Bizsol Thinkline

In India every company incorporated under the Indian Companies Act, 2013 and erstwhile Act of 1956, which is limited by shares, is required to issue certain types of securities to its stakeholders, viz. equity shares, preference shares, debentures etc., depending upon various factors. These securities are issued by the Company either in physical or dematerialized …

Article on ‘MANDATE FOR DEMATERIALIZATION OF SECURITIES BY PRIVATE LIMITED COMPANIES (OTHER THAN SMALL CO’S & GOVT. CO’S): RULE 9B (PAS) RULES, 2014’ by CS Anita Patil, Sr.Advisor, Bizsolindia Services Pvt Ltd (July 2024) Read More »

Click here to read Updates on 53rd GST Council Meeting

Article on “Expectations from forthcoming 54th GST Council Meeting scheduled on 22nd June 2024” by CMA Ashok Nawal, Founder of Bizsolindia Services Pvt. Ltd. This is the long pending meeting after a long gap and lot of expectations from this meeting, since it is held just before the Indian Budget 2024-25 expected to be in …

Article on “Expectations from forthcoming 54th GST Council Meeting scheduled on 22nd June 2024” by CMA Ashok Nawal, Founder of Bizsolindia Services Pvt. Ltd. Read More »

Introduction: The Government of India has specified the due dates to pay Goods and Services Tax. The due date to pay GST is different for different types of taxpayers. If one fails to pay GST within the due date, one must pay the interest along with the GST dues for the delay period. Relevant Legal …

Article on ‘Analysis of Interest under GST’ by CA Abhishek Malpani, Sr.Advisor, Bizsolindia Services Pvt. Ltd.(June 2024) Read More »

By the time you read this piece you would have already elected a new government to rule over you for the next five years, at the least.  As always, there are also a number of intermediaries facilitating this process. For the purpose of what I want to say here, let me confine myself to the …

From The Desk of Chairman (June 2024) Read More »

6 out of 10 GST taxpayers have completed their “GST Departmental Audit”. Followed by various observations like GSTR-2A reconciliation issues, Input tax credit availed from non-genuine taxpayer or registration canceled vendor, ITC reversals on account of Credit notes appearing in GSTR-2A, mismatch in Outward supplies vis a vis E-way bill issued, Wrong classification of goods, …

Article on ‘Essential Guidelines for Accurate Filing of GSTR-9 and GSTR-9C’ by CMA Amit Devdhe, Sr. Advisor, Bizsolindia Services Pvt Ltd (June 2024) Read More »

Introduction A debit note is a commercial document commonly used in business-to-business (B2B) transactions, which can be utilized by either buyers or sellers to address the amount owed for the sale of goods or services. Essentially, it serves as an additional note associated with an invoice, typically indicating the necessity to adjust the invoiced amount. …

Article on ‘Debit Notes and Eligibility of Input Tax Credit of it in GST’ by CA Anuj Gandhi, Bizsolindia Services Pvt Ltd. (June 2024) Read More »

Introduction: Arguably, one of the most difficult relationships in the corporate sector in India is in the sphere of work ethics involving workmen who are constantly called upon to deliver up to the required standard of efficiency and the management who is tasked with the duty of ever greater performance all the time. In the …

Article on ‘India and its GIG Economy – The Emerging Duality of India’s Workforce – Empowerment or Exploitation?’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd. ( June 2024) Read More »

The Fiscal Responsibility and Budget Management Act (FRBM Act) of 2003 is an Act of the Indian Parliament that aims to improve the management of public funds, reduce the fiscal deficits, and strengthen fiscal prudence.   Mr. Yashwant Sinha, the then Finance Minister of India introduced the Act in Parliament.  The Act carried with it a bouquet …

Article on ‘The Fiscal Responsibility and Budget Management Act The Kerla Story’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd (May 2024) Read More »

There was a time, not long ago, the English were only too happy and willing to go to any of the third world countries and pitch their tents there.  Now they have come a full circle. Now they do not want to go anywhere; but they do not want anyone to come to their land …

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

Now a days India is moving forward with environmental sustainability at a fast pace, as are many other countries. Compliance with Extended Producer Responsibility (EPR) is an essential component of this journey. As per Annual Report 2020-21 by CPCB estimated plastic waste generation during the year was approx. 41,26,997 TPA (Tons Per Annum). An EPR …

Article on ‘Extended Producer Responsibility for Plastic Waste’, by CS Anita Patil, Sr. Advisor, Bizsolindia Services Pvt Ltd. (May 2024) Read More »

Notification No. 71 / 2023 dtd 11.03.2024 issued by Ministry of Commerce and Industry to clarify enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation Holders, EOU and SEZ, which provides Appendix 2Y of Foreign Trade Policy indicating products covered under Quality Control Orders issued by …

Article on ‘Be Quality Cautious Even selling in Domestic Market in India’, by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (May 2024) Read More »

The long-awaited support and advantage needed to bolster Export Oriented Units (EOUs), Advance Authorization Holders, and Special Economic Zones (SEZs) has finally been granted by the government. This extension was announced through notification no. 70/2023 dated 8th March 2024, effective for a period of six and a half months, from 11th March 2024 to 30th …

Article on ‘EOU, AA holders and SEZ units gets the benefit of RoDTEP scheme till September 2024’ by CA Anuj Gandhi, Bizsolindia Services Pvt. Ltd. (April 2024) Read More »

There was a time, not too long ago, when one could speak with an element of certainty on matters related to business and commerce in India in the rarified corporate environs in any part of the world. It was not surprising that such a situation came to pass where orthodoxy was the ruled the roost …

Article on ‘The Future of Work in India-Embracing Change in the Land of Opportunities’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd (April 2024) Read More »

The Supreme Court (SC) in a landmark judgment gave its verdict on the electoral bonds.  This will go down as one of the most significant judgments handed down by the Supreme Court of India.  This Bond scheme was unveiled as part of his speech when Arun Jaitley presented his Budget in the Lok Sabha in …

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