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🔍 Introduction The Karnataka High Court’s 2025 judgment in CIT vs Karnataka State Industrial & Infrastructure Development Corporation  has settled a long-standing dispute on whether settlement payments made during commercial disputes can be disallowed as “penalty”. This decision is highly relevant for businesses facing litigation, supplier disputes, contract cancellations, or compensation claims — and it confirms that such payments are fully allowable  under Section 37(1) wh

🔍 Introduction With the rollout of GST 2.0  in September 2025, the Indian indirect tax landscape witnessed its biggest structural overhaul since 2017. Among the many changes, one that directly impacts businesses with multiple GST registrations is the mandatory use of the Input Service Distributor (ISD)  mechanism — effective retrospectively from April 1, 2025 , with enforcement starting January 1, 2026 . This blog unpacks everything businesses need to know about this crucial

Starting a business is exciting, but it can also feel overwhelming. From choosing the right structure to handling legal paperwork, every step matters. Many people start off with enthusiasm but miss the foundational decisions that decide their business’s future. That’s where startup formation assistance  helps — it simplifies the process, saves time, and prevents costly mistakes. Normally what happens is, without consulting professionals, many people directly form a company or

From 1st November 2025 , GST registration has become faster for small businesses. A new rule allows GST registration to be approved in just 3 working days  — and in many cases, even quicker — without any officer calling or visiting. This option is available for low-risk businesses . Let’s understand who can apply, how much turnover is allowed, and when someone has to come out of this scheme. 🟢 What is this new rule? The government brought this in through Notification No. 18/

The CBIC has issued Instruction No. 06/2025-GST dated 3rd October 2025 , introducing a major reform in the GST refund process. Based on the recommendation of the 56th GST Council meeting  held on 3rd September 2025, this instruction aims to make refunds faster, smarter, and risk-based  — a welcome change for exporters and manufacturers facing working capital challenges. Let’s understand what this instruction means, how it works, and what professionals and taxpayers must do to

A New Chapter in GST Demand & Recovery The Goods and Services Tax law has taken a major structural shift with the introduction of Section 74A , which merges the provisions of Sections 73 and 74.From FY 2024-25 onward , all cases of tax short-payment, erroneous refund, or wrong ITC availment — whether due to error or fraud — will now be governed under this single section. This simplification aims to bring uniform timelines , rational penalty structure , and early compliance op

Every day, business owners juggle multiple tasks, manage teams, and strive to meet customer expectations. But what if you could make your operations more efficient, reduce costs, and boost productivity? That’s where business process optimization  comes in. It’s a game-changer that can transform how your business works — and when combined with ERP consulting , the benefits multiply. When we implemented process optimization for one of our clients, we faced resistance from almos

Imagine paying lakhs in taxes every month, keeping every invoice perfect, and still being told one day — “Your tax credit balance is now useless.” That’s exactly what thousands of automobile dealers across India are facing today. 🔹 The Backstory — Why was this “Compensation Cess” collected? When India introduced GST in 2017 , it merged almost all indirect taxes into one.But States were worried they might lose their share of revenue.So the Centre promised — “Don’t worry, we’

💡 Introduction When the Goods and Services Tax (GST) was introduced, the dream was “One Nation, One Tax.”Yet, in real practice,...

When we hear the word “income” , most of us think of salary . But under the Income Tax Act, any money you receive is considered income...

From 22nd September , the revised GST rates will come into effect, bringing lower taxes on several daily essentials  and consumer goods....

📌 Introduction Tax planning often involves transferring assets to family members. But what many forget is that the Income Tax Act has...

Understanding the tax system is crucial for managing your finances effectively. In India, the tax structure can seem complex, but with...

Introduction In India’s fully digital income tax regime, taxpayers trust the ITR utility  and Central Processing Centre (CPC)  to follow...

If you run a school, college, hospital, or charitable trust, there’s one small form that can decide whether you pay zero tax  or a huge...

In a landmark move, the Telangana High Court  recently granted relief to National Remote Sensing Centre (NRSC) —a government agency under...

🧨 The Trigger: With GST authorities cracking down on shell companies and fake invoice frauds, thousands of GST registrations are being...

🚨 Background In a significant ruling, the CESTAT Kolkata Bench  quashed a ₹2.16 crore central excise demand raised against Akshaya Steel...