Independent organizations that work for social and charitable purposes are called as Non-Governmental Organizations (NGOs). In order to facilitate them in contributing to the greater good, the ...

What is NBFC in Simple Terms? A Non-Banking Financial Company (NBFC) is akin to a banking company and engaged in the business of providing loans, accepting deposits (only certain NBFCs), leasing, hire ...

Exports of certain commodities may require special approval or license. SCOMET lists down a few such items. SCOMET is an acronym for Special Chemicals, Organisms, Materials, Equipment, and Technology ...

It is akin to a company-wide system to ensure checks and balances IFC Audit is mandatory for all the listed companies in India IFC Audit ensures that the overall operations of the company are in line ...

International transactions are gaining momentum and more companies are getting involved in foreign investments. Therefore, RBI has placed a mechanism whereby the onus has been put on companies ...

The Special Valuation Branch (SVB Custom) has been established to Investigate the Valuation of Goods Imported by an Indian party from its related foreign supplier. When the Indian importer imports ...

The insolvency proceedings against Jaiprakash Associates Ltd JAL one of Indias leading infrastructure companies has become a case study in the complexities of financial restructuring under the ...

The Central Board of Direct Taxes (CBDT) has released its sixth Annual Report on the Advance Pricing Agreement (APA) programme, marking a significant milestone for India’s taxation landscape. In FY ...

Ensuring adherence to Labour Law Compliance is essential for businesses operating in India. Non-compliance can lead to legal challenges, financial penalties, and reputational damage. This guide ...

In case of any doubt or query, feel free to contact GST Experts at ASC Group. We would be glad to assist you with a complete advisory.

In India's evolving Goods and Services Tax (GST) framework, vouchers—ranging from gift cards and coupons to prepaid instruments—play a significant role in business promotions, customer retention, and ...

As the demand for international financial services increase, there is a strong need to set up businesses in a business-friendly and well-established environment. The government is also actively ...