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 …
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 …
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. …
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 …
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 …
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 …
ABOUT EPISODE: Bizsolindia hosted a Budget 2021 -22 Analysis webinar on 1st 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 …
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 …
Benefits of MSME’ by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd.
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 …
Hope you might have received the request from your Export Promotion Council for filling up the data in Form R1, R2 & R3 and submit the same for each product exported by you duly certified by Chartered Accountant or Cost Accountant, in your own benefit we advise you to fill up this data and send it …
Exports: The future and the Impact with CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd
“Law is an ass. But the implementers and interpreters are not, as this case shows. Justice was no doubt delayed to the daughters; but let us be happy that it was not denied to them in the end.” The Supreme Court in a landmark judgment recently decreed that the rights of daughters are on par …
New Foreign Trade Policy was expected w.e.f. 1st April 2020 addressing the issues, which was raised by USA against India before WTO Authority and WTO Authority have held the EPCG Scheme, DFIA Scheme, EOU Scheme and SEZ Scheme violating the principles of WTO. Albeit Govt of India have filed the appeal against the same and …
Work From Home A Boon Or A Bane” by CS. Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd.
GST A Journey Of 3 Years” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd.
The Micro, Small and Medium Enterprise sector contributes significantly to the economic and social development of the country by fostering entrepreneurship, generating employment and by acting as ancillary to large industries. The government has prioritized this sector in recent years as they are considered crucial in achieving the objective of a $5 trillion economy by …
“In the space of a decade, China & India have emerged as dramatic, dynamic competitors.” Peter Mandelson India has, for several centuries now, had a very complicated relationship with the other Asian behemoth China. Our economic ties with China, our second biggest trading partner after the US, are in troubled waters these days …
“Majority of those products given in the list can easily manufacture in India and can become competitive provided proper safeguarding measures are taken for preventing imports and cutthroat competition from Chinese industries.” The list consists of major items which are imported from China at a cheaper price which is killing the MSME Industry. All …
