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Articles by CA Umesh Sharma

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ITC & Stock Treatment when GST Rate Drops w.e.f 22nd September 2025

Posted by CA Umesh Sharma 30 September 2025 3038 Views

Explore GST rate reduction impacts with Arjuna & Krishna. Understand ITC utilization, reversals, refund eligibility, compensation cess, and time of supply rules for smooth compliance during GST rate changes.



9 Days of Navratri, 9 Impacts of GST 2.0

Posted by CA Umesh Sharma 23 September 2025 620 Views

The Government of India has notified major GST reforms, effective 22nd September 2025, simplifying the tax structure into three main slabs - 5%, 18% and 40%.



Consumers, Look Carefully at the Price Before Buying Products

Posted by CA Umesh Sharma 16 September 2025 673 Views

Learn how GST rate changes affect Maximum Retail Price (MRP) revisions on unsold stock. Manufacturers can update MRPs until Dec 31, 2025, with clear rules on stamping, stickers, advertising and consumer transparency.



56th GST Council Meeting: 10 Key Recommendations Beyond Rate Cuts

Posted by CA Umesh Sharma 09 September 2025 802 Views

Discover the 10 key recommendations from the 56th GST Council Meeting, from ITC limitations and faster refunds to simplified registration, e-commerce relief, and GSTAT setup, marking the dawn of Next-Gen GST for common taxpayers, exporters, and small businesses.



File Your ITR Before 15th September and Avoid Financial Vighnas!

Posted by CA Umesh Sharma 02 September 2025 656 Views

Learn from the dialogue of Arjuna and Krishna how timely filing of Income Tax Returns before the extended due date of 15th September 2025 can help taxpayers avoid penalties, missed deductions and financial obstacles.



Arrival of Lord Ganesh To Remove Taxpayers Vighnas With New GST Reforms!

Posted by CA Umesh Sharma 26 August 2025 514 Views

The 56th GST Council Meet is set for 3-4 Sept 2025 in New Delhi. Key agenda: Rate rationalisation, cess, compliance simplification & industry impact.



Get ready for Proposed GST Changes

Posted by CA Umesh Sharma 19 August 2025 581 Views

India plans GST reforms by Oct 2025, merging slabs into 5% & 18%, lowering taxes on essentials & luxury goods to ease living and boost consumption.



How to achieve financial independence?

Posted by CA Umesh Sharma 12 August 2025 202 Views

Learn how India's resistance to U.S. tariffs inspires 5 key strategies for achieving and protecting your own financial freedom.



Key Changes in MSME Reporting for Tax Audits

Posted by CA Umesh Sharma 05 August 2025 6960 Views

Understand the latest updates in Clause 22 of Form 3CD for FY 2024-25. Learn how MSME payments must be reported under the MSMED Act and Section 43B(h) with insights from a fictional Arjuna-Krishna dialogue.



Decoding the Business Codes in ITR

Posted by CA Umesh Sharma 29 July 2025 722 Views

Explore the significance of newly introduced business codes in ITR filings as explained by Krishna to Arjuna. Learn how these updates, including AI integration, aim to improve tax compliance and reflect emerging sectors like social media and trading.




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