It has been more than 5 years since GST has been implemented in India and now this tax should be completely established in India but according to the news coming continuously from the business sector, problems are still there.
The Importer Exporter Code (IEC) is an important component for any business that is engaged in the import and export of goods. The IEC is a ten-digit number, issued by the Directorate General of Foreign Trade (DGFT), to all Importers and Exporters in India. This code is required to be mentioned while submitting any documents related to imports and exports.
EPFO is an innovation driven social security organisation aiming to extend universal coverage and ensuring Nirbadh (Seamless and uninterrupted) service delivery to its stakeholders through state-of-the-art technology.
Board resolutions are important from the point of business. It serves as a formal record of the decisions and actions taken by the Board of Directors.
AOC-4 is a form that is filed with the Ministry of Corporate Affairs (MCA) in India.
A holder is a person who legally obtains the negotiable instrument, with his name entitled on it, to receive the payment from the parties liable.
Section 194IA is inserted by Finance act 2013 and it is applicable from 01st of June, 2013.
RBI has recently issued the 'Directions - Acquisition and Holding of Shares or Voting Rights in Banking Companies' in order to ensure that the ultimate ownership and control of banking companies are well diversified and the major shareholders of banking companies are 'fit and proper' on a continual basis.
A Chartered Accountant (CA), a Company Secretary (CS), and a Cost and Management Accountant (CMA) are all highly qualified and respected professionals in the field of finance and accounting. They each have their own unique roles and responsibilities, but all play an important and irreplaceable role in the business world.
Recently, we are coming into the knowledge that audit u/s 66 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as "CGST Act”) is being carried out and in almost all the audits, one of the paras.