Blog
India-UK Trade Deal: A New Chapter in India’s Global Playbook
Team SKM, India and the UK have sealed a landmark trade pact that could reshape how India does business with the West. Finalized in July 2025 and set to take effect by July 2026, the Comprehensive Economic and Trade Agreement (CETA) promises to boost exports, open new...
Section 87A Tax Rebate Confusion: Why Some Taxpayers Are Missing Out Despite Lower Incomes
Tax rebates under Section 87A have always been a relief for small taxpayers. They ensure that resident individuals with modest incomes don’t have to pay income tax if their income falls within the prescribed threshold. But in recent months, confusion has emerged among...
Missed the ITR Deadline? Here’s How to File a Belated Return
Team SKM, What is a Belated Return? A Belated Return, governed by Section 139(4) of the Income Tax Act, is an ITR filed after the original due date but before December 31 of the Relevant assessment year. For FY 2024-25 (AY 2025-26): Original due date: September 16,...
Affordable Stays: GST on Hotel Rooms Under ₹7,500 Reduced to 5%
Team SKM, The Indian government has introduced a major move to encourage domestic tourism by lowering the GST on hotel rooms priced at ₹7,500 or less. Previously, these rooms attracted a 12% GST with ITC claim but now the rate has been cut to just 5%, although without...
What Does GST Rationalization Mean for FMCG, Healthcare, and Consumer Electronics?
Team SKM, The government’s recent GST rationalization has restructured tax slabs across multiple industries, aiming to simplify compliance and boost consumption. The impact of these changes is particularly visible in FMCG, healthcare, and consumer electronics. The...
The Real Price of Filing ITR Yourself: Savings Today, Losses Tomorrow
Team SKM, As the Income Tax Return (ITR) deadline approaches, many taxpayers face a common dilemma: “Should I file my ITR myself and save on a professional’s fee, or hire a Chartered Accountant (CA)?” While the do-it-yourself (DIY) route looks tempting, it often turns...
Why This Life Insurance is Now GST-Free – But Term Plans are the Real Winner Matters
Team, SKM The announcement of zero GST on life insurance premiums has created quite a buzz. It sounds like a sweeping relief for policyholders, but the actual impact depends on the type of policy you have. While the change is positive, the savings are not equal across...
GST 2.0: खपत से लेकर निर्यात तक, नए सुधार जीडीपी ग्रोथ के लिए कितने फायदेमंद?
टीम एस. के. एम जीएसटी 2.0 बनाम वर्तमान व्यवस्था: अर्थव्यवस्था पर संभावित प्रभाव क्षेत्र/कारकजीएसटी 2.0 से पहले (वर्तमान व्यवस्था)जीएसटी 2.0 के बाद (प्रस्तावित सुधार)जीडीपी ग्रोथ पर असरखपत (Consumption)कई चीज़ें महँगी → मांग दबाव मेंटैक्स स्लैब घटने से FMCG व रोज़मर्रा...
अमेरिका में टैरिफ वृद्धि 50% तक: होमलैंड अधिसूचना और भारत पर असर
टीम एस. के. एम. होमलैंड अधिसूचना 26 अगस्त 2025 को अमेरिकी होमलैंड सिक्योरिटी विभाग ने एक आधिकारिक अधिसूचना जारी की, जिसमें यह पुष्टि की गई कि भारतीय मूल के सामानों पर 50% आयात शुल्क लगाया जाएगा। यह आदेश 27 अगस्त 2025, सुबह 12:01 (EDT) से लागू हो गया।यह कदम राष्ट्रपति...
जीएसटी सुधार: “दिवाली गिफ्ट” या व्यवसायों और उपभोक्ताओं के लिए अस्थायी व्यवधान?
प्रधानमंत्री नरेंद्र मोदी की स्वतंत्रता दिवस पर जीएसटी सुधारों की अगली लहर की घोषणा ने देशभर में उत्साह और सतर्कता दोनों को जन्म दिया है। सबसे बड़ा वादा साफ है: दैनिक उपयोग की वस्तुएँ अब सस्ती होंगी एक सरल कर व्यवस्था के तहत। सरकार वर्तमान मल्टी-स्लैब जीएसटी संरचना को...