❓What Is Impulse Buying? “I can’t miss this offer – it’s now or never!”“This looks so cute, I’ve got to get it.”“What if I regret not buying this later?” If you’ve had these thoughts while shopping, you’ve experienced impulse buying—making unplanned purchases driven more by emotions than actual needs. It could be a last-minute chocolate […]

CBIC has released revised rules to make GST registration easier and more transparent. The new guidelines aim to reduce paperwork, speed up the process, and prevent fraud—making it simpler for genuine business  to get registration. –    CBIC, Press Release: Press Information Bureau (PIB) Why this New Guideline ? When the GST system was first […]

If you’re running a business in India, you’ve probably come across HSN codes while dealing with GST filings. What is an HSN Code? HSN (Harmonized System of Nomenclature) is a globally recognized system for classifying goods.  It was developed by the World Customs Organization (WCO) to standardize product classification for taxation, trade, and customs purposes.  […]

On 1st Feb 2025, Saturday. Indian Finance Minister Nirmala Sitharaman was presenting the union budget for 2025. On this budget, there were important, notable, and shocking changes in indirect tax for FY 2025-26; they should reduce their slab rates, and also the tax rebate u/s 87A was increased by ₹60,000, which leads to there being […]

5 Ways GST Can Increase Your Profits in 2024

5 Ways GST Can Increase Your Profits in 2024

GST Invoice Format: A Comprehensive Guide

5 Ways GST Can Increase Your Profits in 2024

Can You Claim ITC on Car/Motor Vehicles Purchases under GST? In 2024 In India, claiming Input Tax Credit (ITC) on purchases helps businesses reduce their overall tax burden. But when it comes to cars/motor vehicles, things get a bit tricky.  Here’s a breakdown of ITC eligibility for car purchases under GST: Generally Not Eligible for […]

GST rate on e-commerce sales - 2023

GST implications for e-commerce sellers in India

GST Applicability for MSMEs in India

The Goods and Services Tax (GST) is a major tax reform in India The Goods and Services Tax (GST) is a single indirect tax that has replaced a number of cascading taxes in India that has been implemented since July 2017. The GST has subsumed most of the indirect taxes that were levied by the […]

The socio-economic history of India has been greatly influenced by the hand-spun and hand-woven fabric known as khadi. The Indian government has recently implemented many initiatives, like as tax exemptions  and incentives, to encourage the expansion of the khadi industry. The Goods and Services Tax (GST) Act is one such tax regulation that contains particular […]

Khadi, a hand-spun and hand-woven fabric, has been an important part of India’s cultural heritage for centuries. During India’s independence movement, Mahatma Gandhi popularised khadi as a symbol of self-sufficiency and economic independence. Khadi production continues to play an important role in the Indian economy today, employing millions of people. In this article, we will […]