Bizsol Thinkline

The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The Insolvency and Bankruptcy Code, 2015 was introduced in Lok Sabha in December 2015. It was passed by Lok Sabha on 5 May 2016 and by …

Article on “Insolvency Process against the taxpayer and provisions of GST thereof” by CMA Ashok Nawal, Founder, Bizsolindai Services Pvt Ltd (November 2021) Read More »

In the Finance Budget 2018, Social Welfare Surcharge was introduced vide Section 110 of Finance Act 2018 and thereafter Social Welfare Surcharge was levied on the custom duty levied and collected to the extent of 10% of such amount. Off let, Directorate of Revenue Intelligence (DRI) initiated the enquiries against the importers, who has imported …

Article on “Whether Social Welfare Surcharge is payable by importers under exports schemes?” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. ( November 2021) Read More »

Government of India is focusing on promoting environmental friendly electric vehicles and electric batteries. The Phase-I of this Scheme was initially launched for a period of 2 years, commencing from 1st April 2015, which was subsequently extended from time to time and the last extension was allowed up to 31st March 2019. The 1st Phase …

Article on “Production Linked Incentive Scheme (PLI) for Automobile & Auto Components” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt Ltd ( October 2021) Read More »

Hon. Prime Minister of India has the reason to take India on the top rank of “Ease of Doing Business”, which will promote “Make in India” moment to ensure achievement of dream of making India USD 5 Trillion economy and India to be super power by 2024. One of the major hurdle of doing the …

Article on ‘Ease of Doing Business & Custom Audit’ by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd.( August 2021) Read More »

Information Technology (IT) is playing an important role in India today & has transformed India’s image as a land of innovative entrepreneurs. India is now one of the biggest IT capitals of the modern world and all the major players in the world IT sector are present in the country. Information technology sector has placed …

Compendium on ‘Benefits Offered To IT/ITES’ by Pravin Arote, Director & CEO, Bizsolindia Services Pvt Ltd (July 2021) Read More »

Have you missed the Webinar on “MOOWR 2019” scheme vs EOU / Advance Authorisation. You can now watch on our YouTube Channel on following link:

BACKGROUND TO IBC In India when it comes to business there are two realities that you cannot escape from. The first is that you can somehow manage to promote a business enterprise but to close it down is not in your hands. Second reality is that enterprises can go bankrupt; but not the entrepreneurs who run them …

Article on ‘A Primer On Prepack A Simplified Debt Resolution Process Under The Insolvency & Bankruptcy Code For MSMEs’ by Venkat Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd (July 2021) Read More »

1st July will always be remembered by all the stake holders including trade & industries, tax administrations and also all the consumers, since the dream of One-Nation-One-Tax was achieved in the federal structure of India. Therefore, 1st July should be dedicated to the memory of Late Arun Jaitely. The dream of implementing One-Nation-One-Tax was achieved …

Article on ‘4 Years Journey of GST & Future Path’ by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. ( July 2021) Read More »

Hon. Prime Minister Shri Narendrabhai Modi has the dream to make India self reliant. He identified the weakness of Indian Economy in spite of the background of liberalisation since 1990, but slow industrial growth and contribution of exports to the world market. The major constraint of ranking of India was too poor in the “Ease of Doing Business”. …

‘Compendium on Production Linked Incentive Scheme’ by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd (June 2021) Read More »

Section 35 of CGST Act 2017 has been amended and thereby Annual Return to be reconciled with books of accounts in Form GSTR-9C is required to be self-certified even for the year 2020-21. Therefore, State and Central GST Officers have already equipped with conducting GST Audit and started extensive training to their officers including publishing …

Article on “Are you prepared for Departmental Audit by GST Officers?” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (June 2021) Read More »

We are happy to forward the accompanying booklet on the recently revamped legislation through a set of four labour codes. We at Bizsol, are convinced that these legislative measures will have far reaching impact on how we deal with labour in our industries and establishments. We are certain that this is the right time for …

Decoding the Labour Codes ( June 2021 ) Read More »

As you are aware, Central Government is kin to curtail the imports and promote domestic manufacturing and boost the exports; for that various measures are being taken by the Government. As a part of said agenda import of goods are getting monitored and according Polices are framed by the Government to secure cross borders trade. …

Article on “Chip Import Registration” by Adv.Kiran Sawale , Sr. Advisor, Bizsolindia Services Pvt. Ltd. ( June 2021) Read More »

The Indian banking system has been reel- ing under the stress of Non Performing Assets (NPA) well before Covid reached our shores last year. Especially with re- spect to Public Sector Banks, where NPAs have risen at an alarming rate over the past half-decade. NPAs have now become a na- tional financial crisis & a …

Article on “Decoding Bad Banks A Palliative or A Cure” by Mr. Adwait Venkitachalam, Director, Bizsolindia Financial Services Pvt. Ltd. (May 2021) Read More »