Entries by Staff Publication

UPDATE: No GST input if supplier doesn’t upload details of output: GST Council amends CGST rules to curb ineligible credit availing

October 14, 2019 /0 Comments/in , , /by

-Rahul Maharshi (rahul@vinodkothari.com) (finserv@vinodkothari.com) The GST council in its 37th Meeting held on 20th September, 2019, had proposed to make amendments in the CGST Rules, 2017 (“Rules”) pertaining to matters relating to the extension of due date of filing of GSTR-3B GSTR-1 as well as voluntary requirement of filing of GST Annual return for registered […]

Lenders’ piggybacking: NBFCs lending on Fintech platforms’ guarantees

October 11, 2019 /0 Comments/in , , , , , /by

-Vinod Kothari (vinod@vinodkothari.com) Among the disruptive Fintech practices, app-based lending is certainly notable. The scenario of an app-based lending is somewhat like this – a prospective borrower goes to an app platform, fills up some information. At the background, the app collects and collates the information including credit scores of the individual, may be the […]

From manufacturing to providing services: How does it transform?

September 25, 2019 /0 Comments/in , , /by

-Kanakprabha Jethani | Executive (kanak@vinodkothari.com) Background Servitization is that foreign business term that does not find place in any dictionary but is in steps to becoming essence of many businesses. It is a transformation, from manufacturing to providing solutions, from being product-centred to being complete-solution centred. Essentially, it is a business model in which, manufacturer […]

Draft guidelines for on tap licensing of SFBs: decoded

September 24, 2019 /0 Comments/in , , , , /by

-Kanakprabha Jethani | Executive (kanak@vinodkothari.com) The Reserve Bank of India (RBI) has issued draft guidelines for ‘on tap’ licensing of Small Finance Banks (SFBs). The guidelines are largely similar to the existing guidelines for licensing of SFBs. However, the major difference is that the licensing will be allowed ‘on tap’. Further, there are certain changes […]