Dear Clients, On 4th May 2021, our team suffered a terrible and an irreparable loss, Mr. Neeraj Bhagat- Managing Partner, SC Bhagat & Co. passed away. He was the pillar of the organization and he shall always remain alive in our hearts. We understand this message may be difficult to process, however, courage is the most important …
Things to Know About Corporate Fixed Deposits
Fixed deposits (FDs) have been a popular investment instrument in India for earning fixed and guaranteed returns on savings. However, following the flat-lining interest rates on FDs and recent rate cuts by the Reserve Bank of India (RBI), many investors are now looking for a different investment option. If you are looking for stable interest …
What is the Liberalized Remittance Scheme (LRS)
What is the LRS? Prior to 2004, Indian residents required approval from the reserve bank of India (RBI) every-time they sent money overseas because the RBI wanted to limit capital outflow. The RBI was concerned that excessive outflow of cash would destabilize the rupee and make it lose value. The RBI feared that if everyone …
Job Work provisions under GST – Key Points
Job work means any treatment or process undertaken by a person on goods belonging to another registered person. So registered person need to send inputs/capital goods to job worker to do job work. To send these inputs/capital goods without payment of tax only on challan basis – Job Work provision under #GST comes into force. …
Accounting and Bookkeeping Services
Whether you’re a start-up or an existing company, keeping track of your finances is essential in making good business decisions. The practice of keeping and preserving financial records has changed over time in response to modern accounting and bookkeeping strategies and rules. Every business owner needs to know not just how much money his company …
GST Return Filing Services
GST is a major indirect tax reform in India, unlike anything the country has seen since independence. GST was implemented to make indirect taxation easier, reduce complexities, and eliminate the cascading effect. Depending on the type of business, all registered businesses must file a monthly, quarterly, or annual GST return. GST returns are submitted electronically, but …
What is the new Startup India Seed Fund Scheme?
India is home to the third-largest startup ecosystem, with almost 50,000 functional startups within the country. it’s predicted that startups in cities aside from Bangalore, Delhi, and Mumbai are likely to extend by 40% within the next decade. This makes seed funding for startups very relevant. during this post, we analyse the background and advantages …
