In the recent scenario of India, law and order is something which we should emphasize on a better level. It has been observed that forensic experts face issues and challenges when it comes to investigating crimes and at the same…
Transfer Pricing Consideration During COVID 19
The tremendous potential to make a business run at a global level has broken the barrier. This has led to the adoption of a broad horizon in promoting the business worldwide. Therefore, it is clear that even if there is…
Skills You Need for an Internal Audit
To make and implement the most effective management decisions from the point of view of the strategic development of an economic entity, constant and effective internal control is required at all stages of the management process. In market conditions, the…
Why Is It Recommended To Register A Company Or Legal Entity?
When you are about to start a new business, you wonder whether or not you should set up a legal entity to develop that project. Perhaps you ask here and there, and doubts increase when it is reported that to…
New Perspectives and Opportunities in Internal Audit for an Accountant
In the face of economic uncertainty, internal audit has become a critical resource that can help companies improve their internal control and risk management systems and improve overall business performance. And if 2-3 years ago, managers preferred to outsource many…
How to Assess Your Business Successfully
Today the concept of “internal audit” has become widespread in business. Many large enterprises and companies prefer to create their internal audit services and departments, training their employees. When deciding to conduct an internal audit, it is necessary to determine…
Hierarchy of Internal Audit. What is Difference Between Internal and External Audit
Internal audit staff conducts an independent assessment of all systems and processes of the organization from the point of view of how effectively current tasks are being solved and goals are being achieved. They make recommendations to remove bottlenecks, mitigate…
Appeal Process Under GST A Robust Mechanism for Resolving Tax Disputes (Part -II)
As we discussed in our earlier blog about the appeal process, we got to know about the Hierarchy of 4 levels of Appeal under GST. Taxpayers can approach the First level i.e., Appellate authority against the adjudication order, and thereafter…
Appeal Process Under GST A Robust Mechanism for Resolving Tax Disputes (Part -1)
Now that adjudication under the Goods and Services Tax (GST) law is in full swing, GST officers are issuing notices and conducting adjudicating processes against the Taxpayers on a scrutiny basis. Based on the Adjudication conducted by the GST officer,…
Mere Execution Of Works Contract In A State Mandates Registration?
The primary focus of every economy has been on increasing the ease of doing business for its people. To achieve this, various relaxations have been given to businesses so that they can put their efforts and resources on their core…