight payments? The answer depends entirely on one document—the consignment note. As per GST law, Reverse Charge Mechanism (RCM) applies only if the […]
GST Refund for E-commerce Sellers – Key Considerations
The E-commerce sector in India has witnessed rapid growth in recent years. However, with growth comes the need for better compliance—especially under GST. If you’re selling online through platforms like Amazon, Flipkart, or Meesho, it’s essential to understand how GST refunds work and what steps you must follow to claim them smoothly. This blog highlights […]
Wrong GSTIN, Big Loss: How a Small Mistake Almost Cost This Company Crores.
Introduction: Wrong GSTIN, big loss—that’s exactly what B Braun Medical India Pvt. Ltd. experienced when a simple GST number error on a supplier’s invoice almost cost them ₹5.65 crore in Input Tax Credit (ITC). Even though the company received the goods, paid the vendor, and got the invoice in its name, the supplier entered the […]
What Should Indian CA Firms Do? VCs Are Deploying $500M to Rewire U.S. CPA Firms with AI.
In the U.S., a quiet revolution is underway. Crete Professionals Alliance, backed by Thrive Capital (investors in OpenAI, Databricks & Stripe), is acquiring traditional CPA firms and turning them into AI-first finance powerhouses. ✅ 20+ firms acquired ✅ $300M+ in revenue ✅ $500M being deployed to scale ✅ Built in partnership with OpenAI But here’s […]
Croma vs GST Department: Delhi HC Rules on ₹108 Cr ITC Dispute
What Was the Case About? Infiniti Retail Limited, known for its brand Croma, recently challenged a huge tax demand before the Delhi High Court. The ITC Dispute demand came from the CGST Delhi West Commissionerate, which issued an order on 3rd February 2025, claiming over ₹108 crore under various sections of the CGST Act. What […]
Handling of Inadvertently Rejected Records on IMS – A Practical Guide
Businesses often face issues in reconciling Input Tax Credit (ITC) due to mistakenly rejected records on the Invoice Matching System (IMS). Whether it’s an invoice, debit note, or credit note, incorrect rejections can disrupt the seamless flow of ITC. Here’s a practical guide to help both recipients and suppliers handle such rejections effectively. 1. How […]
Benefits of Yoga for Entrepreneurs: Why Every Business Owner Should Practice It
Being an entrepreneur means juggling multiple roles, making fast decisions, and staying mentally sharp in high-pressure situations. In this fast-paced lifestyle, one simple daily habit can make a big difference — Yoga for Entrepreneurs. Why Yoga Matters for Entrepreneurs Yoga is more than just physical exercise. It’s a powerful tool that helps align your mind, […]
7 Smart Fixed Asset Actions to Protect Your Cash Flow
Introduction Fixed asset management plays a critical role in business success, yet it’s often overlooked when it comes to managing cash flow. From vehicles and equipment to IT systems and furniture, fixed assets are essential but they can also quietly drain cash if not handled properly. Without a clear strategy, businesses risk overspending, underutilizing resources, […]
GST Refund for E-commerce Sellers – Key Considerations
E-commerce sellers face multiple tax responsibilities under GST. Among them, claiming refunds is one of the most important. It helps maintain better cash flow and reduces the overall tax burden. This blog explains the key areas every online seller must focus on to claim GST refunds correctly and without delay. What Is a GST Refund? […]
Top 10 Transformative Activities in Finance, Accounts, and Compliance Powered by AI
Over the past few months, I’ve been deep-diving into how AI is rapidly transforming finance, accounting, and compliance well beyond hype and headlines. Forward looking finance teams aren’t just dabbling with chatbots or surface-level automation. They’re making meaningful changes that are delivering time savings, fewer errors, and powerful new insights. So, if you’re a finance […]