Bizsol Thinkline

Introduction: Imagine walking into your favourite electronics store, only to find that your preferred smartphone has suddenly doubled in price. The culprit? Tariffs, an often-misunderstood element of international trade that wields the power to reshape economies, industries, and even our daily lives. But what exactly are tariffs, and how do they influence the intricate dance …

Article on ‘Tariff, Trade & Trump Unraveling the Recent Hullabaloo in World Trade’, CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd (March 2025) Read More »

Background The Indian Customs system has been undergoing continuous transformation to enhance ease of doing business and facilitate smoother trade across borders. In line with the government’s vision to digitize all remaining Customs processes by mid-2026, the Central Board of Indirect Taxes & Customs (CBIC) has now introduced an automated system for processing refund applications. …

Article on ‘Automation of Refund Application and Processing in Customs: A New Milestone in Trade Facilitation’, by CA Manoj Malpani, Director, Bizsolindia Services Pvt Ltd (March 2025) Read More »

Starting October 1, 2024, the GST portal will implement the Invoice Management System (IMS), a significant step towards enhancing tax compliance and streamlining invoice reconciliation. While currently optional, it is evident that the government envisions IMS as a mandatory compliance tool in the near future. Necessary legal changes have already been introduced to ensure a …

Article on ‘Invoice Management System (IMS) under GST’ by CA Abhishek Malpani, Sr, Advisor, Bizsolindia Services Pvt. Ltd. (March 2025) Read More »

Introduction The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced a critical amendment to the Customs Act, 1962, with the insertion of Section 18A. This provision is a much-awaited reform that provides importers and exporters with the ability to voluntarily revise their bills of entry or shipping bills post-clearance. Historically, businesses faced considerable …

Article on’Section 18A of the Customs Act, 1962 – A Paradigm Shift in Post-Clearance Amendments’ by CA Manoj Malpani, Director, Bizsolindia Services Pvt Ltd (February 2025) Read More »

Just recently in last November I was at Prayag Raj taking a dubki in the holy waters at Sangam at Prayagraj where the Ganga, Yamuna and the mythical Saraswati rivers meet – one of the holiest places as per Hindu mythology. It was part of a small family pilgrimage outing.  If you are brought up …

From the Desk of Chairman (February 2025) Read More »

Prologue: Just as I was about to start on this article, I chanced upon and leafed through the latest issue of “Frontline” magazine (3rd February 25) by sheer accident. There I saw the all too familiar photograph of Dr Manmohan Sigh accompanying an article “Manmohan Sigh: The Heterodox Economist”. That piece had been penned by …

Article on ‘Heterodox Economics – What is it and why is it Important’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (February 2025) Read More »

I wish you all a Happy New Year! May the year 2025 usher in unprecedented opportunities and unheard-of prosperity to all of us.  It is a long time since our planet and its inhabitants has had a decent year of peace and tranquility. Shaktikanta Das demitted office as the Governor of Reserve Bank of India …

From the Desk of Chairman (January 2025) Read More »

31st December 2024 Dear Dr Singh, You may not be used to see a letter of this kind though you might have been getting glorious communications during your illustrious career on earth and thereafter.  With so many followers for you in this world of which an equal number as your ardent admirers, you may be …

Obituary – Dr. Manmohan Singh, by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (January 2025) Read More »

The World of Influencers: Have you heard of Aitana?  Does the name sound familiar?  No?  She is the beauty who is the envy of every woman and is the cynosure of all eyes of all men on our planet.  She is all of 25, a pink-haired woman from Barcelona who receives private messages from all.  …

Article on ‘The Powers and Perils Posed by AI Influencers- Mankind’s Relentless Pursuit of Alternate Reality’ by CS. Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (January 2025) Read More »

In the recently concluded elections to the Maharashtra State Assembly there were some anticipated winners and some sore losers.  However, the biggest winner of them all was the ruling dispensation’s “Ladli Behna Yojana”, a giveaway to the voters in anticipation of their voting for the party in power (in this case), otherwise known as “freebies”.  …

From the Desk of Chairman (December 2024) Read More »

Introduction:  After the excitement associated with the elections, both at state and central, it is time now to let the inevitable fatigue to take over. It is also a time to take a hard look at where we stand as a country on many fronts.  With every passing election, one gets an uncanny feeling that …

Article on ‘Indian Economy – A Beacon of Resilience Amid Global Uncertainty’, CS Venkat R. Venkitachalam,Chairman, Bizsolindia Services Pvt. Ltd. (December 2024) Read More »

Impact on Recipient for non-payment of tax by the Supplier Rule 37A. Reversal of input tax credit in the case of non-payment of tax by the supplier and re-availment thereof : Background of Introducing Rule 37A of CGST Rules, 2017: Prior to the implementation of this Rule, suppliers would report their transactions in Form GSTR-1, …

Article on ‘Rule 37A’, CA Saurabh Jakhotiya, Sr. Advisor, Bizsolindia Services Pvt. Ltd. (December 2024) Read More »

Corporate social responsibility (CSR) is a vital element of business in India. With effect from April 1, 2014, CSR has become an obligatory requirement for certain companies under section 135 of the Companies Act, 2013, compelling them to engage in activities that contribute to the social, economic & environmental development of the country. In this …

Article on ‘Corporate social responsibility (CSR): A Brief’ by CA Manoj Behede, Director, Bizsolindia Services Pvt Ltd (December 2024) Read More »

In GST regime, more than 1.47 Crore businesses in India have been registered and issued GST registration. All entities having GST registration are required to file GST annual return having aggregate total turnover more than 2 Crores, except for few exceptions, irrespective of business activity or sales or profitability during the return filing period. GSTR …

Article on ‘GST Annual Return & Reconciliation Statement – GSTR-9 & 9C’ by CS Anita Patil, Sr. Advisor, Bizsolindia Services Pvt Ltd (November 2024) Read More »

Wish You All A Happy Diwali Prosperous New Year. The statue of Lady Justice, often found outside courthouses and law libraries in India represents the core principles of justice – fairness, impartiality and moral integrity. Lady Justice is typically depicted as a blindfolded woman holding scales in one hand and a sword in the other, …

From the Desk of Chairman (November 2024) Read More »

What is Passive Aggression? It is no secret that one of the most challenging tasks for an organisation is in managing its employees. It is not because the employees are by nature recalcitrant or non-cooperative. It is because of those who are tasked with the job of training and motivating the employees are always found …

Article on ‘PASSIVE AGGRESSION: THE SILENT SABOTEUR How Employees Unwittingly Work Against Themselves and Their Organisations’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd (November 2024) Read More »

Shah Bano was a Muslim woman who was married to Mohamad Ahmed Khan, an affluent and well-known advocate from Indore.  As luck would have it, she turned out to be a symbol in the constitutional struggle in a disorderly intersection of religious principles and individual rights as enshrined in a liberal democracy and the gendered …

Article on ‘THE JUDICIAL DECISION THAT HAD A LASTING CONSEQUENCE ON SOCIETY The Case that was the Undoing of a Great Political Party in India’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (October 2024) Read More »

In the recent times, it has been seen that the GST officers often asking the assessee to make the payment of tax during search/ inspection proceedings under sec 67 of the CGST Act by using threat and coercion. However, it is to be noted that there are no provisions under GST Law for advance payment …

Article on ‘GST payment during Search or Investigation by GST Authorities’ by CA Abhishek Malpani, Sr. Advisor, Bizsolindia Services Pvt Ltd. (October 2024) Read More »

There was this item of news in the newspapers that came to dominate the headlines recently, perhaps for all the wrong reasons.  A young Chartered Accountant pursuing her career by name Anna Sebastian Perayil died in Pune allegedly because of overwork. Her mother wrote a heart wrenching note to her daughter’s employers (Earnst & Young …

From the Desk of Chairman (October 2024) Read More »