Central Goods and Services Tax (CGST) – Meaning, Objectives & Features
The Goods and Services Tax (GST) concept had to go through different considerations by several governments in India, and it was implemented on July 1, 2017. The main goal of introducing GST was to establish a ‘One Nation One Tax’ system. GST has fully absorbed, integrated, and replaced all the diverse taxes that existed across […]
Integrated Goods and Services Tax (IGST) – Features & Examples of IGST
The full form of IGST is Integrated Goods and Services Tax under the GST system. The rules and provisions related to this are set out in the IGST Act of 2017. This act clearly specifies that the central government is responsible for imposing IGST. This tax includes CGST and SGST, and it is applied to […]
GST Annual Return (GSTR-9): Important Points to Check Before 31st December
As the financial year is ending, people who pay taxes really need to file the GST Annual Return. While monthly or quarterly returns like GSTR-1 and GSTR-3B may already have been filed, GSTR-9 acts as a comprehensive summary of all GST-related transactions for the entire year. Errors or inconsistencies in the annual return can lead […]
SPREE Scheme 2025: Second Chance to Regularize ESI Compliance
The Employees’ State Insurance Corporation (ESIC) has introduced a new scheme, the SPREE Scheme, for employers who are not registered with the ESI Act. This scheme is launched to encourage voluntary compliance and expand social security for all workers in India. Under this scheme, employers can register under ESIC without getting penalties or actions for […]
Mark Your Calendar! The 3rd Installment of Advance Tax Is Due on December 15
The third installment of advance tax is approaching, and December 15 is an important date for taxpayers required to pay it for the financial year 2025-26. Pay your taxes on time to avoid penalties under the Income Tax Act, 1961. This can help distribute your tax burden more evenly and prevent the year-end rush. Why […]
MCA Expands Small Company Definition: Key Compliance Update 2025
The Ministry of Corporate Affairs (MCA) has lately updated the definition of a “Small Company” under Section 2(85) of the Companies Act, 2013. This update was communicated to the public through its notification issued on 1 December 2025. The revision has been effected by amending Rule 2(1)(t) of the Companies (Specification of Definition Details) Amendment […]
SAP FICO vs. SAP MM: What’s the Difference?
SAP is one of the leading ERP software. SAP provides two prominent modules, SAP FICO (Financial Accounting and Controlling) and SAP MM (Materials Management), that can simplify corporate processes. Both are vital to each organization and perform different functions. In this blog, we will discuss each of these modules in more detail and the difference […]
What is SAP HCM and SAP SuccessFactors?
SAP provides two advanced tools, SAP HCM and SAP SuccessFactors, to facilitate human resource management. Both seem identical, but they have different architectures. SAP HCM was built on earlier technology. At that time, companies store their data in their servers. But now, technology has changed a lot. It is the era of cloud services. SAP […]
Financial Accounting vs Managerial Accounting
Accounting is the backbone of any business. It keeps track of business performance, decisions, and money flow. The most prominent branches of accounting are Financial Accounting and Managerial Accounting. You may get a feel that both are the same, but they are different concepts indeed. Let’s discuss more about them and their difference between financial […]
Top SAP skills for 2026
Today, SAP plays a major role in how businesses run their daily operations. More companies are depending on SAP to manage everything from finance to supply chain, which is why learning the right skills has become so important. For students and professionals, understanding SAP can open the door to stronger career growth and better job […]
New Rental Rules: What Every Tenant & Landlord Should Know
India’s rental system is entering a more organised phase in 2025. For years, renting a home meant dealing with unclear deposits, unpredictable rent hikes, and agreements that were either informal or never registered. The Rental Law aims to fix exactly that. They bring structure, transparency, and peace of mind for both tenants and property owners. […]
How a Business Accounting and Taxation Course Prepares You for the Corporate World
The Business Accounting and Taxation course is designed to give students an understanding of certain financial aspects such as payments, taxes, goods and other financial operations. This course is beneficial for many B.Com students, as it is a career-oriented course that has a great scope. It is the best pathway for individuals who want to […]
