Pankaj Tyagi

Cut-throat competition has led businesses to adopt aggressive market strategies. In order to escalate the sales figures, many businesses have opted to launch their product in the global market. But selling a product globally isn’t a straightforward task as it seems. Before opting for international trade, one has to address the plenty of formalities under […]

The Institute of Chartered Accountants of India (ICAI) has unveiled certain guidelines related to Accounting for Share-based Payments. The announced guidance note encloses accounting principles for all categories of share-based payments for the company. Applicability of the Guidance Note It should be noted that the guidance note w.r.t related to Accounting for Share-based Payments applies […]

The organization structure is one of those important factors that determine what type of tax one has to pay or compliances one has to follow. Henceforth, one of the most crucial decisions business owners can make is determining what type of business registration is best for them. Furthermore, our legal framework empowers different types of […]

The advent of Goods and Services Tax has impacted many sectors across the country in one way or another. It has also triggered the changes in the finalization of the account. Unlike older regimes, account treatment of GST is easier and less complicated due to the presence of fewer taxes. However, institutions are required to […]

Every entity that wishes to work under the legal framework needs to avail the certificate of registration in the first place. The process of registration is pretty complicated and it is weaved around plenty of legal requirements. To avail of the registration certificate in the first attempt, one has to nail down the documentation part […]

The GOI comes up with yet another set of measures to increase job creation and to provide financial aid to affected sectors. The scheme under which the stimulus has been launched is named Aatmanirbhar Bharat 3.0. The economic stimulus is also likely to increase economic activity in the infrastructures and the housing areas. The recently […]

As per the latest notification rendered by the Central Board of Indirect Taxes and Customs (CBIC), businesses intend to register under GST can opt for Aadhaar authentication. But in case of the unavailability of Aadhaar, the registration would be granted only after Physical verification of Biz place. Key Pointers of CBIC Notification  The CBIC has […]

Every business has to survive through the hardship and apparent obstacles to earn profit irrespective of their size or nature of work. But sometimes even the well-planned strategies couldn’t save the businesses from being hindered by adversity that occurs unexpectedly. and in such cases business left with no other option than cancel company registration. Individuals […]

The Income Tax appellate tribunal of New Delhi bench levied the penalty for the violation of laws regarding the maintenance of Transfer Pricing Document u/s 271AA. The Assessee named Convergys Customer Management Group Inc. is an overseas company operating under the laws of the USA. The assessee has a full-fledged unit in India operating as […]

From 1st April 2021, the businesses whose turnover is well above Rs 100 cr would have to opt for the GST E-Invoicing system without an exception. The government has taken this decision in the direction of ease of doing business. The implementation of the system will let the government repair the revenue leakage which is […]

CBIC has rolled out some crucial directions on the interest on the late GST payment under the purview of the CGST Act, 2017 on 25/08/2020. The CGST Act has undergone several amendments this year. The government has put its best effort to assist the business owners pan India during this tough time. Given this, the […]

Insurance Brokers represent their clients and render advice to a potential customer having a keen interest in buying insurance services & products. These individuals are highly skilled and have a deep understanding of insurance-related products and services. After availing of the insurance broker license, they become eligible to sell multiple insurance products of different companies […]

GSTR-5 is a return form for the individual who is not an Indian national but registered under GST.  A summarized filing form, GSTR-5 is needed to be provided with detailing of outward and inward supplies along with transaction details of a specific business for a non-resident overseas taxpayer. The overseas non-resident taxpayer is the individual […]

Are you having issues in conventionally filing the GSTR-3B? Well, you can now use the SMS facility to serve the same purpose. This blog would enable you to perform a successful filing procedure in easy steps. But before we dive straight into the new method, let begin with some basic things.  What is Nil GSTR-3B? […]