We at our firm have had as apart of our mission, one to develop committed professional leaders. We have done that for decades now – more than 100 + have gone out as leaders in their own right. In this process of improving others, we ourselves came to know where we were lacking and are improving to the extent, we were comfortable. We worked on our “weaknesses” (areas of possible improvement) and especially built on our strengths.
We are proud and grateful to the boys/ girls going...Read more
There is a saying in Hindi from the famous Kabir ke dohae “Kal kare so aaj kar, aaj kare so ab, Pal mey pralay hoyegi Bahuri karego kab.” and to that effect, in English, “tomorrow never comes”. The word “procrastinate” comes from the Latin word meaning “belonging to tomorrow.” Procrastination is an exercising of choice i.e. not to do something now and pushing it to the backburner. Studies have found that even the procrastinators who feel bad about their habit, procrastinate...Read more
Issues in classification – Pharma Products
It is common even among the older firms that the clients pay the dues in a delayed manner. At times it takes years for the fees to be paid!! The practice of billing only when payment is expected would lead to non-compliance under the GST law leading to interest and penalty. It may also lead to further delays as well as incentivise clients to delay. The other age old lump sum fee concept was probably needed 2 decades back other than form small clients. However, today with the plethora of...Read more
Many of us have been wishing for enhancing our knowledge in this new law. At present we only have the Model law. Some of us are waiting for the final Act & Rules to start. In the last couple of weeks in various awareness seminars a common question has been how does one start in this area and more towards being a knowledgeable professional.
Some of us may have some exposure to VAT or Service Tax for whom there may be a need to unlearn a few concepts. Some provisions have been picked...Read more