Be the Ocean: Build a Business with Calm, Focus, and Depth Lessons
Bhagavad Gita: Chapter 2, Verse 70 Unshakeable Calm in Entrepreneurship In today’s fast-paced Business world, where goals, desires, and distractions flood us like rushing rivers, how do we stay centered and focused? How do we filter out noise and build resilience as entrepreneurs? Bhagavad Gita: Chapter 2, Verse 70 Sanskrit: _“आपूर्यमाणमचलप्रतिष्ठं समुद्रमापः प्रविशन्ति यद्वत्। तद्वत्कामा […]
Awake to What Truly Matters: Bhagavad Gita for Entrepreneurs
Awake to what truly matters: Bhagavad Gita
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 […]
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 […]