Bizsol Thinkline

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 »

Just the other day an eighty-year-old senior citizen died while walking from the aircraft to the terminal building at the Mumbai Airport. At eighty, the passenger was, no doubt, vulnerable. But what matters was that it could have been avoided if we, as a society, were slightly more sensitive in a world that is home …

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

One of the occupational hazards of retiring from a corporate job, especially at a senior level, is that you must be ready to answer some tricky questions for which there are no definitive answers.  Two such typical questions that I have had to face repeatedly were: 1. Can you suggest a profitable startup to pursue …

Article on ‘The Art and Science of Resilience-The Secret of Sauce of Success in Corporate Life’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. (March 2024) Read More »

GST Act 2017 was introduced w.e.f. 1st July 2017 with the object to achieve one tax one nation and good & simple tax and suitable provisions are incorporated in the act and rules made thereunder.  Electronic Intelligence Unit is also designed for the ease of govt officials to do the desk review and assessment therefrom. …

Article on ‘Whether Litigation preferred by GST Council and CBIC?’ by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. (March 2024) Read More »

Recently, by accident I waded into an unfamiliar territory on the internet when I got a chance to listen to Erci Malayalam Podcast that claims to discuss ‘Normalising Cheating/Relationship/Living Together/Kerala Tourism/Bali/Long Distance Relationship’ through engaging discussions, insightful conversations and thought-provoking content spanning a wide range of topics. I was zapped listening to the podcast, not …

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

Under Income Tax Provisions, certain deductions are allowed for Computation of Total Income, if the payments are made within the due dates although appearing in the books of accounts. Sec 43B of the Income Tax Act, 1961 specifies that list of transactions which will be allowed for deduction on payment made within the year and …

Article on ‘Implications of Income Tax on Non-Payment to MSMEs’ by CA Preeti Kulkarni, Director, Bizsolindia Services Pvt. Ltd. (February 2024) Read More »

Hinduism’s Spiritual Renaissance or Karmic Comeuppance? A Temple for All for All Ages: Jog your memory and retrieve the visuals of the images that were flashing on the TV screens on the morning of 22nd January 24 of Narendra Modi, the Prime Minister of the most populous country in the world without his usual retinue …

Article on ‘The Construction and Consecration of a Temple for Lord Ram’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Sercvices Pvt. Ltd. (February 2024) Read More »

Concept Dollarisation: Dollarisation is the phenomenon where the US Dollar replaces a nation’s own currency. It is  a complex economic exercise. Imagine a country where shopkeepers price goods in Dollars, wages are negotiated in Dollars and even savings are tucked away in greenbacks. This is dollarisation, where a foreign currency takes over often replacing or …

Article on ‘Dollarisation of a Country’s Economy’ by CS Venkat R. Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd.(January 2024) Read More »

The Indian Medical Association (IMA) has a headache for which the Association does not seem to have a remedy despite it being the association of all doctors in India. The cause for the headache comes from none other than a ubiquitous Baba who challenged the efficacy and credibility of allopathic medicines and its practitioners.  Baba …

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