For over a decade, Indian startups set their sights beyond domestic shores. Establishing offshore holding companies was often an early strategic choice—driven by access to global capital, mature markets, and regulatory arbitrage. India’s potential was evident, even as its startup ecosystem continue to evolve. That equation has now shifted. Today, a growing number of Indian enterprises are choosing to return home through reverse flipping—re-domiciling their…
With the introduction of GST 2.0 and rate rationalisation, many businesses are encountering a new and unexpected challenge. While GST rates on finished goods were reduced to improve affordability for consumers, GST on inputs and services has largely remained unchanged. This mismatch has resulted in a growing accumulation of Input Tax Credit (ITC), particularly for businesses operating at GST rates of 5% or lower. For…
In an increasingly fast-paced and technology-driven business environment, digital accounting has emerged as the foundation of modern financial management. Advanced accounting software enables real-time transaction recording, instant reporting, and seamless process management. However, regardless of how sophisticated the system may be, its reliability ultimately depends on the strength of the documentation supporting it. Without proper records, digital accounting quickly loses its credibility, efficiency, and compliance…
India’s labour law reforms mark a fundamental recalibration of how work is regulated in an increasingly digital and platform-driven economy. For corporates and legal advisors, these reforms go beyond legislative consolidation, introducing new statutory obligations, compliance risks, and governance considerations, particularly for gig and platform workers. A clear understanding of these changes is essential for businesses engaging large, flexible workforces and for legal teams advising…
Capital goods under GST refer to assets such as machinery, equipment, or vehicles that are used or intended to be used in the course or furtherance of business and that provide economic benefits over a period of more than one year. These assets are in the nature of long-term investments that contribute to income generation and are not consumed immediately in the normal course of…
Recently, thousands of taxpayers have received SMS alerts or emails informing them that their income tax refunds have been placed on hold by the Income Tax Department under its Risk Management Strategy. These communications have drawn widespread attention and concern, prompting the need to understand the intent, mechanism, and implications of such refund holds. The Risk Management Strategy (RMS) leverages data analytics, third-party information, and…
In today’s rapidly evolving technological landscape, artificial intelligence (AI) is reshaping financial reporting and auditing in profound ways. While AI significantly enhances efficiency, accuracy, and analytical depth, it also introduces new layers of complexity and risk that can affect the credibility of financial information. Amid these changes, auditors play a critical role in ensuring that financial reports remain reliable, transparent, and compliant with regulatory standards,…
Inheritance is a vital component of personal financial planning and wealth management. In India, although inheritance benefits from a favourable tax regime, inadequate planning and lack of legal clarity often result in disputes, procedural delays, and unintended tax exposure for heirs. With this context, the article explores the legal meaning of inheritance, its importance, the tax treatment under the Income Tax Act, 1961, and the…
GST in India is steadily moving toward a system-driven, automated compliance environment, where returns will be generated automatically and taxpayers will mainly review and confirm data instead of preparing or editing returns. In this evolving ecosystem, the accuracy and quality of the data you submit today will determine how seamless your GST compliance becomes tomorrow. 1. Automated Returns and the Direction GST Is Headed The…
In a significant move for India’s corporate landscape, the Ministry of Corporate Affairs (MCA) has again expanded the definition of a “Small Company” under the Companies Act, 2013. The revised thresholds — ₹10 crore paid-up capital and ₹100 crore turnover — mark a major step toward reducing compliance burdens for the country’s rapidly growing private companies. This update brings thousands of companies under a lighter…
