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skmc global
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The Chartered Accountant's role in financial management and compliance
Local Service2 months ago
Source: The Chartered Accountant's role in financial management and compliance
Walk into any thriving business—whether a startup chasing growth or a global corporation—and you’ll likely find a chartered accountant (CA) ensuring the financial engine runs smoothly. While many link CAs to taxes or audits, their role is far more dynamic. Today, Indian CAs are key players in shaping financial health, driving strategy, managing risks, and ensuring regulatory compliance across industries. Let’s explore how CAs elevate financial management and why their role matters more than ever
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How to Ensure GST Compliance: Best Practices for Small and Medium Enterprises (SMEs)
Finance2 months ago
Source: How to Ensure GST Compliance: Best Practices for Small and Medium Enterprises (SMEs)
For most SMEs, managing daily operations is already a challenge — adding the constantly evolving Goods and Services Tax (GST) landscape can make it feel overwhelming. However, GST compliance is not optional; it’s essential to avoid penalties, maintain business credibility, and ensure smooth operations. We’ve worked with SME clients across sectors and noticed recurring compliance issues that can be easily prevented through structured, best practices.
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Indian Foreign Trade Policy
Business2 months ago
Source: Indian Foreign Trade Policy
The Indian Foreign Trade Policy (FTP) is the government’s framework of rules, guidelines, and strategies that regulate India’s exports and imports. Issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, the FTP aims to promote exports, boost economic growth, create jobs, and integrate India into the global trade system.
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Why SVB Registration is Needed in Related Party Imports?
Business2 months ago
Source: Why SVB Registration is Needed in Related Party Imports?
In India, when multinational companies or importers engage in transactions with related parties abroad, Special Valuation Branch (SVB) Registration becomes a mandatory compliance requirement under the Customs Act, 1962. This registration is essential to ensure the fair and transparent valuation of imported goods and to prevent abusive practices like under-invoicing or over-invoicing, which can erode government revenue.
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AEO Registration: Streamline Your International Trade Operations
Business3 months ago
Source: AEO Registration: Streamline Your International Trade Operations
AEO (Authorized Economic Operator) registration, granted by Indian Customs, recognizes businesses for compliance, reliability, and supply chain security. It offers benefits like faster customs clearance, reduced documentation, and priority processing—ideal for importers, exporters, and logistics firms. The application requires details on operations, compliance history, and documents like PAN, IEC, GST, and financials. Applicants can register under AEO-T1, T2, or T3 based on their profile.
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Key Difference between AEO & Non-AEO
Business3 months ago
Source: Key Difference between AEO & Non-AEO
In the world of international trade, every minute counts. A minor holdup at customs can disrupt your supply chain, increase costs, and delay deliveries to your customers. Whether you're importing raw materials or exporting finished goods, even small delays can have a big impact. That’s where the Authorized Economic Operator (AEO) certification comes in. Offered by Indian Customs, AEO status is like a fast-lane pass for businesses that maintain high compliance standards.
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5 Things You Must Not Forget When Running Payroll
Finance3 months ago
Source: 5 Things You Must Not Forget When Running Payroll
Handling payroll in India involves far more than simply disbursing monthly salaries. It's a comprehensive process that requires precision, compliance, and up-to-date knowledge of legal and financial requirements. Overlooking even a minor detail can lead to serious consequences such as government penalties, regulatory non-compliance, or dissatisfaction among employees.
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Top 7 Things You Must Know About External Commercial Borrowing (ECB)
Finance3 months ago
Source: Top 7 Things You Must Know About External Commercial Borrowing (ECB)
Financing is often the first challenge that comes to mind when considering the obstacles a company—especially a start-up—might face in India. Managing finances is a fundamental concern that every business must address. To sustain operations, companies can explore various funding sources, each with its own set of benefits and drawbacks. One such source is External Commercial Borrowings (ECBs), which allow companies to access foreign capital.
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Understand about Permanent Established Risks
Other3 months ago
Source: Understand about Permanent Established Risks
Understanding permanent establishment (PE) risks is crucial for global multinational corporations (MNCs) expanding across borders. A permanent establishment refers to a fixed place of business—like a branch, office, or factory—through which a company’s operations are wholly or partly carried out in another country. Failing to manage PE exposure can lead to unexpected tax liabilities, double taxation, and regulatory penalties.
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Why BIS Certification is Crucial for Importers and Manufacturers in India?
Business3 months ago
Source: Why BIS Certification is Crucial for Importers and Manufacturers in India?
Foreign Manufacturers: Use the FMCS BIS (Foreign Manufacturers Certification Scheme) for certification based on Indian standards. Domestic Manufacturers: Must apply via Manak Online under the Manak Product Certification Scheme. Consumer Trust: BIS certification signals quality, safety, and reliability, building credibility with Indian consumers. Competitive Edge: Early certification avoids legal issues, prevents shipment delays, and enhances market trust.
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