Bizsol Thinkline

A land inhabited by a virtually bankrupt government weighed down by the pandemic, businesses trying to chase the ever-elusive profits and hapless people in search of a purpose. In this scenario visualise for a moment the plight of the hitherto profitable professions in the era just gone by, that of the priest and the prostitute, …

Article on “Competencies for the Afterlife – What You Need to Lead in the Post Lockdown World” by CS. Venkat R Venkitachalam , Chairman , Bizsolindia Services Pvt. Ltd. (June 2020) Read More »

What is MSME? MICRO SMALL and MEDIUM ENTERPRISES (Under MSMED Act 2006) Engaging Manufacturing or Production of goods as well as enterprises engaging in providing or rendering of services other than: 02 Forestry and Logging 03 Fishing and Aquaculture 45 Wholesale and retail trade and repair of Motor Vehicle and Motorcycles 46 Wholesale trade except …

Article on “MSME – Benefits & Package” by CMA. Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (June 2020) Read More »

Have you missed the Webinar on “Protecting Your Bottom line” by Adwait Venkitachalam , Director, Bizsolindia Financial Services Pvt. Ltd. you can now watch on our YouTube Channel on following link: https://www.youtube.com/watch?v=xjRT4XL7zyA

Time to further extend the sunset date mentioned under Section 10AA of the Income Tax Act, 1961 considering difficulties faced by SEZ Units to commence the production due to restriction placed for controlling pandemic Covid-19 – CMA AMIT DEVDHE Special economic zones (SEZ) in India are a popular investment destination for many multinationals, particularly exporters. …

Article on “Sunset date for claiming Income Tax exemption for SEZs ” by CMA Amit Devdhe (June 2020) Read More »

Have you missed the Webinar Series arranged by Bizsolindia you can now watch on our YouTube Channel on following links S. No. Date Webinar Topic Speaker YouTube link 1. 20th April 2020 Economic Realities of Lockdown & Afterlife- Strategies for Survival CS Venkat R Venkitachalam https://youtu.be/gof8nj7vkR0 2. 21st April 2020 Need of Hour for Survival …

Knowledge Webinar series held from 20th April to 2nd May 2020 Read More »

SOME HOME TRUTHS The Afterlife – The economic landscape after the Lockdown An exercise at Crystal Gazing – An attempt at predicting the post Lockdown life One Size Does Not Fit All – Each business will have its own challenges and opportunities The Day Our Lives Changed Forever – 25th March 2020 A Decisive Leadership …

Article on “Economic Realities of Lockdown & Afterlife” by CS. Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (May 2020) Read More »

THE BACKGROUND:  In the fitness of things let me state the following caveat upfront:  This presentation is not intended in any way to search for justifications to deny anyone what is due to him on moral or humanitarian considerations.  This is purely an exercise in reconciling legality with legitimacy. Having made my position clear on …

Article on “Lockdown And Payment Of Wages – Some Legal Perspectives” by CS. Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (May 2020) Read More »

Global economic perspective Coronavirus, a highly contagious respiratory virus; same family as the cold & SARS/MERS. Over 27 Lakh cases worldwide; over 7 Lakh recovered & over 1.9 Lakh deaths; (as on 24th April 2020) Majority of the world is under lockdown orders, shuttering the economy. IMF estimates global GDP to fall by 3%, over …

Article on “Risk Mitigation in FX & Financing” by Mr. Adwait Venkitachalam, Director, Bizsolindia Financial Services Pvt. Ltd. (May 2020) Read More »

Epidemics of COVID-19 is not only alarming for the persons who have been infected, but equally or more damaging to the world economy even worst than second world war. Almost all the countries are badly affected and economy of each country in the world is not only showing the negative growth but is eroding liquidity, …

Article on “Need of Hour for Survival of MSME ” by CMA Ashok Nawal , Founder, Bizsolindia Services Pvt. Ltd. (May 2020) Read More »

Now a days most searched words on google is Force Majeure which was less attended clause of any Contract. Basically Force Majeure is one of the clause of the contract / an agreement, normally this clause is overlooked because of its name and exceptional things mentioned in the contract. But now suddenly during lockdown due …

Article on “Force Majeure – When & Where applicable” by Adv. Kiran Sawale (May 2020) Read More »

A pandemic is a rare event as it ought to be. However, we are sometimes not fully aware of certain nuances in law that affect our decisions during such times simply because they do not occur when we do our business in the normal course. Given below are two such situations post Covid-19. Hope clarifications …

Article on “One Pandemic and Two Issues” by CS.Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (April 2020) Read More »

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 start of epidemics is really alarming In view of the growing demand for hand sanitizers, …

Article on “Covid 19 – Worst Epidemics to be converted into the Opportunity” by CMA Ashok Nawal , Founder , Bizsolindia Services Pvt. Ltd. (April 2020) Read More »

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, shrinking employment & trade wars were bludgeoning the global economy, the news of a super-virus …

Article on “Corrupting the Global Economy” by Mr. Adwait Venkitachalam, Director, Bizsolindia Financial Services Pvt. Ltd. (March 2020) Read More »

Article on “Be Ready for New Challenges in GST Regime” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd.

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.

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 another. With this prime objective in mind, GST council in its’ 35th meeting dated 21st …

Article on “GST E-Invoice” by CA. Manoj Malpani, Sr. Advisor, Bizsolindia Services Pvt. Ltd. (January 2020) Read More »

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 drop-down and click on “NEW APPLICATION” The following page will appear. Here select “Cause of …

Procedure for intimation of voluntary payment of GST in FORM GST DRC 03 (November 2019) Read More »

“Online GST Refund Mechanism”

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, GSTR-1 (return for outward supplies), GSTR-2 (return for inward supplies) and GSTR-3 (final returns). The …

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) Read More »

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 upto Supreme Court. Date has been notified for start of the scheme and rules are …

Article on “Sabka Vishwas (Legacy Dispute Resolutions) Schemes 2019” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd (September 2019) Read More »