With respect to the unique nature of their businesses and simpler corporate structures, the Indian Government has considered it necessary to introduce an insolvency resolution process for MSME (Micro, Small, and Medium Enterprises). In the pandemic, the government suspended the filing of applications for initiation of corporate insolvency resolution process in respect of the defaults […]
E-Invoicing under GST is an authentication mechanism just like the E-way Bill system. However, the mechanism is different, wherein it involves submitting already generated invoices on the common e-invoice platform before issuing the same to the customer. What is E-Invoicing under GST? It is a system in which Business to Business (B2B) invoices are authenticated digitally by GSTN. All the […]
The government of India has introduced Section 206C(1H) of the Income Tax Act, 1961 with regards to Tax Collection at Source on receipt of sale consideration for sale of any other goods. It is applicable to all sellers of goods whose turnover for the preceding Financial Year exceeds INR 10 crores w.e.f. 01.10.2020. This provision […]
India has experienced a significant outflow of funds in recent times coupled with a weakening currency. However, given its strong fundamentals and growth forecasts, the country continues to remain an attractive destination for foreign investors in the medium to long term. Indian regulations currently allow investors all around the world to invest in India via a number […]
Real Estate is one of the major sectors which has been deeply impacted by the COVID-19 pandemic and the consequent lockdown to contain it. The sector which was already seeing a lull period got hit by a ‘perfect storm’ of Coronavirus. If your company is seeing liquidity issues and cash flow mismatches and you are […]
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