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Your Trusted Business Partner
Under GST law, businesses are entitled to claim Input Tax Credit (ITC) on purchases. However, there’s a critical compliance clause many overlook — ITC must be reversed if the supplier’s invoice is not paid within 180 days. 📌 What the Law Says As per Section 16(2)(d) of the CGST Act: “If the recipient fails to […]
🔄 ITC Reversal on Non-Payment: What You Must Know Read More »
As the curtains close on FY 2024-25, Indian businesses have emerged from a year of volatility with valuable lessons on resilience, agility, and innovation. This financial year tested everything—from cash flow strategies to leadership agility—but it also revealed how firms that could adapt swiftly, embrace digital tools, and rethink risk emerged stronger than ever. 1.
What FY 2024-25 Taught Indian Businesses About Resilience and Adaptation Read More »
Selling, gifting, or even exchanging real estate in India can trigger complex tax consequences. Whether you’re a homeowner, investor, or developer, understanding capital gains tax and available exemptions is crucial to avoid surprises. Let’s break down everything you need to know — with expert support available anytime at 👉 hemantconsulting.com 📌 Capital Gains on Sale