Input Tax Credit on Works Contract & Construction (Section 17(5)(c) & 17(5)(d))
Input Tax Credit on Works Contract is one of the most confusing areas under GST. Many businesses claim GST on office renovation, interiors, painting, and construction but later face reversal with interest and penalty during audit. The reason lies in Section 17(5)(c) and 17(5)(d) of the CGST Act, which block ITC on immovable property. Therefore, […]
The Cycle of Value Creation – The Entrepreneur’s Duty
The Verse (Bhagavad Gita 3.16) एवं प्रवर्तितं चक्रं नानुवर्तयतीह यः । अघायुरिन्द्रियारामो मोघं पार्थ स जीवति ॥ Simple Meaning Those who do not participate responsibly in the ongoing cycle of creation and contribution live a wasted professional life, driven only by short-term gratification. Why This Verse Matters to Entrepreneurs This verse explains a harsh but […]
E-commerce Reconciliation MIS: 7 Practical Reconciliations Every Online Business Must Track
In e-commerce, you’ve probably noticed the same thing that many others experience:Sales look great on paper, but when it comes to cash in the bank, it doesn’t add up.Businesses struggle with delayed settlements, high returns, and accounting records that don’t match reality. You’ve done everything right – but things just aren’t matching. And it’s not […]
- 1
- 2