Bizsol Thinkline

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)

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 »

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

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 »

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

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 »

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

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 »

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

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 »

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

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 »

Article on “Relaxation in filing of GST returns during COVID 2.0”, by CA. Manoj Malpani, Sr. Principal Advisor, Bizsolindia Services Pvt. Ltd. ( May 2021)

As we read this piece, India is going through its tough times wherein in people of the country as fighting for the survival due to COVID 2.0. People from most part of the country are struggling to get “Oxygen” for breathing which is necessity to live on this planet. Naturally, the business and statutory compliances …

Article on “Relaxation in filing of GST returns during COVID 2.0”, by CA. Manoj Malpani, Sr. Principal Advisor, Bizsolindia Services Pvt. Ltd. ( May 2021) Read More »

Article on “Need of Voluntary Certification of GSTR-9C (by Chartered Accountant / Cost Accountant)” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. ( May 2021)

The Finance Bill 2021 has substituted the Section 44 of CGST Act, 2017, where annual return (GSTR-9) is required to be submitted along with self-certified reconciliation statement (GSTR-9C), earlier GSTR-9C was required to be certified by the Chartered Accountant or Cost Accountant. So there is no change in process of annual audit except for certification. …

Article on “Need of Voluntary Certification of GSTR-9C (by Chartered Accountant / Cost Accountant)” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. ( May 2021) Read More »

Article on ” Labour Reforms w.e.f. 1st April 2021 & Impact thereon” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. ( April 2021)

Hon Prime Minister of India needs highest applaud for eliminating number of Acts & Rules and introduction of following laws  and rescinding 29 other labour laws for ease of doing business and considering health, safety and security of labours / employees : The Code on Wages, 2019 The Code on Social Security, 2020 The Industrial …

Article on ” Labour Reforms w.e.f. 1st April 2021 & Impact thereon” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. ( April 2021) Read More »

Article on “Expectations from New Foreign Trade Policy 2021-26” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (April 2021)

Whole of the Trade & Industry is looking forward towards New Foreign Trade Policy 2021-26 on the background of the dream of Hon Prime Minister to make Indian Economy $ 5 Trillion by 2025 and appeal to the citizens be “Vocal for Local” and “Be Local and Go Global”. Ministry of Commerce is now with …

Article on “Expectations from New Foreign Trade Policy 2021-26” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (April 2021) Read More »

Article on “GST Impact on Exporters” by CMA Ashok Nawal, Founder , Bizsolindia Services Pvt. Ltd. (March 2021)

India is the part of WTO agreement, wherein it was agreed by all the countries that taxes will not be exported. In other words, tax will not be part of value of cost & services which is getting exported. One of the objective as mentioned in Para 1.06 of Foreign Trade Policy  2015-19 on the …

Article on “GST Impact on Exporters” by CMA Ashok Nawal, Founder , Bizsolindia Services Pvt. Ltd. (March 2021) Read More »

Article on “Importance Of RBI/FEMA Compliances For Corporates” by Mr. Adwait Venkitachalam, Director, Bizsolindia Financial Services Pvt. Ltd. (February 2021)

It is usually noticed that corporates, especially those who set up shop in India from abroad and those in the MSME sector do not seem to give sufficient importance to the critical requirement of having to comply with the statutory requirements when it comes to filings with the Reserve Bank of India (RBI) and compliances …

Article on “Importance Of RBI/FEMA Compliances For Corporates” by Mr. Adwait Venkitachalam, Director, Bizsolindia Financial Services Pvt. Ltd. (February 2021) Read More »

Article on “GST – Concept of Seamless Flow of ITC & Contradictions” by CMA. Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd.(January 2021)

INDIA has gone through in absolutely bad phase in the year 2020-21, not only on account of pandemics of COVID-19 but number of aspects w.r.t. business and tax compliances. At present, trade & industries and professionals are struggling to revive their business and liquidity is the only oxygen for them for survival of the business. Collection …

Article on “GST – Concept of Seamless Flow of ITC & Contradictions” by CMA. Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd.(January 2021) Read More »

Article on “TCS on Sales of Goods w.e.f. 1st October 2020” by CMA Ashok Nawal, Founder , Bizsolindia Services Pvt. Ltd. ( October 2020)

After the introduction of GST, number of cases were noticed that some suppliers do not file the returns even though they have not opted for composition scheme or below threshold limit. They do not upload their transactions in the form of GSTR-1 and do not pay the tax thereon, full or partly and there was …

Article on “TCS on Sales of Goods w.e.f. 1st October 2020” by CMA Ashok Nawal, Founder , Bizsolindia Services Pvt. Ltd. ( October 2020) Read More »

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