To cover the financial losses due to any unforeseen event, as a contractor or builder in real estate business, you may use construction all risk insurance policy.
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With policy reforms and Goods and Services tax (GST) becoming a reality very soon, India has bounced back and has ranked 2nd on the optimism index during the third quarter (July-September 2016) in the latest Grant Thornton International Business Report survey.
Moving swiftly on the road to formalising the biggest reform of the indirect tax regime, the Goods and Services Tax (“GST”) Council on November 3, 2016, has decided four-tier GST tax structure of 5, 12, 18 and 28%, with zero rate for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.
In its meeting on 03rd November 2016 GST Council has finalised Four GST Rates of 5%, 12%, 18% & 28% which will be levied on Various good post implementation of GST.
Preventive Vigilance is a management function to be exercised by all supervisory authorities for overall risk management in any organization. A supervisory officer cannot absolve himself from vicarious liability if the supervisor who has the right, ability or duty to control the activities of a subordinate does not take steps to prevent the acts of misdemeanor by the subordinate.
The seven shades of Indradhanush mission include appointments, board of bureau, capitalization, de-stressing PSBs, empowerment, framework of accountability and governance reforms.
Returns on equity for the last few months have been very unstable. Most of the financial advisors are endorsing their clients to go for balanced funds. Balanced funds are outstanding options for investment for investors having moderate risk appetite, as they could provide great returns for investors having restricted downside risks.
Every person who is registered under the earlier law shall be issued provisional Number and after submission of requisite documents , GSTIN shall be issued as prescribed.
According to the Model law on GST which neither contains the exemptions nor the rates of taxation as of now, it appears that all services in relation to coaching and training would be subject to levy of GST as the scope of ‘service’ is very wide.
