Highlights of the Maharashtra State Budget 2023 Amnesty Scheme, 2023 for Goods and Services Tax Department announced This Amnesty Scheme will be called as ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023’. This Scheme is applicable on various taxes levied by GST Department before introduction of GST Act and duration …
Highlights of Maharashtra State Budget 2023 (April 2023) Read More »
Analysis of Foreign Trade Policy 2023 The new Foreign Trade Policy effective from 01st April 2023 is announced on 31st March 2023 with the focus of achieving the dream of meeting export target 2 trillion-dollar exports by 2030 out of which 1 trillion dollars through merchandise trade. Despite covid pandemic and volatile geopolitical situation in …
THE END GAME OF A MARQUEE BANK FOR STARTUPS THE COLLAPSE OF THE SILICONE VALLEY BANK – CAUSES & CONSEQUENCES In the startup ecosystem one of the most critical components is the support needed in the form of finance, however viable your projects and proposals appear to be on paper. This is a truism that …
Around the world, we find with alarming regularity, the rise of autocrats who have no concern for, nor do they feel the necessity of, following democracy. When countries are ruled by such despots it gives rise to a number of intractable problems. The primary one is how to brand one an autocrat without being subjective …
Happy New Financial Year 2023-24 !! Know the 8 things to do…
The new Foreign Trade Policy effective from 01st April 2023 is announced on 31-03-2023 with the focus of achieving the dream of meeting export target 2 trillion-dollar exports by 2030 out of which 1 trillion dollars through merchandise trade. In spite of COVID pandemic and volatile situation in the world, exports from India have gone …
After 5 years of introduction of GST, in spite of the provisions in the section taxpayers had to approach Hon. High Courts of respective Jurisdiction, since there were no alternative remedies available to the taxpayer in absence of formation of Appellate Tribunal and benches thereof. Subsequent to Madras High Court decision in the case of …
At Bizsolindia, our company values are at the core of everything we do. And on this International Consumer’s Right Day, we want to reaffirm our commitment to our customers. We at Bizsol have taken the oath and committed to provide services as committed. We give below the link of our oath.
The Beginning: When a child was born to Shantaben Adani and Shantilal Adani on 24th June 1962, they named the boy Gautam. Presumably the naming was a clear recognition of a venerated godly figure born in India and went on to become famous around the world as Gautam Buddha. The child, thus named Gautam Adani …
Late Babasaheb Thackeray and his extended family have always considered Maharashtra as the family’s acquired inheritance (legitimate or otherwise) and have ruled it with or without monarchical salutations. Even when Shiv Sena won the elections for the Legislative Assembly, Babasaheb considered it below his dignity to become the state’s Chief Minister. He did not want …
I have been following the Budget exercises for donkey’s years. One should admit that this exercise has over the years transformed itself from a mundane event to a grand celebration of sort. However, it now deserves simply to be a non-event, particularly after the introduction of GST. In the Budget exercise secrecy may matter, but …
Bizsol Update wishes all its readers a Happy and Prosperous New Year! The world has seen a number of wars. But none is as confusing as the Ukrainian war that is about to complete one year. For many a man in the world this war is more mysterious and confusing than any other, in living …
Hindustan Unilever Ltd., (HUL for short) while announcing the quarterly results recently also announced an increase in the royalty payments to its UK based parent company. During the press conference the company also informed that HUL has decided to pay an increase in royalty to its parent company from 2.65% to 3.45% till 2025 in …
It had to happen someday. And it has. The all-knowing Google needed a wakeup call, possibly. It just happened and how. Arguably, one of the most talked about disruptions has happened ironically in the backyard of the Guru of the knowledge world – the Google. Next time you find the need to write a simple …
GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. It consists of details regarding the outward and inward supplies made/received during the relevant financial year under different tax heads i.e. CGST, SGST & IGST and HSN codes. It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) …
Exactly a month back on 3rd November 2022 Bhikaji Food International Ltd. barged in through the doors of Bombay Stock Exchange with an IPO offering its shares at a price range of Rs.285 to Rs.300 a share thereby mopping up a sum of Rs.880 Crores. The company had made a claim that it is one …
A. BACKGROUND: Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 (hereinafter referred to as IGCRS Rules, 2022) notified vide Notification 74/2022-Customs (N.T.) dated 09th Sept 2022 superseding the existing Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 along with clarifications provided on this vide …
The more things change, the more they remain the same. So goes the famous saying attributed to the French writer Jean Baptiste Alphonse Karr. The saying may be old and well-worn out, touching various facets of our lives. But we expected it not to affect our legal systems. The Doctrine of Clean Slate may be …
Hon. Supreme Court in the case of STATE TAX OFFICER Vs RAINBOW PAPERS LIMITED in the CIVIL APPEAL NO. 1661 OF 2020 has allowed the appeal filed by Gujarat State VAT Officer, which was filed against the order of NCLAT, wherein NCLAT has dismissed the appeal filed by State Tax Officers on two grounds that …
CBIC through recent Notification dated 13th July 2022 has brought more clarity on applicability of GST under forward charge or Reverse Charge Mechanism (RCM) to avoid confusion in the mind of recipient when he should pay GST under RCM. Let us first understand the concept of GTA. Good Transport Agency (GTA) means any person who …
Bizsolindia Services Pvt. Ltd. has been honored with the "Maharashtra State Best Employer Brand Award 2026" at a prestigious ceremony held at Taj Lands End, Mumbai.
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