Common GST Mistakes Businesses Should Avoid

Introduction Goods and Services Tax (GST) has significantly transformed India’s indirect tax system, streamlining taxation for businesses. However, due to its complex structure and frequent updates, many businesses make errors…

How to Register for GST in India: Step-by-Step Guide

Introduction Goods and Services Tax (GST) registration is mandatory for businesses exceeding the prescribed turnover limit and for those involved in inter-state supply of goods and services. The registration process…

GST Council Meetings: Key Decisions & Future Implications

Introduction The Goods and Services Tax (GST) Council is the apex decision-making body for the implementation, modification, and rationalization of GST in India. Comprising the Union Finance Minister as the…

Understanding Input Tax Credit (ITC): GST

Input Tax Credit (ITC) is a fundamental component of India’s Goods and Services Tax (GST) framework, designed to prevent the cascading effect of taxes and reduce the overall tax burden…

Letter of Undertaking (LUT) in GST: A Complete Guide for Exporters

The Letter of Undertaking (LUT) is an essential compliance document under the Goods and Services Tax (GST) regime in India. It allows exporters to supply goods or services without paying…

Loan Against Mutual Funds: A Smart Way to Leverage Investments

Mutual funds are a popular investment avenue, offering investors an opportunity to grow their wealth over time. However, what many investors may not be aware of is that mutual funds…

Trump’s New Tariffs on Canada, Mexico, and China: A Trade War Escalation

In a dramatic move that has reignited global trade tensions, former U.S. President Donald Trump has imposed significant tariffs on imports from Canada, Mexico, and China. The decision, announced on…

Why India Must Significantly Increase Its R&D Budget

Introduction Research and Development (R&D) is the driving force behind economic growth, technological progress, and national security. Countries that invest heavily in R&D lead in innovation, industrial growth, and scientific…

Why India Needs a $100 Billion Defense Budget

India’s defense budget for 2024-25 stands at approximately $78 billion, making it the third-largest military spender in the world after the United States and China. While this allocation reflects the…

India’s Defence Budget 2025-26: Key Allocations, Strategic Implications

Introduction The Union Budget 2025-26 has allocated a record ₹6.81 lakh crore for the Ministry of Defence (MoD), marking a 9.53% increase from the previous year. This allocation underscores India’s…