GST Refund for E-commerce Sellers – Key Considerations
E-commerce sellers face multiple tax responsibilities under GST. Among them, claiming refunds is one of the most important. It helps maintain better cash flow and reduces the overall tax burden. This blog explains the key areas every online seller must focus on to claim GST refunds correctly and without delay. What Is a GST Refund? […]
Top 10 Transformative Activities in Finance, Accounts, and Compliance Powered by AI
Over the past few months, I’ve been deep-diving into how AI is rapidly transforming finance, accounting, and compliance well beyond hype and headlines. Forward looking finance teams aren’t just dabbling with chatbots or surface-level automation. They’re making meaningful changes that are delivering time savings, fewer errors, and powerful new insights. So, if you’re a finance […]
Comparative Study: GST Refund under Inverted Duty vs Export Without LUT
In the world of GST compliance, refund mechanisms offer much-needed relief for businesses facing blocked working capital. Two widely used refund avenues are Inverted Duty Structure (IDS) and Export Without LUT (Letter of Undertaking). While both fall under zero-rated supply mechanisms, their eligibility, documentation, and financial implications differ significantly. Let’s break down both scenarios and […]
7 Smart Inventory Actions to Boost Your Business Cash Flow
Inventory cash flow management is one of the most overlooked but powerful ways to improve your business’s financial health. Inventory plays a key role in daily operations, but if not managed carefully, it can tie up large amounts of cash. Poor inventory control often leads to excess stock, rising storage costs, and limited working capital […]
Key AI Use Cases for Chartered Accountancy (AICA by ICAI Portal Highlights)
ICAI has taken great initiative in providing training and a platform to share various AI use cases in accounts, finance, and compliance areas. Following are category wise use cases listed on the portal. 1. Audit, Compliance & Taxation Automation 2. Data Analytics, AI Agents & Decision Support | AI Use Cases 3. Accounting Process Automation […]
Delhi High Court Grants Relief to Ashish Metals Over ₹79.76 Lakh GST ITC Demand
Overview In a significant judgment that brings procedural fairness to the forefront, the Delhi High Court has granted interim relief to MS Ashish Metals in a matter GST ITC Demand an alleged wrongful availment of Input Tax Credit (ITC) worth ₹79.76 lakhs. The case highlights how a typographical error in GST return filing can snowball […]
Save Tax in Advance: Why a Lower TDS Certificate Makes Financial Sense
Introduction: Many taxpayers see their income reduced by TDS even when their actual tax liability is lower. This leads to excess deductions and long refund waits. A Lower TDS Certificate helps you prevent that. This blog explains what it is, who should consider it, and why it matters so you can keep more of your […]
Advisory: Auto-Populated Liability in GSTR-3B to Become Non-Editable from July 2025
Introduction The Goods and Services Tax Network (GSTN) is rolling out a crucial change for taxpayers from the July 2025 tax period onwards. As part of the government’s efforts to streamline GST return filing and improve data accuracy, the auto-populated tax liability in Form GSTR-3B will become Non-Editable. This blog outlines what’s changing, how it […]
Delhi High Court Directs Immediate GST Refund to Truth Fashion with Interest
In a significant legal win for MSMEs, the Delhi High Court has ordered the Commissioner of DGST, Delhi, to immediately release a GST refund of ₹18.33 lakh to Truth Fashion, a proprietorship owned by Ms. Sadia. The Court also instructed the authorities to pay interest on the delayed refund, as mandated under Section 56 of […]
June 2025 Compliance Checklist: TDS, GST, PF, Advance Tax & More
As we enter June 2025, it’s important for businesses, startups, professionals, and accountants to stay updated with key due dates for tax payments, filings, and statutory compliance. Missing deadlines can lead to penalties, interest charges, and notices from authorities. To help you stay organized, here’s a detailed and simplified list of all important compliance deadlines […]