Supreme Court Clarifies: No GST on Assignment of MIDC Leasehold Rights
📌 Introduction The Supreme Court of India has delivered a landmark judgment that will have far-reaching consequences for industries across Maharashtra and beyond. By upholding the Bombay High Court’s ruling, the apex court has confirmed that assignment of leasehold rights in industrial land allotted by the Maharashtra Industrial Development Corporation (MIDC) does not attract GST. […]
GST Audit vs GST Compliance in India: Which Service Does Your Pune Business Actually Need?
Many businesses confuse GST audit with GST compliance, even though both services solve very different problems. In simple terms: GST compliance focuses on ongoing filing, reconciliation, reporting, and adherence to GST regulations. GST audit focuses on reviewing GST records, identifying discrepancies, assessing risks, and ensuring reporting accuracy. Most SMEs and startups in Pune primarily need […]
GSTN Advisory: Enhancements to the e-Way Bill System (Effective May 20, 2026)
GSTN Advisory: Enhancements to the e-Way Bill System (Effective May 20, 2026) 📖 Introduction The Goods and Services Tax Network (GSTN) has rolled out a significant advisory introducing new features and compliance requirements in the e-Way Bill (EWB) system. These changes, effective from May 20, 2026, aim to strengthen traceability, improve compliance, and streamline workflows […]
Claiming ITC Refunds in 2026? Upload Annexure B from offline utility and not PDF!
Introduction On May 18, 2026, the GSTN introduced a significant change in the way taxpayers file refund applications involving accumulated Input Tax Credit (ITC). Until now, Annexure‑B was uploaded in PDF format, which limited automation and system‑based verification. To streamline the process, a standardized Annexure‑B Offline Utility has been deployed on the GST portal. This […]
Top Accounting & Bookkeeping Services in Pune for SMEs & Startups
TL;DR Startups and SMEs in Pune are increasingly outsourcing accounting and bookkeeping functions to improve compliance accuracy, maintain financial clarity, and reduce operational inefficiencies. This guide explains: What businesses should expect from modern bookkeeping firms Key accounting services startups need in 2026 How to compare accounting firms effectively Common bookkeeping mistakes businesses should avoid Why […]
GST Rate Revision on Beverages from 1 May 2026: Complete Business & Compliance Guide
Introduction: The Goods and Services Tax (GST) Council has introduced a significant change in the taxation of beverages, effective 1 May 2026. CBIC has issued Notification No. 01/2026-Central Tax (Rate) on 30 April 2026. This amendment, notified by the Central Board of Indirect Taxes and Customs (CBIC) under the Finance Act 2026, reclassifies beverages into distinct […]
Top CA Firms in Pune for Audit & Assurance Services in 2026: A Complete Comparison for Growing Businesses
TL;DR Businesses in Pune are increasingly looking beyond traditional compliance support and seeking CA firms that can provide strategic audit, assurance, risk assessment, GST compliance, and financial transparency support. This guide compares what businesses should evaluate before choosing an audit firm in Pune in 2026, including: Statutory audit expertise Internal control systems GST and […]
Form 145 & 146 for Non-Resident Payments (2026)
Introduction Cross-border payments are a critical area of compliance under Indian tax law. For years, taxpayers relied on Form 15CA and Form 15CB under the Income-tax Act, 1961 to declare and certify remittances made to non-residents. These forms ensured transparency, proper deduction of tax at source (TDS), and compliance with DTAA provisions. With the Income-tax […]
TDS Payment FY 2026-27: New Section Codes
Introduction From FY i.e. TY 2026-27, the landscape of Tax Deducted at Source (TDS) compliance has undergone a major update with the introduction of new section codes. These codes are now mandatory for deductors to select while making TDS payments, ensuring precise categorization of transactions and improved reconciliation with returns. The change is aimed at […]
Managing Bulk Invoices Made Easy: GSTN Launches IMS Offline Tool!
Introduction The Invoice Management System (IMS), introduced on the GST portal from the October 2024 tax period, marked a significant step toward streamlining invoice compliance for taxpayers. By allowing recipients to accept, reject, or keep invoices pending, IMS has simplified reconciliation and improved transparency in return filing. To further enhance convenience, the GST portal has […]