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Best Practises To Calculate Return on Investment (ROI) Accurately and Efficiently
When you make a business investment, you deserve a reasonable return, or “incremental revenue”, a percentage that is significantly greater than the amount of your upfront investment. Isn’t that the simplest math? But here’s the thing, return on investment...
Key Takeaways From The 50th GST Council Meeting, July 2023
On July 11, 2023, the Goods and Services Tax Council, headed by Finance Minister Nirmala Sitharaman, convened for the 50th time in New Delhi. The council evaluated a wide range of modifications in tax rates for certain commodities and services. The Council also...
Understanding Payroll Management Systems and Statutory Compliance for Indian Businesses
A successful team is the foundation of every successful company. And every team needs an effective management structure that assures stability and reasonable incentives. Payroll plays a vital role in this since it helps in building employee morale and motivation,...
Things To Consider When Preparing GST E-Invoices for Businesses
The new CBIC statement mandates enterprises with an AATO between Rs. 5 crore and Rs. 10 crore to create e-invoices beginning August 1, 2023. MPVD, being a responsible GST Consulting Company in Kolkata, plays a significant role in assisting businesses and entrepreneurs...
MPVD Company Formation Guidelines: Why Do We Recommend A Private Limited Company?
Business owners begin with the fundamental belief that founding a Private limited company in India provides significant operational and tax benefits and the essential “limited liability”. It protects your personal assets from creditors in the case of a business...
Decoding All Tax Liabilities for NRIs Selling Property in India
There are so many non-resident Indians (NRIs) who have settled abroad and wish to sell a home, space, or land that they no longer need. It is a practical decision to liquidate the asset and minimise the liability associated with it. The sale of residential property...
Understanding Direct tax And Indirect Taxation In India
Direct taxes are simple to understand since they are incurred on individuals' earnings or profits. The government imposes an indirect tax on goods and services for businesses and professional service providers. In 2017, the Goods and Services Tax (GST) effectively...
What Is The Impact Of The 2000 Note Withdrawal In India
The Reserve Bank of India (RBI) announced on May 19, 2023, that the Rs 2000 denomination banknotes would be phased out of circulation as per the ‘clean note policy.’ If you possess cash denominations of Rs. 2000, you must deposit all the bankrolls in your bank account...
Bookkeeping & Accounting For Doctors And Self Employed Medical Professionals In India
In India, doctors and other medical professionals who are self-employed taxpayers, or "assessees," are those who derive their revenue from their practice and services rather than from a fixed income or salary from an employer. It makes sense that managing the...
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