E-Procurement

What is E-Procurement? E-Procurement is the acronym of ‘Electronic Procurement’ which in turn refers to the process of purchase and sale of goods or services through electronic methods using the Internet as a primary medium. This method of procurement was…

Acquisition of a Company

Acquisition of a Company ‘Acquisition’ is a corporate term to define buying all of another company and gain the ownership of the company. Here, companies share a common target and work towards achieving the same. Once the main company achieves 50%…

Competition Commission of India

Competition Commission of India The goal of the Competition Commission of India is to create and sustain fair competition in the economy that will provide a ‘level playing field’ to the producers and make the markets work for the welfare…

Fire Insurance Types

Fire Insurance Types Fire insurance is a kind of insurance which covers damages and losses caused by fire. Fire insurance helps to cover the risk of loss of property caused by fire accidentally or unintentionally. A fire insurance policy covers…

How to Register a Trust

How to Register a Trust Income Tax Act, 1961, defines a Trust as "An arrangement by which property is handed over to or vested in a person, to use and dispose off for the benefit of another person". Creation of a…

Different Types of Government Contracts

Different Types of Government Contracts Government contracts are contracts undertaken by the Government for varied purposes like construction, management, maintenance and repairs, manpower supply, IT related projects etc. The involvement of Central Government or State Government or Government body in a…

HSN Code for GST- Harmonized System Nomenclature

HSN Code GST - Harmonized System Nomenclature HSN code or Harmonized System Nomenclature code number is an internationally adopted commodity description and coding system developed by the World Customs Organization (WCO).  HSN code is used by more than 200 countries as a basis…

Procedure for Issuing Receipt under GST

Procedure for Issuing Receipt under GST A receipt is a written acknowledgment of having received a specified amount of money or goods. However, the term issuing receipt mostly pertains to issuing a written acknowledgment on having received a specified amount of…

Statement of Origin

Statement of Origin Statement of Origin is statement provided by a registered exporter verifying the origin criteria for exports under the European Union (EU) Generalised System of Preferences (GSP). Statement of Origin shall be made out on a Commercial document such…

Certificate of Origin

Certificate of Origin Certificate of Origin is an instrument which establishes evidence o­n origin of goods imported into any country. These certificates are essential for exporters to prove where their goods come from and therefore stake their claim to whatever…