Big Win for Exporters: No FIRC Needed, Rules Gujarat HC
Introduction In a major victory for exporters, the Gujarat High Court has ruled in favor of Kuehne + Nagel Pvt. Ltd., allowing the refund of unutilized Input Tax Credit (ITC) without the submission of Foreign Inward Remittance Certificates (FIRCs). This judgment will benefit businesses that export services and receive foreign exchange through RBI-approved net-off clearing […]
₹1,050 Price Tag, GST Confusion & Online Sales: A Clothing Vendor’s Daily Puzzle
Introduction: The textile and garment industry is the backbone of India’s MSME sector. Whether you’re a manufacturer in Surat, a trader in Delhi’s Chandni Chowk, or selling shirts online from Tiruppur, one thing is common: dealing with GST compliance isn’t easy. Over the last few years, GST laws have evolved, but for garment vendors — […]
From Salary to Stocks All You Need for Filing Income Tax Return with New Rules & Rates (2025)
Introduction: – ITR Filing FY 2024-25 has started, and like every year, many of us begin collecting documents without fully understanding the process. Whether you’re salaried, self-employed, retired, or investing in stocks, it’s important to know how your income is taxed. This blog will walk you through everything—income types, capital gains, TDS, exemptions, and how […]
EBITDA vs Operating Cash Profit: 7 Key Differences
EBITDA vs Cash Profit is a comparison every business owner should understand. Just because EBITDA shows a profit doesn’t mean cash is actually available. We’ve seen it too often strong EBITDA, yet the business struggles with cash crunches. Why? Because EBITDA and Operating Cash Profit are not the same. Here are 7 key differences you […]
GST Secrets Every Business Must Know About Gifting, Sampling & Events.
Introduction: Business often spend money on free sampling, gifting, and events for customers or employees. These activities help with marketing and employee engagement. However, when it comes to GST, not all such expenses are eligible for claiming Input Tax Credit (ITC). As per Section 17(5) of the CGST Act, some of these expenses are considered […]
Due Diligence from Seller’s Perspective
Due Diligence from Seller’s Perspective is not just about sharing documents it’s an emotional phase of every deal. Even when the books are clean and the business is genuine, it can feel like being under a microscope. Every question seems like a test. Every delay might look like a red flag. But often, sellers aren’t […]
Trusts & NGOs: Must-Follow FCRA Rules to Stay Compliant in 2025
Running a trust or NGO FCRA isn’t just about doing good work – you already know that. It’s about managing everything from people, projects, and planning… to paperwork. And one of the biggest things that often gets ignored or delayed is legal compliance – especially when it comes to receiving funds from outside India. Let’s […]
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 […]