Focusing on Operating Cash Flows helps Businesses Maintain a Strong Grip on Day-to-Day Financial Health
In everyday business operations, monitoring operating cash flows is critical. While income statements show profits, they don’t always reflect the actual cash position. That’s why the operating activities section of the cash flow statement becomes a vital tool. Operating activities are those business functions that relate directly to revenue generation sales, purchases, payments to employees […]
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 […]
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 […]
The Importance of Tracking Cash Flow for Business Growth
Cash flow tracking is essential for businesses because it allows them to monitor not only the accounts receivable but also the available capital they have on hand when it is needed. Even if a business appears to be profitable based on a financial report, failure to have adequate available cash will always hinder its day-to-day […]
Your GST Supplier is Fake – Are You Liable? This Case Could Save Your Business.
Introduction The Arhaan Ferrous & Non-Ferrous Solutions Pvt. Ltd. vs. State of Andhra Pradesh GST Case study—whether authorities can penalize a bona fide purchaser for buying goods from a supplier they later find to be non-existent or fraudulent. This case sets a legal precedent on the extent of a buyer’s responsibility in verifying the legitimacy […]
The Battle of the Mind in Entrepreneurship- Bhagavad Gita 2.60
Sanskrit Verse: यततो ह्यपि कौन्तेय पुरुषस्य विपश्चित: | इन्द्रियाणि प्रमाथीनि हरन्ति प्रसभं मन: || Translation: “O Kaunteya (Arjuna), even a wise person who strives to control the mind may still be overpowered by the turbulent senses.” Understanding the Verse Krishna highlights the difficulty of controlling one’s senses and emotions. Even the most disciplined individual can […]
Can a Co-Owner Block GST Registration? Insights from Satya Dev Singh Case
Introduction This case deals with the question of whether the consent of all co-owners is required for obtaining Goods and Services Tax (GST) registration when one co-owner provides proof of ownership, such as an electricity bill, in their name. The Allahabad High Court ruled that when an applicant furnishes documentary proof of ownership, such as […]
ITC in Real Estate: A Guide for Developers, Contractors & Buyers
Introduction The restriction on Input Tax Credit (ITC) in real estate arises from Section 17(5) of the CGST Act, 2017. This section classifies specific expenses as ineligible for credit. Further, amendments and notifications have added constraints, mainly affecting residential and commercial projects. ITC under GST allows businesses to offset tax paid on inputs like raw […]
The Importance of Due Diligence in Business Deals (Merger/Acquisition/Investment)
Due diligence is a crucial process in business transactions, especially when it comes to mergers, acquisitions, or investment opportunities. It involves investigating and evaluating a business before entering into a deal, ensuring that the buyer is fully aware of what they are acquiring. This process is essential to mitigate risks, make informed decisions, and establish […]
Why 2025 is the Year to Adopt Value-Based Pricing Model?
As businesses move into 2025, traditional cost-plus pricing is becoming less effective. The shift towards value-based pricing—where prices are set based on perceived customer value rather than production costs—is revolutionizing industries. Companies adopting this approach are seeing increased profitability, stronger customer loyalty, and greater market differentiation. Why Choose Value-Based Pricing? Value-based pricing aligns a product’s […]