Top GST Changes from April 2025 That Every Business Must Know
As the financial year 2025–26 begins, the Indian government has introduced several important updates to the Goods and Services Tax (GST) regime. These changes aim to improve tax compliance, ensure timely reporting, and enhance the transparency of financial transactions. Whether you’re a large corporation or a small business, it’s essential to understand and implement these […]
GST on Development Agreements: Bombay High Court Offers Major Relief to Real Estate Developers
Judgment Date: April 8, 2025 Case: Shrinivasa Realcon Pvt. Ltd. vs. Deputy Commissioner, CGST Court: Bombay High Court, Nagpur Bench Judges: Justice Avinash G. Gharote & Justice Abhay J. Mantri Overview of the Case Shrinivasa Realcon Pvt. Ltd. entered into a development agreement on April 7, 2022, with a landowner in Nagpur. The agreement allowed […]
Simplifying GST Registration in India: CBIC’s Latest Instructions for 2025
Introduction Getting a GST registration in India has often been seen as a slow and confusing process. Many businesses have struggled with unclear documentation, multiple follow-ups, and unnecessary delays. Thankfully, there’s good news for entrepreneurs and professionals alike. In April 2025, the Central Board of Indirect Taxes & Customs (CBIC) released Instruction No. 03/2025-GST. These […]
Nil Rated, Exempted, Non-GST & Schedule III Items: A Practical Comparison for Businesses
Introduction: Understanding the different categories of supplies under GST, such as Nil Rated, Exempted, Non-GST Supplies, can be tricky, but it’s essential for businesses to get it right. Mistakes in classifying these supplies can lead to tax issues, missed opportunities to claim tax credits, and even fines. Whether you run a business or are involved […]
Claiming Refund for Excess Payment of Tax under GST – A Step-by-Step Guide
Overpaid GST due to an error? You’re not alone. Many businesses accidentally pay GST twice or enter the wrong tax head. Fortunately, the GST system allows you to request a refund for any excess payment of tax using Form RFD-01. Let’s break down the process into clear steps, so you can claim your refund without […]
Key GST Updates for April 2025: Changes in GSTR-1, GSTR-1A & GSTR-3B You Must Know
The Goods and Services Tax Network (GSTN) has introduced important updates that will apply from the April 2025 tax period. These GST updates focus on changes in Table-12 of GSTR-1/GSTR-1A and Table 3.2 of GSTR-3B. Businesses must understand these changes to file returns correctly and avoid compliance issues. Let’s take a closer look at the […]
The Focused Founder: Mastering the Senses for Strategic Success
Bhagavad Gita: 2.68 Sanskrit Verse: तस्माद्यस्य महाबाहो निगृहीतानि सर्वशः | इन्द्रियाणीन्द्रियार्थेभ्यस्तस्य प्रज्ञा प्रतिष्ठिता || 68 || Translation: “Therefore, O mighty-armed Arjuna, the one whose senses are completely restrained from their objects—his wisdom is firmly established.” Understanding the Verse This verse from the Bhagavad Gita delivers a timeless message: Self-mastery is the foundation of sound judgment. […]
GST on Real Estate in India: A Simplified Overview for Homebuyers and Developers
The implementation of the Goods and Services Tax (GST) brought significant changes across industries in India, and the real estate sector is no exception. Understanding the GST implications on residential properties is vital for both developers and homebuyers. This blog simplifies the GST framework on real estate, its historical evolution, and its impact on property […]
The Entrepreneur’s Mind: Steering the Senses for Success
Bhagavad Gita: Chapter 2.67 Sanskrit Verse: इन्द्रियाणां हि चरतां यन्मनोऽनुविधीयते | तदस्य हरति प्रज्ञां वायुर्नावमिवाम्भसि || Translation: “As a boat on the water is swept away by a strong wind, even one of the wandering senses on which the mind focuses can carry away a person’s intelligence.” The Entrepreneurial Lens: The Power of a Focused […]
GST Waiver Applications: Common Challenges and Solutions
Filing waiver applications (SPL 01/SPL 02) under the GST waiver scheme has presented several challenges for taxpayers. The Goods and Services Tax Network (GSTN) has acknowledged these issues and is working towards resolving them. Meanwhile, understanding the problems and available solutions can help taxpayers navigate the process smoothly. Challenges Faced While Filing GST Waiver Applications […]