Submission of declaration in Form No.60 (by persons not having PAN) w.r.t. transactions specified under Rule 114B can be in paper form or electronically under the electronic verification coderead more →
Re-export of Imported Goods (Drawback of Customs Duties) Rules, 1995, Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, Drawback Schedule and provisions thereto are amended to align with…read more →
Project Imports Regulations, 1986 have been amended to define the specific Sponsoring Authority for Metro Rail or Monorail projects viz Kolkata Metro Rail Project, Delhi Metro Rail Project - Delhi…read more →
Form 3CED w.r.t. Application for an Advance Pricing Agreement is amended and paragraph 3 and 4 therein are substituted calling for more specific details about the Associated enterprise involved in…read more →
Time limit prescribed for repatriation of excess money arising on account of primary adjustments in Transfer Pricing shall be 90 days as under: Primary adjustments arising out of Counted from…read more →
Changes in place of provision of service rules w.r.t. online information and database access or retrieval services and withdrawal of exemptions thereto : Notification_No_46_2016-Service Tax_15112016 : notification_no_46_2016-service-tax_15112016 Notification_No_47_2016-Service Tax_15112016 :…read more →
Hon. Prime Minister of India is constantly reviewing the progress on his plan of implementation of “Ease of Doing Business”, which is the media for successful implementation of “Make-in-India” movement…read more →
Executive Summary The related party transactions of import of goods are subjected to review by the Special Valuation Branch (SVB) of customs owing the complexities involved therein. Most of the…read more →
Executive summary The excise duty has been made applicable on following Jewellery articles manufactured and cleared w.e.f. 1st March 2016. The Jewellers are on strikes since announcement of the levy…read more →
CBEC has issued following circulars giving guidelines for scrutiny of Central Excise & Service Tax returns vide circular No. 1004/11/2015-CX dtd. 21.07.2015 and 185/4/2015 ST dtd. 30.06.2015. Methodology of scrutiny…read more →
Towards the path of GST, Central Excise & Service Tax department is getting augmented and therefore more Commissionerate & more divisions have been made by way of restructuring. Separate Service…read more →
Budget Analysis was providing detailed changes which will be effective from 1st October 2014 which has been once again reproduced below: Section/Notification/Circular No. Amendment Effective Date Existing Provision Amendment in…read more →
Circulars w.r.t. GST matters issued as on date Clarification is issued w.r.t. Inter-state movement of various modes of conveyance, carrying goods or passengers or for repairs and maintenance Clarification w.r.t.…read more →
Following Integrated Tax (Rate) Notifications are notified: Notification Number Content 01/2017-Integrated Tax (Rate), dated 28-06-2017 Rate Schedule of the integrated tax notified 02/2017-Integrated Tax (Rate), dated 28-06-2017 Exemption from IGST…read more →
Following Integrated Tax Notifications are notified: Notification Number Content 03/2017-Integrated Tax, dated 28-06-2017 Following Sections of IGST Act, 2017 will be effective from 1st July, 2017 Sections 4 to…read more →
Following Central Tax (Rate) Notifications are notified: Notification Number Content 01/2017-Central Tax (Rate), dated 28-06-2017 Rate Schedule of CGST notified 02/2017-Central Tax (Rate), dated 28-06-2017 Exemption from CGST 03/2017-Central…read more →
Following Central Tax Notifications are notified: Notification Number Content 07/2017-Central Tax, dated 27-06-2017 Amendments to the Central Goods and Services Tax Rules, 2017 notified vide Notification number 03/2017-Central Tax, dated…read more →
Following Union Territory Tax (Rate) Notifications are notified: Notification Number Content 11/2017-Union Territory Tax (Rate), dated 28-06-2017 Rates for supply of services under UTGST Act 12/2017-Union Territory Tax (Rate),…read more →
Following Union Territory Tax Notifications are notified Notification Number Content 01/2017-Union Territory Tax, dated 21st June, 2017 Following Sections of The Union Territory Goods and Services Tax Act, 2017 will…read more →
Following Compensation Cess (Rate) Notifications are notified: Notification Number Content 02/2017-Compensation Cess (Rate), dated 28-06-2017 Rates of compensation cess on supply of specified services read more →
Final GST Rules on following published : Advance Ruling Authority Rules Formats Anti-Profiting Rules Appeal and Revision Rules Formats Assessment and Audit Rules Assessment Formats Audit Formats E-way Bill Rules…read more →
Analysis by Bizsolindia Analysis of Input Tax Credit Rules Analysis of GST Valuation Rules Analysis of Transitional Provisions Rules Analysis of Composition Rules Analysis of Invoice Rules Analysis of Payment…read more →
GST council meeting 31st March 1. GST rules on registration, refund, returns, invoice -debit note and credit note have been approved 2. Further the drafts rules for input Credit, valuation,…read more →
OFFICE OF THE PRINCIPAL COMMISSIONER OF SERVICE TAX SERVICE TAX COMMISSIONERATE, PUNE Ist Floor, ICE HOUSE, 41-A, SASOON ROAD,PUNE-411001 ------------------------------------------------------------------------------------------------------------------- Communication to the Central Excise / Service Tax Taxpayers on…read more →
No sooner political hurdles were out and consensus amongst the political party reach in the Rajya Sabha, 122nd Constitutional Amendment Bill, 16 states have immediately ratified 122nd Constitutional Amendment Bill…read more →
Sector Wise Impact Analysis in brief : Power Sector includes: Generation Transmission - Distribution Captive Power Plant Wind Mill Generation Solar Generation Non-Conventional Energy Nuclear Energy At present there is…read more →
Every Citizen of India is keenly waiting for outcome of winter session w.r.t. 122nd Constitutional Amendment Bill 2014. Each citizen is also hoping that political sense will prevail and economic…read more →
Business Process for GST on Registration : Report_on_GST_Registration Business Process for GST on Refund Process : Report_on_GST_Refund Process Business Process for GST on Payment Process : Report_on_GST_Payment Process Business Process…read more →
Introduction Though 122nd Constitutional Amendment Bill 2014 has been tabled in the Loksabha (in the parliament), parliament could not discuss the same. Perhaps it will be discussed in forthcoming session.…read more →
CBDT entered into 5 Unilateral Advance Pricing Agreements with Indian taxpayers and 1 Bilateral Advance Pricing Agreement (involving United Kingdom) during June, 2017. Total number of APAs signed since the…read more →
Paper Assessment Proceedings intiated by CBDT - Procedure, Formats, Standards for electronic communication with Income Tax Department notified (Refer Notification no. 2/2016 dated 3.2.2016) IT Notification - 2-2016read more →
SWACHH BHARAT CESS (SBC) FREQUENTLY ASKED QUESTIONS (FAQ) Background: Chapter VI (Section 119) of the Finance Act 2015 contains provisions for levy and collection of Swachh Bharat Cess (SBC). Now…read more →
Prime Minister Modi envisions transforming our nation and creating opportunities for all citizens by harnessing digital technologies. His vision is to empower every citizen with access to digital services, knowledge…read more →
When Companies Act 2013 was introduced, Article on CSR was published in Bizsol Update in the month of November 2013. Companies (Corporate Social Responsibility Policy) Rules 2014 have been notified…read more →
Bizsolindia is the company promoted by a group of professionals providing Commercial Services, Software Solutions. We make our capabilities available locally where and when you need them. It is an organization driven by a team having rich and varied experience in the field of all managerial disciplines of business.
Venkat R. Venkitachalam is fellow member of Institute of Chartered Accountants of India and Institute of Company Secretaries of India. He is chairman of Bizsolindia Services Private Limited. He comes on board with versatile experience on subjects like strategy, management, HR, finance etc. He is Ex-Chairman of Fibre Foam Bombay Private Limited, Ex-Director of VIP Industries Ltd, Ex-Managing Director DGP Windsor Ltd, Ex-Chairman Nashik Industries and Manufacturers Association, Ex-President CII Nasik Region, Ex-Trustee of Yashwantrao Chavan Open University. He is visiting faculty to various Management Institutes. He is also member of number of social and industrial associations in Maharashtra.
Manoj Malpani is associate member of Institute of Chartered Accountants of India and Institute of Cost & Management Accountants of India. He is senior Advisor. He is also a partner in Behede Joshi & Associates, Chartered Accountant. He has more than 8 years of experience in Strategic planning, Advisory & Audit Services w.r.t. Direct & Indirect Taxes, Foreign Trade Policy for newly setup and existing enterprise. His specialization lies in Indirect Tax, Foreign Trade Policy and Transfer Pricing matters. He has conducted workshop and training on various topics like Central Excise, Customs, Service tax, Foreign Trade Policy, Transfer Pricing. He is regular faculty for seminars and Training programs on varied subjects of Indirect taxes, Foreign Trade Policy, Budget Amendments etc arranged by Industry associations, Institute of Chartered Accountants of India and Institute of Cost & Management Accountants of India. He has imparted training to the officials of Central Excise department. Email: email@example.com
Manoj Behede, is Fellow member of Institute of Chartered Accountant of India and associate member of Institute of Cost & Management Accountant of India. He is Director of Bizsolindia Services Pvt. Ltd and senior partner in Behede Joshi & Associate, Chartered Accountant. He has more than 20 years of experience with corporate exposure comprising of more than 12 years in strategic planning on Direct & Indirect Taxes and Foreign Trade Policy. He has imparted training to the officials of Central Excise department. He was also one of the Recognized trainers for Officers of Sales Tax Department during introduction of MVAT in Maharashtra. He has imparted training in various seminars organized by various corporates, industry association, professional bodies like ICAI-CA, ICAI-CMA, ICSI etc. He is business advisor to number of multinational companies, Indian corporates. He is a regular speaker in various lectures / seminars arranged by Bizsol on Budget, Foreign Trade Policy etc.
Ashok Nawal, was a fellow member of Institute of Cost & Management Accountant of India. He is Principal Advisor of Bizsolindia Services Pvt. Ltd. He is practicing Cost and Management Accountant. He is presently Central Council Member of ICAI-CMA. He is having industry exposure of more than 36 years in the fields of Indirect Tax, Foreign Trade Policy, FEMA etc. Before founding this company he had worked with some of the renowned corporates like Mahindra’s, Piramal’s and Jain Group of industries. He has imparted training to the officials of Central Excise department. He has also imparted training in more than 400 seminars organized by various corporates, industry association, professional bodies like ICAI-CA, ICAI-CMA, ICSI etc. He is regular speaker in various lectures / seminars arranged by Bizsol on Budget, Foreign Trade Policy etc. He has authored various articles in professional journals and magazines on the varied subjects. He is one of the Contributor to number of suggestions implemented by Central Board of Excise and Customs (CBEC) and Ministry of Commerce for liberalization and simplification of laws. Currently is heading the Taxation Committee of the ICAI-CMA, which assist and advise the policy makers for devising the tax reforms in India. He is ex-member of task force for drafting the SEZ Rules, revamping of EOU scheme and Regional Advisory Committee of Excise Commissionerate.
Hemant Sonar is a MBA in marketing. He is Director of Bizsolindia Services Private Limited. He is also promoter and director of Bhagwati Shipping Services Pvt Ltd. He is in charge Freight Forwarding and Logistics.
Arun Sawant | Advocate | President - Business Strategies & Development
Arun Sawant is Post Graduate in Finance & Advocate by Profession. He is President – Business Strategies & Development. He has more than 12 years’ of industrial experience with Multinationals in India with experience in Joint Ventures, Technical Collaborations, Marketing & Exports, Purchase & International Procurement, Personnel, Finance, Stores, Strategic Management, Indirect Taxations, and Foreign Trade Related Matters & General Business Administration. He is well-versed with Indirect Taxation Laws in India and handling multinational clients in India in the field of Customs, Excise, Service Tax, VAT/CST, Foreign Trade Policy & Procedures and other Fiscal Laws, Business Laws and Industrial & Labour Laws. Providing Business Advisory & Consultancy Services in the spear of taxations, operation management, audits and catering to over 200+ clients in India.
Nilesh Pathak is a Graduate in Commerce & Advocate by Profession. He is Manager – Business Development of the company. He has 15 years’ of industrial experience with manufacturing companies in India with experience in Stores & Indirect Taxations, and Foreign Trade Related Matters. He is well versed with Indirect Taxation Laws viz. Customs, Excise, Service Tax, FTP, EOU Schemes, SEZ Unit & Developers in India and is independently handling clientele of Bizsol located in the Western Side of India.
Abhishek Malpani is associate member of Institute of Chartered Accountants of India. He has graduated from Symbiosis Internal University in Commerce. He is partner in Behede Joshi & Associate, Chartered Accountant. He is heading operations at Aurangabad Branch of the company. He has more than 4 years of experience in Advisory, Audit & Assurance Services w.r.t. Direct & Indirect Taxes. He also specialises in operations related to Central Excise, Service Tax, VAT & Customs, Foreign Trade Policy matters.
Preeti Kulkarni is associate member of Institute of Chartered Accountants of India. She has graduated from Mumbai University in Commerce. She is partner in Behede Joshi & Associate, Chartered Accountant. She has more than 9 years post qualification experience in Direct & Indirect Taxes and Foreign Trade Policy. Her expertise lies in internal audits for various companies for compliance of indirect taxes, direct taxes, Foreign Trade Policy and related matters. She also undertakes statutory audits and Transfer Pricing assignments. She also handled various matters of EOU, SEZ, STPI – from set up, operations to closure.
Monica Joshi | FCA, DISA | President - International Business
Monica Joshi is a Fellow Member of The Institute of Chartered Accountants of India (ICAI). She has completed the post qualification course of Diploma in Information System Audit conducted by ICAI. She started her career with Bizsol and is having more than 14 years of vivid experience in Taxation, Strategy, Advisory, Outsourcing, Assurance, Accounting and Operations Management. She was heading the Pune operations in capacity of CEO for more than 10 years and has now been assigned a new role and responsibility considering her vast experience. Monica is currently the President – International Business for our company and operates out of US. She is responsible for devising strategies for business expansion to new markets outside India and execution of these strategies for market diversification. She is also involved in Research & Development activities for adding on new business avenues to the company profile. She is one of the promoter partners of the Firm M/s. Behede Joshi & Associates, Chartered Accountants. She has conducted workshops and training programs on various topics of GST & other Indirect Taxes, Foreign Trade Policy, Special Economic Zone / Export Promotion Schemes, Income Tax, Budget Amendments and is a regular faculty for Seminars and Corporate Training programs.
Pravin Arote | Sr. Vice President - Advisory & Operations
Pravin Arote has completed his Post Graduation in Commerce. Having passion for Foreign Trade, he went on to pursue his interest and completed the Diploma in Export Management. He is having more than 35 years of experience in Foreign Trade, Accounts, Finance, HR, Taxation, Outsourcing, Management & overall administration matters. Before joining Bizsolindia, he worked with renowned corporates like Piramal, Demech Group of Companies, etc. on senior management positions, wherein he handled varied portfolio of businesses. He is currently assigned the function of Sr. Vice President – Advisory & Operations. With his versatile experience in various industrial segments, he is instrumental in facilitating our company achieve its goal by ensuring implementation of the policies of the organisation and keeping the value systems of the organisation intact. His experience is of great value to our customers and he is responsible for ensuring the deliverables to them by leading and managing the entire operations function across India.
Minal Sonaje is associate member of Institute of Cost and Management Accountants of India. She has done her Masters in Commerce. She is currently heading operations at Vadodara Branch. She is partner in Nawal Sonaje & Associates, Practicing Cost Accountants. She is having more than 8 years’ experience in Banking, Finance, Costing system Development and MIS, Indirect Taxation. She was Treasurer of Baroda chapter of Cost Accountants in the years 2009-10 and 2010-11. She was also Joint secretary of Baroda Chapter of Cost Accountant in the year 2011-12. She is also visiting Faculty for Inter and Final Classes of ICAI, Baroda chapter.
Nanda Barde is associate member of Institute of Cost Accountants of India. She is also a partner in A B Nawal & Associates, Cost Accountants. She has more than 7 years post qualification experience in Direct & Indirect Taxes and Foreign Trade Policy. Her expertise lies in Costing & Statutory Audits for various companies for compliance of indirect taxes, direct taxes, Foreign Trade Policy and related matters. She also undertakes statutory audits and Transfer Pricing assignments. She also handled various matters of EOU, SEZ, STPI – from set up, operations to closure.
S. Subhashini |FCMA | Advisor (Chennai Operations)
Subhashini is a Fellow member of the Institute of Cost Accountants of India, post graduate & M.Phil in Commerce from the University of Madras, Fellow Member of the Insurance Institute of India, Topper & awarded Best in Academics. Currently pursuing doctorate in M.K University. Started the career with United India Insurance Company Limited, Head Office, Chennai in the year 1995. After a decade of service in Accounts, Personnel, Claims and underwriting, started practice as a Cost Accountant in the year 2004. Based out of Chennai, has been handling Cost Audits, Internal Audits, Consulting and advisory services for large Corporate and Multi-national Companies in Garment, Automobile, Engineering, Metal, Poly Bags & other industries. Done a number of Special audits appointed by the Chief Commissioner of Central Excise. Director, Kenspire Advisors Private Limited, A Management Consulting & Business Advisory Services Company. Head of Chennai Operations of Bizsolindia Services Pvt. Ltd. Member, Expert Committee of Madras Chamber of Commerce & Industry (MCCI) one of the oldest and active Chambers in Chennai. Founder President of Pearl City Masonic Ladies Forum and Patron-Women’s Wing, Institute of Cost Accountants of India – SIRC.
Dr. Anil Anikhindi (BCOM, GDCA, FCMA, M.Phil, Ph.D) is a fellow member of The Institute of Cost Accountant of India. He is practicing as Cost Accountant since 1985. Advisor of Kolhapur Operations of Bizsolindia Services Pvt. Ltd. He is having professional exposure of more than 30 years in the fields of Cost Accounting, Cost Audit, Central Excise, Service Tax, Internal Audit, Financial Audit of Co-operative sector, Income Tax related matters, Company Law compliances etc. He has imparted training to the officials of Central Excise department. He has also imparted training in the seminars of ICAI-CMA Chapters on various professional subjects. He has served as Visiting Lecturer in CSIBER (An Autonomous Institute) in MBA, MCA, MCOM courses for 15 years. He has obtained his Doctorate from Shivaji University, Kolhapur for his research on “Cost Based MIS for Decision Making”. He has worked on Regional Advisory Committee of Central Excise Commissionerate, Pune Zone. He is also working on Public Grievances Committee of Central Excise, Kolhapur Commissionerate since last 10 years. He is presently working as an Authorised Consumer Representative of Maharashtra Electricity Regulatory Commission (MERC). He has presented a paper on “Cost Audit in Electrical Power Industry” in the International Seminar in Bangladesh. He has devised Product Costing system for Dairy and Cattle Feed Industries in Sultanate of Oman. He is having permanent recognition as “Post Graduate Teacher” in Management Accounting and as “Research Guide” for M.Phil./Ph.D courses in Business Management, Commerce, Costing, Taxation and Management Accounting from Shivaji University, Kolhapur. Besides profession, he is a Yoga Teacher, trained from Patanjali Yoga Peeth, Haridwar. He is also an active member of Akhil Bharatiya Grahak Panchayat and presently working as Treasurer of Kolhapur District