Schedule V of Revised Draft GST Law- Persons Liable To Be Registered

Schedule V of GST Law deals with person liable for registration. This schedule can be divided in three parts.Part A – Turnover Based Registration– As a general rule, every supplier is liable to be registered if his aggregate turnover in a financial year exceeds 20 lakhs....

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All about NBFC Compliance and NBFC returns

In September 2016, RBI has issued Master Direction - Non-Banking Financial Company –Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016, to be followed by NBFCs. There is a separate Master Direction for NBFCs which accepts public deposit or NBFC’s with an asset size above Rs 500 crore....

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Why Indians don’t like to pay taxes??

1) Why should I pay? I am already earning very less. 2) When others are not paying....why should I? 3) What is the benefit of paying taxes? The corrupt politicians and bureaucrats will wipe it for their personal gains. 4) Tax rate ( Income tax) is too high. When i can survive in a profit margin of 5-8 percent, Why govt needs 30 percent ...

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Domino’s- Accounting of Franchise agreement in business acquisition-Ind-As/ IFRS

Lets understand a situation where its franchisor i.e. Domino’s USA takes over or bought the business of Domino’s India under Business combination. Now, questions which will be arisen related to this existing franchise agreement are-...

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Disbursement of Yearly Loan Statement in physical form

As we all know in India, there are many senior aged citizens who are not a part of Digitization i.e. they do not use Internet, emails, social media networks etc. Almost each household would have some sorts of Loans with a Bank or any other loan disbursement institutions and these senior citizens also form a part of these loans....

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Analysing Member’s Right to Information under Companies Act, 2013

The Directors and other Key Managerial Personnel {KMP} of a company constitute its top management with statutory positions, authorities and accountabilities. Their appointments and changes along with their prescribed particulars, including details of the securities held/sold by them in the company etc....

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The Tyre Industry: the dust settles and awaits Achhe dine comeback!

The Tyre stocks which were considered to be quiet stable (except MRF) in last decade, saw an amazing rally since last few years. Here we will discuss the major threats & strengths of the Tyre Industry....

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New Syllabus for Foundation Programmes of CS Course

Introduction of New Syllabus for the Foundation Programmes of the Company Secretaryship Course- The New Syllabus for Foundation Programme shall comprise of four PAPER 1: BUSINESS ENVIRONMENT AND LAW PAPER 2: BUSINESS MANAGEMENT, ETHICS & ENTREPRENEURSHIP PAPER 3: BUSINESS ECONOMICS PAPER 4: FUNDAMENTALS OF ACCOUNTING AND AUDITING...

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Aditya ferry: Viakom’s new Satyagraha for clean energy

Vaikom, the land of Satyagraha is situated in the northwest of Kottayam district in Kerala created history again on 12th January 2017. ...

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National Deworming Day: World’s Largest Deworming Programme

National deworming DAY is a commendable step that will go a long way in ensuring healthy India. On India’s glorious record sheet of eradicating Polio, Guinea worm, Small pox, Maternal and neonatal tetanus, this may become yet another entry. Together as a nation we have an obligation to put sunshine into the lives of our little ones. The...

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