The Union Government will implement the Insolvency and Bankruptcy Code after considering all the legal aspects, inputs and hold discussions with the judicial authorities to ascertain their thoughts, Minister of State for Finance, Mr Arjun Ram Meghwal said at an ASSOCHAM event held in New Delhi today.
High Court held that Considering the Office Memorandum F. No. 404/72/93- ITCC dated 29thFebruary 2016 as a whole, there is no such requirement of pre-deposit of 15% of the disputed demand either at the time of submitting stay application or before the stay application of the assessee is considered on merits.
Comparative study of changes for Manufacturing industry in GST with existing tax laws related to Registration, Branch Transfer and Input Credit are explained below :-
Forecasting & Budgeting both play an important role in business as it helps in strategizing the business, formulating the strategies based the assessment of trend & latest developments in industry.
All the Business processes to be improved as the business migrate to GST. From the Transaction level to Reporting and Reconciliation level all the process to be changed as per the regulation mentioned by GST. The business houses are need to improve their ERP to cope with GST Changes. The below points are need to be taken into consideration for the ERP Changes.
