IPO Weekly Update – Monday, May 12, 2025
Last week, three IPOs were launched, collectively raising ₹550 crores. Investor sentiment remained upbeat, especially in niche and growth-oriented sectors. Here are the top performers: Upcoming IPOs This Week The IPO calendar for this week features a diverse mix of offerings, from infrastructure giants to healthcare innovators and promising SMEs: These IPOs are expected to […]
GSTR-4 Annual Return Filing Guide for Composition Scheme – FY 2024–25:
Introduction: If you’re a taxpayer under the GST Composition Scheme, your annual compliance doesn’t end with quarterly CMP-08 filings. You must also file the GSTR-4 Annual Return—a crucial summary of your financial year’s activity. Failing to file GSTR-4 may lead to hefty penalties, even if you had no business activity. Whether you’re running a small […]
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 […]
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 […]
Missed Your ITR Filing or e-Verification Deadline? Here’s How to Fix It (2025 Update)
If you’ve missed filing your Income Tax Return (ITR) or didn’t e-verify it on time, you’re not alone. Many taxpayers run into this issue each year. Fortunately, the Income Tax Department offers a remedy — the Condonation Request. Think of it as your official request for a second chance to stay compliant without penalties. In […]
Zero touch Regulatory Reporting – The Future of Compliance
In an era where financial compliance is more dynamic and demanding than ever, organizations are turning to technology not just for support, but for transformation. One such innovation making waves in the finance and accounting (FnA) domain is Zero-touch Regulatory Reporting. This paradigm shift enables companies to automate the end-to-end process of regulatory submissions with minimal to […]
Brand Usage in Related Parties: GST Lessons from Mahindra & Mahindra’s ₹146 Cr Notice
Introduction: When companies in the same group use the same brand name, it might seem like a simple internal arrangement. However, the recent case with Mahindra & Mahindra (M&M) shows us that this can have serious tax consequences under the Goods and Services Tax (GST) law. M&M received a massive ₹146 crore tax notice because […]
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 […]