Representations have been received from trade and industry that as a common trade practice, the original equipment manufacturers /suppliers offer warranty for the goods / services supplied by them. During the warranty period, replacement goods /services are supplied to customers free of charge and as such no separate consideration is charged and received at the… Read More »
Representations have been received from the trade and field formations seeking clarification regarding the taxability of Employee Stock Option (ESOP)/Employee Stock Purchase Plan (ESPP)/ Restricted Stock Unit (RSU) provided by a company to its employees. It has been represented that some of the Indian companies provide the option to their employees for allotment of securities/shares… Read More »
Representations have been received from the trade and the field formations seeking clarification regarding the time of supply for payment of GST in respect of supply of spectrum allocation services in cases where the successful bidder for spectrum allocation (i.e. the telecom operator) opts for making payments in instalments under deferred payment option as per… Read More »
The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure the cost of repairs/ damages of motor vehicles incurred by the policy holders. Representations have been received from the trade and field formations seeking clarification as to whether in case of motor vehicle insurance, GST is… Read More »
The 53rd GST Council met on 22nd June 2024 under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and Meghalaya; Deputy Chief Ministers of Bihar, Haryana, Madhya… Read More »
Though there are a range of hedging instruments that can be used to reduce risk but often Exporters use Natural Hedging Strategy to mitigate transaction exposure risk by availing different Short Term Foreign currency loans i.e. Pre-Shipment Credit in Foreign Currency (PCFC)/ Foreign Currency Non- Resident Account (FCNR B) Loans because of following two major… Read More »
“A pricing decision is one of the most crucial & difficult decision that a firm has to make. Such a decision affects the long- term survival of any profit-oriented enterprise.” Accounting information is often an important input to pricing decisions. Most firms need to make decision about setting or accepting selling prices for their products… Read More »
The interface of strategic management and financial policy will be clearly understood if we appreciate the fact that the starting point of an organization is money and the end point of that organization is also money. No organization can run an existing business and promote a new expansion project without a suitable internally mobilized financial… Read More »
Due diligence is a process of investigation, performed by investors, into the details of a potential investment such as an examination of operations and management and the verification of material facts. It entails conducting inquiries for the purpose of timely, sufficient and accurate disclosure of all material statements/information or documents, which may influence the outcome… Read More »
Cost Inflation Index is a measure of inflation that is used for computing long-term capital gains on sale of capital assets. It is prescribed by the central government every year and useful in the calculation of the indexed value of the capital assets. It helps a tax payer in computing the actual long-term gain or… Read More »