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India’s GST Collection for October 2025 depicts an economic resilience by reaching ₹1.95 lakh crore. This marks a 4.6%YoY rise which reflects impressive compliance and improved consumption due to the festive season across all industries.  Let’s quickly scroll through the blog and check the highlights, refunds, and state-wise breakdown.  GST Collection for October 2025: Key Highlights … Continue reading GST Collection For October 2025 Reaches ₹1.95 Lakh Crore: 4.6% YoY Growth!

Have you ever wondered what happens to your goods when they cross state borders? Does GST vary when your business makes an order from Maharashtra to Gujarat or from Delhi to Tamil Nadu? That’s where interstate supply in GST comes in. As GST reforms keep on changing in India, it is important to note the… Continue reading Inter-State Supply in GST: Key Differences Between Interstate and Intrastate GST

If you have borrowed funds, which can be business loans, credit cards, or bonds. You need to pay interest on the money borrowed, and this is known as interest expense. It plays a crucial role in identifying a company’s profits, financial health/status, as well as tax obligations. Having a complete knowledge of the interest expense… Continue reading Interest Expense: Definition, Formula, Types, and Impact!

Have you ever found yourself wondering why there are certain costs in your business that always remain constant every month, regardless of the changes in production? These are your fixed costs – the costs that are the foundation of any business. Rent, insurance, and salaries do not change with respect to market conditions.  This is… Continue reading What is Fixed Cost in Business? Understand with Examples

Whenever a business is about to shut down its operations, merge with another company, or plan for government tenders, a GST clearance certificate is a must-have. It is the official proof that depicts that the taxpayer holds zero tax liabilities under his name. ​In other words, we can consider, GST tax clearance certificate to be… Continue reading How to Get a GST Clearance Certificate?

In the complex maze of GST compliance, where each invoice and each credit entry is important, a small mistake can attract a huge penalty. Most of the businesses fall prey to claiming maximum Input Tax Credit (ITC), but only a few know that you may have to reverse ITC if certain conditions are not met. … Continue reading What is ITC Reversal in GST? What are Rules 42 & 43?