GST Registration Cancelled in Delhi? You’re Not Alone – Here’s How to Fight Back!
So, your GST registration got cancelled by the Delhi GST department? And not because you did something wrong – but because they think their job is to police businesses, not facilitate them? You’re not alone. Across Delhi, countless small business owners are fuming. And rightly so. You try to follow the law. You set up […]
What is Rule 86B of GST? What if you received notice to cancel your GST suo-moto by GST department for not comply the rele?
Rule 86B of GST Rules (India) is a specific provision under the Goods and Services Tax (GST) regime that was introduced to curb tax evasion and improve compliance. Rule 86B places a restriction on the use of Input Tax Credit (ITC) for discharging output tax liability. Rule 86B of the GST Rules (Central Goods and […]
Benefits of SME IPO
By CA Manoj Garg In the dynamic landscape of business, Small and Medium Enterprises (SMEs) play a crucial role in driving innovation, employment, and economic growth. However, one of the primary challenges they face is access to capital. A powerful solution to this challenge is the SME Initial Public Offering (IPO). Here are the key […]
Understanding Negative Income Under the Income Tax Act, 1961 (India)
Introduction When we think of income, we usually think of earnings—salary, business profits, rental income, or capital gains. But what happens when you incur a loss instead of making a profit? In tax terminology, this loss is referred to as “negative income.” While the phrase might sound contradictory, negative income plays an essential role in […]
How to File Your Income Tax Return for AY 2025-26: A Simple Guide to Maximize Refunds and Stay Stress-Free
It’s that time of year again—Income Tax Return (ITR) filing season! Whether you’re a salaried professional, freelancer, or small business owner, filing your return for the Assessment Year (AY) 2025–26 is not just a legal duty—it’s an opportunity to take control of your finances, claim deductions, and avoid penalties. In this blog, we break down […]
HOW TO GO FOR SME IPO- A GUIDE TO DO
✅ 1. Check Eligibility Ensure your company meets the NSE SME platform eligibility criteria: ✅ 2. Appoint Intermediaries You must appoint the following registered intermediaries: ✅ 3. Due Diligence & Documentation The Merchant Banker conducts due diligence and helps in: ✅ 4. Filing with NSE & SEBI ✅ 5. Roadshows and Marketing Conduct investor roadshows […]
The Surprising Way to Reduce Accounting Expenses by 30%
Introduction Imagine reducing your accounting spend by nearly a third—without sacrificing service quality This isn’t hypothetical: by embracing India’s cost-efficient labor market, companies routinely see 40–60% savings on accounting operations, making a 30% cost reduction a conservative, achievable target Beyond mere savings, you tap into thousands of skilled accountants trained to global standards, delivering precision […]
Why Global Businesses Are Choosing India for Finance Outsourcing: GST Optimization, FEMA Compliance & More
Why Global Businesses Are Choosing India for Finance Outsourcing: GST Optimization, FEMA Compliance & More In today’s hyper-connected world, international companies are constantly seeking ways to streamline operations, reduce costs, and maintain strict compliance with host-country regulations. India—already hailed as the “back-office of the world”—has emerged as a premier destination for finance outsourcing, IT-enabled services, […]
Understanding GST for RWAs: What Every Housing Society Should Know
Understanding GST for RWAs: What Every Housing Society Should Know If you’re part of a housing society or managing one, you’ve probably heard about GST (Goods and Services Tax) and how it applies to Residential Welfare Associations (RWAs). But let’s be honest—GST rules can be confusing. At Manoj Prem & Associates, we’ve worked with several […]
Income Tax Filing: Why Expert Guidance Matters More Than Ever
Income Tax Filing: Why Expert Guidance Matters More Than Ever As a Chartered Accountant with 25 years of experience in tax planning and compliance, I’ve seen firsthand how crucial proper income tax filing has become—especially in today’s dynamic financial landscape. With changing tax laws, increasing digitization, and stricter compliance checks, individuals and businesses alike can […]