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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Watch ‘Financial Year End Practices Checklist’ by CA Sharvan Biyani, Sr.Advisor, Bizsolindia Services Pvt.Ltd
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 …
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 …
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. Â Electronic Intelligence Unit is also designed for the ease of govt officials to do the desk review and assessment therefrom. …
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 …
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 …
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 …
Do You Know What is PLI?
Watch ‘High Court, Supreme Court Proposes Bureaucracy Disposes on ITC’
Celebrating the ’27th Bizsolindia Foundation Day’
Bizsolindia Services Pvt. Ltd. has been honored with the "Maharashtra State Best Employer Brand Award 2026" at a prestigious ceremony held at Taj Lands End, Mumbai.
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