It is a myth that corporate governance is good management of the company. It is not as it applies to every form of organization whether an LLP, Family Trust, Partnership, Cooperatives, Charitable Organization, etc.
Any person who is engaged in inter or intra state supply of goods or services and whose aggregate annual turnover is more than Rs 20 Lakh is binding to obtain a GST registration.
Every business that operates in a state or union territory is assigned with a unique Goods and Services Tax Identification Number, which is generally known as GSTIN.
Air India, a relic of state ownership threatened by losses, bloated costs and more nimble rivals, needs to secure a massive debt and operational overhaul if it is to survive in a market growing at 20% a year.
You can prepare effectively by doing an ABC Analysis based on past 4 attempt papers, setting achievable targets, using an active recall approach, making a study strategy and a timetable.
A notice can be named as a show cause notice, scrutiny notice or demand notice. This depends on the objective of the notice and the gravity of default or any action which is required from a taxpayer.
GST Return Filing is a compulsory process for every person who has a business and is registered under the GST Act. It is a very critical activity and a link between the government and the person who is paying the tax.
Perquisite may be defined as any casual emolument or benefit attached to an office or position in addition to salary. This includes rent-free accommodation, concession in the matter of rent or any other amenity.
Internal audit is a continuous and systematic way of risk management, and proper governance in order to bring out more transparency and accountability in the company's activities.
The duties of directors are higher than those imposed by law on an employee since they are not senior managers of the company but fiduciary and are responsible for the success of the company.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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