Late GST Return? You Can’t Be Penalized Twice, Says Madras High Court.
Introduction: If you have filed late GST return , then the penalty under GST law cannot be imposed twice for the same delay, as clarified by the Madras High Court in its recent verdict. The Court cancelled a ₹50,000 penalty imposed on a taxpayer for late filing of the annual return in the case of […]
GST on Apartment Maintenance Charges in 2025 – Everything You Need to Know
Introduction Apartment owners in India regularly pay monthly maintenance Charges to their Housing Societies or Resident Welfare Associations (RWAs). These charges cover shared services such as cleaning, security, water supply, and facility upkeep. Since the rollout of the Goods and Services Tax (GST), it has become vital for residents and societies to understand whether these […]
GST on Garden Expenses for RWAs – A Simple Guide
Maintaining green spaces in housing societies is more than a beautification task—it’s part of everyday upkeep. But when Resident Welfare Associations (RWAs) spend on garden-related items, one question often comes up: Can they claim Input Tax Credit (ITC) under GST? Some believe that such expenses fall under blocked credits as per Section 17(5)(c) of the […]
ITC on Goods Damaged, Destroyed by Fire or Stolen: Complete GST Guide 2025
Introduction Have your goods ever been lost, destroyed in a fire, or stolen during transport? Situations like these affect not just your stock, but also your tax credits. According to Section 17(5)(h) of the GST Act, you cannot claim or retain ITC on goods that are lost, stolen, destroyed, written off, or given away as […]
Sai Ram Enterprises vs DGGI: A Landmark Ruling on ITC Blocking Timelines.
Introduction: The Delhi High Court has provided much-needed clarity on ITC blocking timelines under Rule 86A of the CGST Rules, 2017. In the case of Sai Ram Enterprises v. PR. ADG, DGGI, Gurugram & Anr. [W.P.(C) 5438/2025], the Court held that restrictions on Input Tax Credit (ITC) cannot remain in force beyond one year from […]
Top 5 Sectors Driving Value Growth (2014-2024) and Outlook for the Next Decade (2024-2034)
The last 10 years (2014–2024) witnessed exponential growth across industries—led by breakthroughs in technology, healthcare, fintech, and renewable energy. Innovation and digital adoption fueled massive value creation and reshaped global markets. As we look ahead, the next decade (2024–2034) promises even greater growth potential, with sectors like AI, digital health, climate tech, and cybersecurity set […]
Merchant Exports Under GST: Procedure, Benefits, and Compliance
Merchant exports are an essential part of India’s export ecosystem. The GST framework provides several benefits to these exporters by simplifying compliance and reducing tax outflows. This blog explains the key aspects of merchant exports under GST in a way that’s easy to understand. What Are Merchant Exports? A merchant exporter buys goods locally and […]
The Ultimate Mindset for Visionary Leaders and Attaining Lasting Fulfillment
Bhagavad Gita 2.72 Ancient Wisdom for Today’s Leaders Mindset In the fast-paced mindset world, ever-disrupting world of entrepreneurship, the pursuit of success often leads to anxiety and burnout. But, what if true fulfillment doesn’t come from chasing every opportunity — but from mastering a deeper state of mindset and purpose? Bhagavad Gita Chapter 2, Verse […]
GST Fraud Case: Key Lessons from Reliable Trading Company vs. DGGI
The Allahabad High Court recently dismissed a major GST-related writ petition. The case involved M/s Reliable Trading Company, accused of wrongly claiming Input Tax Credit (ITC) using fake suppliers. This decision has sparked interest across the business and tax community. Let’s break it down in plain language and explore what it means for you. Quick […]