- GST (15)
- Income Tax (15)
- Miscellaneous (14)
- Tenali Explains (14)
- Tenali Investigates (15)
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GST on Free Samples and Gifts – ITC Reversal, Compliance & Practical Impact for Businesses
Businesses in Pune and across India frequently use free samples and promotional gifts to boost sales and customer acquisition. However, under GST, such transactions have specific tax implications—especially concerning Input Tax Credit (ITC). Misunderstanding these provisions can lead to ITC reversals, penalties, and litigation. This blog explains the GST treatment of free samples and gifts “Read More…”
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The Cost That Refused to Fall..
“Tenali, profits are flat despite stable sales?” Maharaj was curious and sad at the same time. “Exactly, Maharaj. Revenue is ₹50 lakh every month. But costs? stuck at ₹44 lakh.” Tenali leaned forward. “Maharaj, please show me last 3 months’ data.” Maharaj opened the sheet: Labour cost: ₹12 lakh → ₹12.2 lakh → ₹12.4 lakh “Read More…”
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Income Tax Notice in India – Complete Guide to Handling Notices Safely
Receiving an income tax notice can be unsettling, especially for salaried individuals, business owners, and professionals in Pune. However, not all notices indicate a problem—they are often issued for verification, correction, or additional information. With increasing use of AIS (Annual Information Statement) and data analytics by the Income Tax Department, notices have become more frequent “Read More…”
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CAFE-III Norms Pressure : Strategic Roles in the Automobile Industry
Auto industry is moving towards stricter fuel efficiency norms, with broad agreement emerging on CAFE-III standards, pushing manufacturers to redesign cost structures and technology investments. Tenali Explains, “Maharaj, when rules become stricter, costs don’t rise suddenly… they were always hidden. Automobile makers now face a silent pressure : invest in fuel-efficient technology, redesign engines, or “Read More…”
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₹1.60 Crore Trading Scam in Lucknow
A recent cyber fraud case reported by The Times of India (April 2026) highlights a serious concern for businesses and individuals alike—online trading scams. A man in Lucknow was duped of over ₹1.60 crore after being lured with promises of high returns through a fake trading platform. For MSMEs and business owners in industrial hubs “Read More…”
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GST on Liquidated Damages & Penalties: Taxability, Latest Position & Practical Treatment
In industrial hubs like Pune, PCMC, and across Maharashtra, contracts often include clauses for liquidated damages, penalties, or compensation for breach or delay. A critical GST question arises—whether such recoveries attract GST or not. Misinterpretation can lead to unnecessary tax payments or litigation. This blog explains the GST treatment of liquidated damages and penalties, recent “Read More…”