Bharat Mint Wins CGST Refund Dispute: Court Rules in Favor of Substance Over Form
Introduction Filing for a GST refund can be a complex process, especially when technical issues or software errors get in the way. One such case recently made headlines when Bharat Mint & Aroma Chemicals, a registered taxpayer, found their genuine CGST refund claim denied—simply because the refund was mistakenly filed under the wrong tax head. […]
Startup Schemes for AI Startups in India: Who’s Actually Funding Innovation?
AI startups in India are growing fast, but turning a great idea into a real product takes more than just ambition hence it needs the right kind of funding and support. To help with this, the Indian government has rolled out several funding schemes designed especially for AI and deep-tech startups. These programs don’t just […]
Internal Controls & ICFR Reporting: A Backbone of Corporate Governance
Introduction In any business, whether it is a fast-growing startup or a well-established company, having the right systems in place lays the foundation for long-term success. And here the internal controls come in. Think of them as protective measures that help businesses run smoothly and use resources effectively and efficiently. They help spot errors, catch […]
📘 Mastering Form 16 – A Practical Guide for Employers & Employees
Every year, when tax season is around the corner, most salaried people will hear the words “Form 16” from their HR or payroll team. In fact, it isn’t just some formality — instead, it serves as the paper trail that confirms the TDS mentioned in your payslip has actually made its way to the government’s […]
Cash In, Not Out: GST Refund Best Practices for Growing Startups
Introduction Startups in India operate in a fast-paced environment with limited resources and tight cash flows. While GST compliance is mandatory, GST refunds are an often-ignored opportunity to bring much-needed liquidity back into the business. If you’re exporting services, facing an inverted duty structure, or accumulating excess Input Tax Credit (ITC), you may be eligible […]
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 […]
Bill It, Ship It, Track It: From Dispatch to Destination E-Way Bill Guide
A consignment of goods valued at more than Rs. 50,000 is covered under Section 68 of the Goods and Services Tax Act, along with Rule 138 of the CGST Rules. The registered person or transporter responsible for causing the movement of goods must generate the E-Way Bill from the GST Common Portal (e-Way Bill System) […]
Don’t Miss These: Your August 2025 Tax Compliance Calendar Simplified
August is here, and while it brings the festive spirit for many, for businesses it also brings a string of deadlines that demand attention. The start of a new month is always a good time to check your compliance calendar—and August is no exception. If you want to keep your business running without disruption, staying […]
Unblocking MSMEs Cash Flow: The GST Refund Game Plan
Goods and Services Tax (GST) was introduced with the vision of simplifying the indirect tax system in India. For Micro, Small, and Medium Enterprises (MSMEs), one of the most anticipated benefits under GST is the timely refund of input tax credit (ITC) and other eligible amounts. However, in practice, many MSMEs face serious difficulties in […]
Tech-Enabled Outsourcing with AI: The New Era of Finance, Accounting & Compliance
The AI outsourcing model has evolved. What once revolved around cost-cutting and offshoring is now driven by technology, automation, and intelligence. Today, AI-powered outsourcing is reshaping how organizations manage their Finance, Accounting, and Compliance (F&A+C) functions, unlocking efficiency, accuracy, and real-time decision-making. What Is Tech-Enabled Outsourcing? It’s more than just shifting tasks. It’s about reengineering […]