Due Diligence from the Buyer’s Perspective
Due Diligence from Buyer’s Perspective is a crucial step before any business acquisition, investment, or partnership. It helps buyers see beyond surface-level numbers and understand what they are truly getting into. When you’re on the buyer’s side of a deal whether acquiring a company, investing in one, or entering a joint venture the financial statements, […]
Essential 2025 Tax Compliance Checklist for Trust & NGO
Introduction Running a charitable Trust or NGO involves significant responsibility. In addition to serving society, you must also focus on complying with income tax laws. For instance, whether your organization works in education, healthcare, or religious fields, maintaining compliance is crucial. Otherwise, it may lead to the loss of tax benefits and severe penalties. Below […]
Unmet Hopes of 55th, Big Expectations from 56th GST Council Meet
Introduction: GST impacts us all—whether you’re running a business, buying groceries, or providing services. Every decision the GST Council makes can affect your cash flow, pricing, or compliance efforts. As we approach the 56th GST Council Meeting, there’s a lot of curiosity and even some frustration. Why? Because the 55th meeting left many expected decisions […]
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 […]
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 […]
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, […]
Why Do Good Leaders Falter? Ancient Wisdom for Modern Action
Bhagavad Gita 3.1 The Eternal Question of Human Behavior Even the brightest entrepreneurs and most disciplined leaders can find themselves acting against their own better judgment. Why do we sometimes make decisions that contradict our values, mission, or strategic intent? Centuries ago, Arjuna asked Krishna the very same question at the start of Chapter 3 […]
Don’t Claim IGST ITC on Hotel Accommodation Outside Your State – Know the Rule
Introduction When dealing with IGST ITC under the Goods and Services Tax (GST) regime, understanding the place of supply is critical. Many businesses unintentionally claim ITC for interstate services, believing the tax paid is valid under the Reverse Charge Mechanism (RCM). However, in specific service categories like hotel accommodation, this assumption can lead to non-compliance. […]
The Importance of HSN Codes and GST Rates During GST Returns and Refunds:
Introduction: If you run a business and file GST returns, you must pay attention to HSN codes. These codes tell the government exactly what kind of goods or services you are selling. Using the right HSN code means you pay the right GST and can get your refunds faster. In this blog, I’ll explain why […]