borrowings

LEVY OF SERVICE TAX ON EXTERNAL COMMERCIAL BORROWINGS FROM FOREIGN BRANCH OF AN INDIAN BANK

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1. Service tax authorities, of late, have been issuing notices to various borrowers of External Commercial Borrowings (ECB’s) from foreign branches of Indian banks and holding them liable to pay <a rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=”http://www.taxmann.net/STOnlineWeb/NewHomePage/Home.aspx?pId=160″>Service tax</a> from September 10, 2004 under section 65(12)(a)(ix) of the Finance Act, 1994 which covers ECBs. According to the … Read more

Enhance Savings With Debt Management Programs

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Experts have commented a long before that some financial downfalls will come and go, in order to make some mandatory changes in the worldwide economy. Keeping the world aside, one can easily say that some changes are occurring in UK economy. The one of its kind financial world, which mostly earns with well known credit … Read more

An Inspired Web Based, Late Invoice / Debt Recovery Tool

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 DUE2PAY is a web site aimed at bringing common sense back to the problem of late invoice payments. It tackles debt recovery in a new way. Late payment of invoices is now  regarded as an acceptable practice for late payers.In some instances it is a last ditch attempt to save a failing business, in others it … Read more