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Introduction The 57th GST Council meeting, held on 8 October 2026, introduced a series of recommendations aimed at making India’s Goods and Services Tax (GST) system simpler, more transparent and business-friendly. Rather than focusing on a broad revision of GST rates, this meeting concentrated on practical challenges faced by businesses, including GST registration delays, refund […]

Introduction Filing GST returns accurately and on time is an essential responsibility for businesses registered under the Goods and Services Tax (GST) system in India. Two important GST forms that regular taxpayers commonly need to file are GSTR-1 and GSTR-3B. Although both forms relate to GST compliance, they serve different purposes. GSTR-1 reports details of

Running a Private Limited Company comes with several legal responsibilities beyond managing day-to-day business operations. Every company registered under the Companies Act, 2013 must comply with various regulations laid down by the Ministry of Corporate Affairs (MCA), the Income Tax Department, and other regulatory authorities. Many businesses, especially startups and small companies, unintentionally miss important

Starting a business is an exciting journey, but building a successful startup also requires access to the right support and opportunities. One of the most valuable steps for an eligible startup in India is obtaining a Startup India Certificate, also known as DPIIT Startup Recognition. The Startup India initiative, launched by the Government of India, aims to

Businesses involved in high-value purchase transactions must be aware of the provisions of Section 194Q of the Income-tax Act, 1961. This section requires eligible buyers to deduct Tax Deducted at Source (TDS) on the purchase of goods from resident sellers once certain conditions are met. Understanding these rules is essential to avoid penalties, interest, and non-compliance. In