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In the fa ce-pace of industrial development, the business has to work with different vendors to compete with economic and geographical barriers. Vendor management is the process that boosts the companies to suitable measures for minimizing potential risks, controlling cost associated with vendors to guarantee outstanding service deliverability, and vendor relationships. Vendor Management Solutions comprises of identifying vendor solution, vendor payment, negotiation, handling tax and legal matters, sourcing vendors, managing relationships, etc. The vendor management experts manage multiple vendors with ease, evaluate the performance according to the company standard, ensure timely payment, etc. A vendor management software is an online web-based tool acting as a single node to cope-up with all the vendor-associated tasks in a company while ensuring enhanced efficiency and continuous growth in an affordable manner. Managing multiple vendors and their matters in an effective mann...

An APA (Advance Pricing Agreements) is an agreement between the tax authority and taxpayer on the transfer pricing of upcoming intercompany transaction to avoid needless litigations on the stated arm’s length. On 2012 budget, the government of India introduced Advance Pricing Agreement  provisions and in this situation, both the tax authority and taxpayer mutually decides on the transfer pricing methodology for covered transaction on decided time. APA is an effective tool used in several countries with established transfer pricing regimes to avoid potential disputes in a cooperative manner. Key features of APA (Advance Pricing Agreements) are: The arm’s length price in terms of transactions is determined according to the Advance Pricing Agreement that is entered into board and person. The validity of Advance Pricing Agreements must not exceed 5 year successively.  APA shall be obligatory on: The assessee based on the transaction for which the Advance Pric...

Export Promotion Capital Goods (EPCG) Scheme helps in enabling the capital goods import for producing quality product and to expand the India’s export competitiveness. EPCG scheme facilitates import of capital goods used in the production, pre-production, and post-production without paying the customs duty. Who would get benefited from EPCG Scheme? EPCG is envisioned for endorsing exports with the benefit provided in this scheme in the form incentives and financial support to the exporters of capital goods. However, this is not recommendable for those who don’t anticipate to produce in quality or sell the entire manufactured product within the country. It is almost unbearable to accomplish the obligations set under this scheme. Hence, to qualify under EPCG scheme the commodity manufactured in India must be exported outside India. Documents mandatory for obtaining EPCG License The licensing issuing authority Director General of Foreign Trade (DGFT).   It should be fill...

The Registered Valuer profession is regulated by the Insolvency and Bankruptcy Board of India and all the valuations done in India are slowly and gradually being coming under the mandate of getting the valuations done by Registered Valuers only. A business valuation provides the business owner with better knowledge of Company Assets along with facts and figures associated with the actual value of the business in terms of asset values, market competition, and income values. In fact, obtaining a business valuation should also be executed every year to display business growth. Registered Valuer companies like ASC Group deals with a valuation in the discipline of Valuation of Securities or Financial Assets . Valuation of Financial Securities or Valuation of Financial Assets comprises doing all kinds of financial valuations which include the valuation of business, shares, debentures, etc. Key reasons or benefits for conducting Business Valuation 1. Better Knowledge of Comp...

An exceptional concept offering services to boost and develop the business operations of MNCs and other Companies. Sourcing Solutions companies provide Tailor-made solutions for organizations with smart service for the clients on a Pan India basis. Experts make the procurement systems convenient, well-organized and cost-effective by paying vendor payment of all their goods/services suppliers in a fast and safe manner. They handle all registered/unregistered vendors, compliances of GST and TDS for corporates as per their choice rather than the corporates or their suppliers. Why outsourcing Sourcing Solution is beneficial to your business? Simplified Source to Pay (SS2P) solutions Vendor management (including services for SEZs and procurement from unregistered vendors). Payments related to restoring/response to emergency situations for Company Operations. Immediate payments for any other kind of procurement of goods and services, eg: ...