Bizsol Thinkline

Article on “Covid 19 – Worst Epidemics to be converted into the Opportunity” by CMA Ashok Nawal , Founder , Bizsolindia Services Pvt. Ltd.

COVID-19 almost occupied each country of the World. It was first detected in the month of Jan 2020. Perhaps, it has not been considered that seriously by such countries. The statistics are as shown in the below table at the ...
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Article on “Corrupting the Global Economy” by Mr. Adwait Venkitachalam, Director, Bizsolindia Financial Services Pvt. Ltd. (March 2020)

Implications of the Covid-19 virus on the global & Indian economy. “The single biggest threat to man’s continued dominance on the planet is the virus” Joshua Lederberg (Nobel Laureate) In an already bleak landscape where negative growth, falling GDP figures, ...
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Article on “Be Ready for New Challenges in GST Regime” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (March 2020)

Article on “Be Ready for New Challenges in GST Regime” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd ...
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Article on “Refund of GST paid by Exporters on Inward Supplies or Outward Supplies” by CMA Ashok Nawal Founder, Bizsolindia Services Pvt. Ltd. (February 2020)

Click here to read Article on “Refund of GST paid by Exporters on Inward Supplies or Outward Supplies” by CMA Ashok Nawal Founder, Bizsolindia Services Pvt. Ltd ...
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Article on “GST E-Invoice” by CA. Manoj Malpani, Sr. Advisor, Bizsolindia Services Pvt. Ltd. (January 2020)

In India there are multiple accounting and billing software/ERPs, which stores the information of invoice in different formats and there is no standard format to store the information of invoice which help to read information generated by one software to ...
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Procedure for intimation of voluntary payment of GST in FORM GST DRC 03 (November 2019)

Procedure for intimation of voluntary payment of GST in FORM GST DRC 03  FORM GST DRC 03: HOW TO APPLY After login, go to and select Services->User Services->My Applications In “Application Type*”, select “Intimation of Voluntary Payment- DRC 03” from ...
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Article on New Returns in GST – An overview of proposed returns & expected challenges by CA Manoj Malpani, Sr. Advisor, Bizsolindia Services Pvt. Ltd. (October 2019)

New Returns in GST – An overview of proposed returns and expected challenges by CA Manoj Malpani, Senior Advisor, Bizsolindia Services Pvt. Ltd At the time of implementation of the GST in July 2017, the GST laws & rules notified, ...
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Article on “Sabka Vishwas (Legacy Dispute Resolutions) Schemes 2019” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd (September 2019)

Hon Finance Minister Smt. Nirmala Sitharaman had announced SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019 for unblocking Rs. 3.85 Lacs Cr in pending litigation relating to Excise & Service Tax etc. at various levels from SCN stage to adjudication pending ...
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Article on "Treatment of Write Back Amount in GST Era” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd (August 2019)

Background: The taxpayers may have long outstanding the creditors whose dues are not paid. The non-payment of dues may be on account of many business decisions. As per prudent accounting policies, the long outstanding dues are reviewed periodically and written ...
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Article on “Sustainability of the Growth” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (August 2019)

Global Impact: Most of the countries of the world are facing recessionary trend. China US Trade war had impacted global sentiments.  Further, change US-India Trade Policy also had the impact, which has resulted substantial downfall in the export growth. Fortunately ...
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Article on "Treatment of Secondary or Post-Sales Discount under GST" by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd (July 2019)

Click here to see the article on Article on “Treatment of Secondary or Post-Sales Discount under GST” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd ...
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FAQ KERALA FLOOD CESS (KFC) by CA.Manoj Malpani, Sr.Advisor , Bizsolindia Services Pvt.Ltd. (June 2019)

KERALA FLOOD CESS (KFC) Severe flood affected the state of Kerala in month of August 2018 due to unusually high rains. The states suffered heavily due to floods. Around 500 persons lost their lives and property damages were estimated to ...
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Article on "Need to re-visit Salary Structure" by CMA. Ashok Nawal (May 2019)

Each & Every Employer will have to be 100% statutory compliant w.r.t. all labour laws including but not limited to The Employees Provident Funds & Miscellaneous Provisions Act 1952, Minimum Wages Act 1948, Bonus Act 1965, Employee State Insurance Act ...
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Rule 88A – Order of utilization of input tax credit (April 2019)

This is an update on a recent amendment of the CGST Rules, vide N/N. 16/2019 – Central Tax, dated 29 March 2019. One of the important amendments pertains to insertion of Rule 88A: Order of utilization of input tax credit ...
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Settlement Scheme under Maharashtra Ordinance No.V of 2019 (April 2019)

Maharashtra  Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019 It is a welcome step of State of Maharashtra to make Maharashtra litigation free from VAT era and also collect disputed amount immediately. The tax payers are ...
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Article on “Change in GST for Real Estate Sector” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd ( April 2019)

Click here to see the article on “Change in GST for Real Estate Sector” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd ...
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Article on “Invoice without signature or digital signature under GST ” by CA. Manoj Malpani. (February 2019)

Invoice without signature or digital signature under GST There has been recent amendment in the Rule 46 of the CGST Rules, 2017 which deals with the issuance of Invoice for the outward supplies. As per the Rule 46 (q),  signature ...
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Overview of GST Council Recommendations – 31st Meeting (January 2019)

Overview of GST Council Recommendations – 31st Meeting (January 2019)]]> ...
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Article on Continue to be EOU & STPI (Exit is Costlier) (December 2018)

Sr Original Wording Amended Wording Impact Analysis Para 4 – Second proviso(a) a. Such clearance of capital goods may be allowed on payment of duty on depreciated value thereof and at the rate in force on the date of clearance ...
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