Accounting & Taxation Purpose: Needed, GST, not another alphabet soup The Cabinet Committee on Economic Affairs (CCEA) approved last week a new Remission of Duties or Taxes on Export Products (RoDTEP) scheme that will reimburse central and state taxes, duties and cess on petroleum products and electricity and levies other than the goods and … Read More →
ACCOUNTING & TAXATION A Preliminary Framework for Product Impact-Weighted Accounts: Although there is growing interest in environmental, social, and governance measurement, the impact of company operations is emphasized over product use. A framework like this one that captures a product’s reach, accessibility, quality, optionality, environmental use emissions, and end of life recyclability allows for a … Read More →
ACCOUNTING Accrual Basis of Accounting On the other hand, accrual basis of accounting, recognized income when it is earned and recognizes expenses when they are incurred: The firm will expense raw materials consistently as they are used and not in one single charge when they are paid for. The firm will record income when all … Read More →
CORPORATE LAW UPDATE: MAY-JUNE 2016 1.Company Law Board Dissolved: The Company Law Board stands dissolved with and with effect from June 1, 2016, the National Company Law Tribunal has been constituted. The location of the benches and postal address is mentioned in Circular dated June 7, 2016 issued by the Ministry of Corporate Affairs. 2. … Read More →
Do you want to setup a company, HOLD-ON are you aware of Companies Act & Company Law: A Company is defined as a voluntary association of persons formed for the purpose of doing business, having a distinct name and limited liability. Companies, whether public or private, are an indispensable part of an economy. They are … Read More →