Let me begin by describing the meaning of a Mutual Fund. It is a financial product that pools money of different individuals and invests on their behalf into various assets such as equity, debt or gold as per the objective of the scheme. Based upon the investor’s financial goals and risk appetite, there are several funds to choose from.
Meaning of job-work under GST: “job work means any treatment or process undertaken by a person on goods belonging to another registered person and the expression job worker shall be construed accordingly” [Section 2(68)] Before we discuss the implications of above definition, it is important to understand that the activity of sending the goods for […]
Introduction The applicability of GST requires determination of each transaction as supply of ‘goods’ or supply of ‘services’. However, many a times the nature of transactions are such that they cannot be clearly classified as the supplies are bundled. It could take the following forms: Bundle of two or more goods: Keyboard and mouse sold […]
Q1. What is Advance Ruling under GST? Ans. ‘Advance Ruling’ is a decision provided by the Authority for Advance Ruling (AAR) or the Appellate Authority for Advance Ruling (AAAR) to an applicant on specified matters or questions, in relation to the supply of goods or services or both being undertaken or proposed to be undertaken […]
Every electronic commerce operator, and every person supplying goods and services through electronic commerce operator (except service providers rendering services through service aggregators notified as discussed above) shall not be eligible for threshold exemption.
Currency fluctuation is a phenomenon that is important to understand due to various reasons. At the very outset, it may not seem necessary for individuals who have no export or import business, or for the ones who are not planning a trip abroad or maybe a foreign education for their kids
In the recent times, Quantitative Easing policy of the US Federal Reserve has gained a lot of attention from businesses, investors and stock markets the world over. This has generated curiosity in the minds of many as to what it actually is and how it affects the world economy. This article is an attempt to satisfy such curious minds.
Finance and economics share an inseparable bond since ages. Yet we finance professionals, or to-be finance professionals of different fields such as CA, CS, CMA commit the sin of keeping ourselves separate from economics, yet claiming to be true holders of ultimate knowledge in the field of finance. By means of this article, I intend […]
Deficit financing is that, which, if used responsibly, can lead an economy to prosperity; however, if used thoughtlessly, can do the opposite. It is the tool suggested years ago by known economist John Keynes, and used today throughout the world by various finance ministers of different economies in their budgets.
Deficit financing is the method by which a government finances its budget deficit, that is, it covers its expenditure in excess of the revenue. The most common forms of deficit financing are borrowing from foreign governments, or from banks like the World Bank, or borrowing from the central bank of the country (RBI in the case of India) by issue of different instruments like treasury bills and new bonds,
