Unlock your business potential with the power of a trusted Business Buddy!
The Power of a Trusted Business Buddy ! In this blog post, we delve into the pivotal role of a trusted business buddy and how it can profoundly impact your entrepreneurial journey. As an entrepreneur, navigating the complex landscape of business can often feel like embarking on a solo expedition into uncharted territory. The journey […]
Understanding Input Tax Credit on Food: What You Need to Know
In the realm of Goods and Services Tax (GST), understanding the intricacies of Input Tax Credit (ITC) is crucial for businesses to optimize their tax liabilities. While most inputs are eligible for ITC, food and beverage supplies often present a unique scenario. Let’s delve into the nuances of claiming Input Tax Credit on food and […]
Don’t Know How to Build a Business Model?
A Beginner’s Guide to Building a Solid Business Foundation Are you someone with a brilliant business idea but unsure how to transform it into a viable venture? Or perhaps you’re already running a business but struggling to define or refine your business model? You’re not alone. Many aspiring entrepreneurs and even established owners find themselves […]
The Impact of GST on Export Businesses in India
India, a significant exporter of goods and services, plays a crucial role in the global economy. Businesses that export from India are categorized as zero-rated suppliers under the Goods and Services Tax (GST), making certain supplies GST-exempt. This special categorization allows exporters to claim a refund of the GST paid on the inputs and input […]
Advance Payments and GST: Your Roadmap to Tax Compliance
Advance payments are a common practice in business transactions, allowing parties to secure goods or services ahead of delivery. However, when it comes to taxation, particularly under the Goods and Services Tax (GST) regime, understanding the treatment of advance payments is crucial. Here’s a breakdown of the key aspects: GST Advance Receipt Voucher Essentials Issuing […]
Implications of the Supreme Court’s Judgment on Employee Secondment and Instruction No. 05/2023-GST
Introduction In a recent directive from the Government of India’s Ministry of Finance, the Department of Revenue, Central Board of Indirect Taxes and Customs, GST Policy Wing, has addressed a critical issue that has been the subject of much debate in the corporate world. The directive, dated 13th December 2023, pertains to the Supreme Court’s […]
Improve Team Dynamics for Business Success !
Efficiency is the secret ingredient to a successful business. Efficiency is the secret ingredient to a successful business. It’s what keeps the wheels turning smoothly and helps you stay ahead in a competitive market. But achieving efficiency isn’t just about working harder; it’s about working smarter. And one of the keyways to do that is […]
Decoding the Impact of Soft Drink Composition on GST
Soft drinks, ubiquitous in our daily lives, have recently found themselves under the spotlight yet again due to the implementation of Goods and Services Tax (GST). The complexity surrounding their tax structure in India has long been a matter of discussion, owing to the absence of clear guidelines in the realm of service tax. Understanding […]
Rising Strong: Navigating Forward When Your Business Model Falls Short
Build strong Business Model In the dynamic landscape of business, encountering setbacks is not uncommon. Even the most meticulously crafted business models can sometimes fall short of expectations. However, the true measure of success lies in how we rise from these challenges, adapt, and forge ahead. In this blog post, we delve into actionable strategies […]
Demystifying GST on Rent of Residential Properties: What Landlords and Tenants Need to Know
Are you navigating the Complex of GST regulations surrounding residential property rentals? Whether you’re a landlord renting out your property or a tenant leasing a space for your business, understanding the nuances of Goods and Services Tax (GST) is crucial. Let’s delve into the essentials to demystify GST on rent of residential properties. Understanding GST […]