Founders often struggle with investor conversations due to financial jargon. Understanding core finance terms helps founders pitch confidently and run sustainable businesses.
This explains the purpose and legal importance of an undertaking filed with a GST refund claim. It highlights how the declaration safeguards against unjust enrichment and wrongful refunds.
ITC rejection based solely on a “non-existent supplier” theory is legally unsustainable. The key takeaway is that proof of goods movement, payment, and use overrides blanket assumptions.
Learn how to calculate and file refunds for unutilized ITC when input tax rates exceed output tax rates, ensuring compliance and faster processing.
GSTN clarifies that supplies added or amended via GSTR-1A will auto-populate Tables 4 and 5 in GSTR 9, ensuring annual returns reflect the most updated liability data.
Exceeding ₹2.5 lakh B2B output tax liability under Rule 14A risks GST registration cancellation and ITC disruption. Learn how to transition to normal registration immediately.
Explains how Section 37(1) restricts deductions to expenses exclusively for business and highlights gray-area items like home office use, meals, vehicles, and cash payments. Key takeaway: only well-documented, business-purpose expenses survive scrutiny.
