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Compliance Costs: The transition to the GST system necessitated changes in business processes, IT systems, and skill up-gradation, leading to increased compliance costs for businesses. 4. Input Tax Credit (ITC) Challenges: While the ITC mechanism aimed to prevent the cascading effect of taxes, businesses faced issues in availing and reconciling ...
The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct are recommendations on responsible business conduct addressed by governments to multinational enterprises operating in or from the 52 adhering countries. [1] The Guidelines provide non-binding principles and standards for responsible business conduct in a global ...
The CSR Voluntary Guidelines served as a statement of intent by the Government of India to encourage businesses to adopt responsible business practices. The CSR Guidelines provided for review and elaboration which was undertaken by the Indian Institute of Corporate Affairs, a think-tank and capacity development institution set up by the MCA.
The Central Board of Indirect Taxes & Customs (CBIC) is headed by a chairperson and consists of six members. [2]Chairperson - Sanjay Agarwal, IRS; Member (Customs) - Rajiv Talwar, IRS (C & IT 1988) [3]
In 1974, the Uniform Code Council (UCC) was founded to administer the standard. [1] On 26 June 1974, a pack of Wrigley's chewing gum became the first ever product with a barcode to be scanned in a shop. [1] [3] In 1976, the original 12-digit code was expanded to 13 digits, which allowed the identification system to be used outside the U.S.
The reporting techniques were encouraged to rely on recognized frameworks such as GRI's Sustainability Reporting Guidelines, the United Nations Global Compact (UNGC), the UN Guiding Principles on Business and Human Rights, OECD Guidelines, International Organization for Standardization (ISO) 26000 and the International Labour Organization (ILO ...
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
2.1 Computing. 2.2 Vehicles. 2.3 Other uses in science and technology. 3 Timekeeping. 4 Businesses and organizations. 5 Other uses. Toggle the table of contents. GST ...