Non payment of tax under gst

- A + A (June 28):Investors caught in the web of international sanctions that pushed Russia into default on bond payments are faced with the choice of seeking recompense now, or biding their time. Sanctions aimed at punishing Russia for its invasion of Ukraine shut it out of the world’s financial system, blocking its ability to transfer funds to creditors. It missed payments in late May, and a final deadline to remedy the situation expired on Sunday, creating what the bond documents call an “event of default”. Holders of at least 25% of the outstanding notes can come together to declare the debt fully and immediately repayable, “without any further formality” — a process known as accelerating the debt — according to the documents governing the relevant bond contracts. They may be in no rush. Claims only become void three years on from the payment date, the bonds’ terms show. There’s the chance that if international penalties against President Vladimir Putin’s … [Read more...] about Russia’s foreign bond investors left caught in sanctions web

When a loved one passes away, there's much to sort out. If they had a 401(k), they might bequeath their retirement account to a spouse, family member, or friend. If you inherit such an account, here are your options and the rules you must follow. Key Takeways All 401(k) accounts offer tax-deferred retirement savings. If you are married, you automatically inherit your spouse's 401(k) unless otherwise stipulated. Spouses and non-spouses have different options, and spouses have more options. What Is a 401(k)? A 401(k) is an employer-sponsored retirement plan, typically funded through payroll deductions. Many employers will match all or part of what their employees contribute as part of their benefits package. Traditional 401(k)s are funded using pretax dollars, lessening your tax burden at the end of the year. Roth 401(k)s use after-tax money for contributions, which impacts your taxes now but will not be taxed when withdrawn. Roth 401(k)s are less common than … [Read more...] about Inherited 401(k) Options and Rules You Must Follow

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for Surbhi Industries. are: Net Sales at Rs 8.78 crore in March 2022 up 11.06% from Rs. 7.90 crore in March 2021. Quarterly Net Loss at Rs. 0.57 crore in March 2022 down 141.77% from Rs. 1.35 crore in March 2021. EBITDA stands at Rs. 0.65 crore in March 2022 down 60.61% from Rs. 1.65 crore in March 2021. Close Surbhi Industries. Standalone Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations 8.78 9.56 7.90 Other Operating Income -- -- -- Total Income From Operations 8.78 9.56 7.90 EXPENDITURE Consumption of Raw Materials 5.14 4.61 4.97 Purchase of Traded Goods -- -- -- Increase/Decrease in … [Read more...] about Surbhi Ind Standalone March 2022 Net Sales at Rs 8.78 crore, up 11.06% Y-o-Y

Thai netizens have slammed government officials in the central province of Pathum Thani for wasting taxes on a pointless trip to Phang Nga and Phuket. Government officials from the Mueng Tha Khlong District were supposed to be taking part in a working seminar to develop women’s potential in Phang Nga, and Phuket, from June 23 – 26. But the non-profit organization, Anti-Corruption of Thailand, criticised the government on its Facebook page, ปฏิบัติการหมาเฝ้าบ้าน, saying they used the 490,000 baht trip as a holiday. The pictures posted on the non-profit organisation’s Facebook page were taken from the Facebook accounts of the seminar participants. The picture captions were cutting. One said, “Others might go to the sea to escape from love and hot weather, but we escape from work.” Another said, “Go to Phuket! Thanks to the kind sponsors,” and another, “Wonderful activities for Tha Khlong women.” The pictures reveal the participants cruising, visiting tourist attractions, … [Read more...] about Thai netizens berate government for wasting public cash on working holidays

Share to Twitter Share to Linkedin Welcome to the Checks & Imbalances newsletter. Today, we look at the flow of money from Trump’s political groups to his business, the latest problem to befall his social network and the continued political donations of Ginni Thomas. Trump Moved More Than $1 Million From His Political Groups To His Private Business After Losing The Election “D onald Trump never stopped raising funds from his supporters after the 2020 presidential race,” reports Dan Alexander: His companies, meanwhile, continued to charge his political outfits for goods and services. As a result, the former president has been able to convert about $1.3 million of donor money into business revenue since he lost the 2020 election, according to a review of the latest federal filings. Thanks For Reading Checks & Imbalances This is the web edition of the Checks & Imbalances newsletter, sent to inboxes Mondays and Thursdays. It’s … [Read more...] about Checks & Imbalances: Trump’s Transfers, Thomas’s Contributions

If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × No threat of a recession, rising interest rates or tightening global liquidity can touch the planet that is the Indian Premier League (IPL). Now in its mid-teens, the league raked in a record sum for the rights to broadcast matches for the next five years, putting it firmly among the top sports leagues such as US’ NFL and English Premier League when it comes to cost per match. The record-breaking bidding for media rights that concluded on June 14 will fetch the Board of Control for Cricket in India (BCCI) Rs 48,390 crore. Disney Star retained the television rights for IPL, the world’s richest cricket league, for Rs 23,575 crore, while Viacom18 secured the digital rights for Rs 20,500 crore. Viacom18, a broadcasting joint venture run by Reliance Industries, also secured non-exclusive … [Read more...] about IPL media rights auction: Windfall for teams and their valuations