Advance Ruling As part of our daily countdown to the Indian Budget 2026, this seventh blog in the series “Budget 2026: One Point at a Time” focuses on a critical yet often debated area of taxation—Advance Ruling. While advance ruling is designed as a safeguard for taxpayers, its practical functioning raises several concerns that merit […]
A Thought Leadership Note from Total Strategic Solutions India Pvt. Ltd.Introduction: The New Year, New Resolutions, and the Union BudgetEvery New Year arrives with renewed hope, aspirations, and resolutions. For those of us engaged in the compliance and entrepreneurship ecosystem, January assumes special significance. It is the month when the Hon’ble Finance Minister begins the […]
When it comes to running a business in India, one of the most common questions entrepreneurs face is whether to register under the Goods and Services Tax (GST). While GST registration is mandatory for businesses with an annual turnover exceeding ₹40 lakhs for trading or manufacturing and ₹20 lakhs for service-oriented companies, many small businesses […]
Starting your own business is an exciting journey — but one of the first big decisions you’ll face is choosing the right business structure. Many first-time entrepreneurs begin with a Proprietorship, but over time, the One Person Company (OPC) model has emerged as a smarter and more secure alternative.Let us break down the key differences […]
For a long time, many business owners and professionals have questioned why the Reverse Charge Mechanism (RCM) was brought under the ambit of the Goods and Services Tax (GST). What is the necessity of paying GST under RCM and subsequently availing it as an input credit? Is this not an unnecessarily tedious mechanism, especially for […]
In recent years, the buzzwords dominating conversations across the globe have been digitalization and AI. India, too, has embraced this digital revolution, extending its reach even to rural villages. The emergence of paperless currency has been a game-changer, transforming a society once reliant on cash into one where digital payments are the norm. From seamless […]
For years, foreign entrepreneurs have often expressed concerns about the challenges of doing business in India. Issues such as complex policy guidelines and retrospective taxation amendments have made international investors cautious. However, the arena is changing rapidly. As consultants to overseas entrepreneurs, we have closely observed India’s business reforms and can confidently say that the […]