India’s Export Trade Facilitation- Recent Initiatives

In Export and Import by Vivek C V

PreambleThe world has changed a lot and yet has to change a lot. Sensing the significance of trade across nations as an engine of economic growth both at national and global levels, nations and global bodies committed to global growth are coming under a common banner of trade laws, practices and facilitation as well. Global trade is full of complexities ...
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Indian Government approved RoSCTL scheme till 2024 for textile industries

In Export and Import by Saroj Prakash Padhy

The Union Cabinet meeting held by Honourable PM of India Mr Narendra Modi has approved to continue to provide Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates to the Textile exporter as mentioned by the Textile Ministry for exports of apparel/garments. This will continue till March 31, 2024, this will help the Textile sector to ...
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Application Programming Interface

In API by Anandkumar S Nair

The ability to easily share data with other businesses and with customers is among the most critical drivers for modern, mission-critical business initiatives. API, or Application Program Interface is the software intermediary that allows different software applications to talk to each other. APIs are all around us, even as many of us may not be unaware of this. When we ...
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Transfer Pricing Made Easy in SAP

In Transfer Pricing by Sunil Gupta

Transfer PricingTransfer pricing is the price at which one entity transfers or transact supplies/ Goods to another entity. In other words, transfer pricing is the price which is paid for goods or services transferred from one unit of an organization to its other units situated in different countries. Transfer prices are used when individual entities of a larger multi-entity firm ...
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Making your enterprise Digital Signature ready

In digital signature by Lino Aravindan

What is a digital signature?A digital signature—a type of electronic signature—is a mathematical algorithm routinely used to validate the authenticity and integrity of a message (e.g., an email, a credit card transaction, or a digital document). Digital signatures create a virtual fingerprint that is unique to a person or entity and are used to identify users and protect information in ...
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Successful Vendor Relationship Management Using Simplified Tools

In Vendor Management by Ashik Chakravarthy

What is Vendor Management?Vendor management refers to the set of processes used by organizations to manage their suppliers, who are also known as vendors. Vendor management includes activities such as selecting & onboarding the vendors, negotiating contracts, controlling costs, reducing vendor-related risks and ensuring service delivery. Vendor management empowers an organization to take appropriate measures for ensuring excellent service deliverability ...
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Hands-Free Processing of Inbound Invoices

In Automated Document Processing by Anandkumar S Nair

Most manufacturing companies need to procure materials and services from hundreds of external vendors. These invoices come in numerous layouts, and entering details from these to the ERP is often a nightmare for companies. Some outsource the invoice data entry job to 3rd parties. Others utilize their own internal resources for the purpose. Either way, this is a time consuming ...
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Integrated Analytics on the Cloud for SAP Solutions

In SAP Analytics Cloud by Ashik Chakravarthy

SAP Analytics Cloud is SAP’s flagship product in the overall Analytics portfolio and the move to a single analytics product based in the cloud, covers multiple aspects, such as business intelligence (BI), planning, predictive, and application building. It is considered one of the best Corporate Performance Management (CPM) tools. Recent advances in the platform have made it on par with the leading competitors, and the competitive subscription pricing has made it very attractive compared to them.

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TDS Section 194Q vs TCS. For SAP Users.

In Tax Collected at Source (TCS) by Rajesh Thampy

The Finance Bill, 2021 has proposed to introduce a new section 194Q to the Income-tax Act, 1961 which requires a buyer to deduct tax at source in case of purchase of goods, the value or aggregate value of which, exceeds INR 50 Lakh in a financial year. The provisions of this section would come into effect from 01-Jul-2021 and would ...
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