Goods and Services Tax, envisaged as the single biggest tax reform since Independence, is aied to remove tax barriers between states to create a single market. GST is going to replace plethora of indirect taxes currently imposed at various stages of manufacturing, trading, etc. The implementation of GST will help to create a common national market and reduce the cascading effect of taxes on the costing and pricing of goods and services. It will have a far-reaching impact on almost all the realms of business operations in our country. It will impact tax stryctyre, rates of GST, tax incidence, tax computation, valuation of goods and services under GST, input tax credit and tax invoice, process of payment and filing of returns GST and refund under GST etc., leading to a complete overhaul of the current indirect tax system in India. This book is written in a simple language adhering to all the recent amendments made for the Assessment Year 2017-18. The rules are explained along with number of illustrations. The Book is helpfull for all the students studying at UG courses. Contents - 1. Rates of GST 2. Valuations of Goods and Services under GST 3. Input Tax Credit and Tax Invoice 4. Process of Payment & Filing of Returns Under GST 5. Refund Under GST

In the era of liberalization, privatisation and globalisation, cost competitiveness of business organisations has an important role in their working and viability. Cost and Management Accounting both provide necessary tools and techniques for improving managerial effectiveness. With the help of cost and management accounting, professional managers can easily formulate pricing policy and plan for profits of their of organisations. Present literature on cost and management accounting fails to provide an effective and lucid theoretical analysis of cost and management accounting concepts. Theoretical literature available on the subject are quite scanty and scattered. Keeping these requirements in mind, the present book has tried to incorporate the cost and management accounting concepts and practices in proper perspective. It focuses on the theoretical analysis of various cost and management accounting systems supported by solved practical problems. With these features, the book has developed a sound base for easy and better understanding of the subject among the professional students. The book will be useful to the students of CA, ICWA, CS and MBA programme and they will find it interesting to expose themselves in theory and practice of cost and management accounting. Contents : 1 : Introduction 2 : Materials 3 : Labour 4 : Overheads 5 : Output or Unit Costing 6 : Job and Batch Costing 7 : Contract Costing 8 : Process Costing 9 : Joint Products and Byproducts 10 : Service Costing 11 : Reconciliation of Cost Accounts with Financial Accounts 12 : Marginal Costing 13 : Cost-Volume-Profit Analysis 14 : Differential Costing and Incremental Costing 15 : Budgeting and Budgetary Control 16 : Standard Costing and Variance Analysis 17 : Responsibility Accounting 18 : Transfer Pricing 19 : Activity Based Costing 20 : Value Chain Analysis 21 : Target Costing 22 : Life Cycle Costing

GST law is the single most important structural tax reform in India since independence. This indirect tax reform took almost seventeen years to come to the rule book. Debates and discussions all over the country took place for years and still taking place for its implementation and on its impact. Majority are of the view that the introduction of GST in India will lead to simplification of the tax structure, tax incidence, tax computation and compliance. It will also help in expanding the tax net as well as tax base and increase the revenue to the ex-chequer. In the short-run, though the business operations particularly in MSME sector will be to some extent adversely affeted, it will be of much help in the long-run in reducing the cascading effect and removing the complexity of pre-GST indirect taxes. This book deals with the various concepts and mechanism of GST law. The new topic naturally motivated us to write this book. Various doubts and changes during the implementation stage compelled us to make frequent changes and this book covers not only the basic concept on CGST, IGST, UGST and SGST, but also the changes that took place and the major decisions taken till 24th GST Council Meeting. The book is written in simple language and will help the students and teachers from undergraduate to postgraduate classes as well as the professional students of MBA, MBA (FM), ICAI, ICWAI, ICSI, etc. The book also contains simple illustrations for better understanding of the concepts. Contents - 1. Introduction to Goods and Services Tax (GST) 2. GST Acts (Structure and Terminology) 3. Procedure Relating to Levy of, Collection and Exemption from Tax under GST 4. Registration, Returns and Assessment 5. GST Council and Regulatory Framework

Reforms are a continuous process. This is particularly true in case of indirect taxes which have a close link with the general economy. The process of key reforms and liberalization started way back in 1986 with introduction of MODVAT and has continued since then. The introduction of Goods and Services Tax (GST) will indeed be an important perfection and next logical step towards a widespread indirect Tax reform in India. GST - The Essentials of Goods and Service Tax is handbook covering provisions under Model GST Law (MGL). The book traces the evolution of indirect taxes, its shortcomings, road map to GST, concepts related to GST, taxes which are subsumed and not subsmed, comparison of present tax regime with GST regime, impact of GST on various sectors, computation of GST, GST Governance - role of Taxes Departments, procedural aspects of GST such as registration, payment, returns, appeals etc. This book also covers the important aspects of Model GST law and the important decisions taken up by GST Council Meetings relating to the core functions of taxation in a simplified manner. It is not a commentary but a complete guide for the tax professionals, departmental officers, industry professionals, tax consultants, traders, academicians, research scholars, students and as well as the beginners who are looking forward to know more about GST. It also serves as a guide to tax payers and prepares them for smooth transition from present regime. Contents - 1. GST - An Insight to Indirect Tax 2. Definitions 3. Administration 4. Levy, Exemptions and Collections from Tax 5. Scope, Time and Value of Supply 6. Place of Supply of Goods and Services 7. Input Tax Credit 8. Transfer of Input Tax Credit 9. Registration 10. Tax Invoice, Credit and Debit Notes 11. Returns 12. Payment of Tax 13. Refunds 14. Accounts and Records 15. Assessment 16. Appeals and Revision 17. Audit 18. Inspection, Search, Seizure and Arrest 19. Offences and Penalties 20. Prosecution and Compounding of Offences

Accounting is an important tool for taking various business decisions. It is therefore inevitable for aspiring management professionals to understand the accounting concepts and practice. The book is primarily meant for practicing and future managers so that they can understand the principles, practices and uses of accounting. The book provides a comprehensive coverage of financial accounting, cost accounting and management accounting. Theoretical concepts have been explained in a lucid manner. A large number of illustrations have been covered so that the technical and practical aspects can be understood in a systematic and organized manner. Non commerce graduates who have no prior training in accounting may find the book quite useful. Cases have been also covered at the end of each chapter so that the management professionals get to acquire the requisite skills in the application of the subject. Contents : Part-I Introductory Conceptual Building 1. Introduction to Accounting 2. Accounting Principles and Accounting Standards Part-II Accounting Cycle 3. Journal, Ledger and Trial Balance 4. Special Journals 5. Computerized Accounting 6. Recognizition of Expenses and Revenues 7. Preparation of Final Accounts Part-III Rectification and Reconcialiation 8. Rectification of Errors 9. Bank Reconciliation Statement Part-IV Valuation of Assets Assets 10. Depreciation Account and Provisions and Reserves 11. Inventory Management Part-V Analysis and Interpretation of Financial Statements 12. Company`s Final Accounts 13. Financial Analysis 14. Ratio Analysis 15. Statement of Changes in Financial Position - Funds Flow Statement 16. Cash Flow Statement Part-VI Decision Making and Control 17. Management Accounting: an Introduction 18. Cost Accounting and Classifications of Costs 19. Accounting of Overheads 20. Budgeting and Budgetary Control 21. Standard Costing and Variance Analysis 22. Marginal Costing and Cost Volume Profit Analysis 23. Decision Making and Profit Planning 24. Accounting for Labour Costs 25. Reconciling the Differences between Cost and Financial Accounts 26. Management Accounting and Control Techniq

In the last 7 years, tremendous changes have taken place in Indian and a global economy, which has made me update the information in International Business. Over the past couple of years, a number of Indian companies have opted to raise funds at the Alternative Investment Market at London. What is NYSE, Euro next doing to attract these small and mid sized firms to its own exchanges? It is observed that AIM has worked for Indian companies in raising funds overseas. The important reason is the flexible regulatory regime that it offers. There are some relaxations in the regulations in the U.S. and at the same time regulations in other markets have been tightened. There have been changes in local norms, which allow companies, an alternate fund-raising option through qualified institutional placements (QIP). There is great excitement amongst international investor community around the change in the Central Government in India in May 2014. However, FIIs have invested huge money in Indian equities. To bring even more foreign money, one has to enter the delivery phase, which everyone is now talking about. FIIs/FDIs flow post elections and hence, the index is increasing. We are entering the delivery phase for structured reforms and markets will probably pause till the actual delivery begins. CAD-is smaller and there is stable government at centre. India has been ranked at 12th place out of 25 emerging markets in 2014. Contents : 1. Introduction of International Business 2. Introduction to Balance of Payments and Partial/Full Capital Account Convertibility 3. Export Import Financing 4. International Trade Expansion in India 5. Global Business Environment 6. Role of Trade Blocks 7. International Trade and Foreign Direct Investment (FDI) 8. International and Domestic Human Resource Management 9. WTO in International Trade 10. International Business 11. International Marketing Entry Strategies 12. Role of Organisations in Trade 13. Theories of International Trade 14. Management of Risks in International Trade

This book is intended for all students of Finance and Management, in all Management Institutes and Universities. The objectives of the book are to provide students with a conceptual framework of financial decisions taken in a multinational company and to familiarise the students with the unique economic fundamentals and financial factors which challenge the financial manager in the international context. The book covers the entire syllabus, as approved by UGC on the subject of International Financial Management. With increasing globalisation and opening up of the economies to free market forces of competition and efficiency, the role of multinational trade and finance has grown by leaps and bounds in the last decade. This is particularly more relevant in the Indian context, where the rupee was made convertible on current account and export and import trade is growing both in absolute and relative terms. The scripts of many corporates in India are listed and traded in main foreign stock exchanges and Foreign Financial Institutions and Foreign Institutional Investors are operating in Indian financial markets both of equity and debt nature. Foreign capital flows and foreign investment are growing and gaining in importance. The international forces are throwing new challenges to the Finance Manager. It is in this context that the subject of International Financial Management has assumed bital importance to the students of Finance Management who will be the future financial managers operating in international markets, for goods, services and finance. This book is intended to cater to their requirements. This book is presented in simple non-mathematical terms, easily understandable to the average students and lay executives of the corporates. This has the advantage of harmonising the finance function with the investment function of the Financial Manager on the one hand and integrating the domestic finance with international finance, on the other. The material is kept as brief as possible, yet with a comprehensive coverage of all the modules as approved by UGC and in accordance with thei syllabus. Contents - Part 1 : Backdrop of International Financial Management 1. Introduction to International Financial Management 2. International Financial Environment 3. Goals and Growth of Multinationals 4. International Business Methods 5. Nature of International Risk Exposure 6. International Monetary System Part 2 : Management of Exchange and Interest Rate Exposure 7. Determination of Exchange Rates 8. Forecasting Exchange Rates 9. Balance of Payments (Equilibrium Vs. Disequilibrium) 10. International Trade Flows 11. Interest Rates Parity 12. International Fisher Effect - Parity Relations 13. Time Factor in International Risks Part 3 : Management of Risks in International Transactions 14. Foreign Exchange Markets 15. Government Influence on Exchange Rates 16. Exchange Rate Risk Management 17. Hedging in Derivative Markets (Futures and Options) 18. Hedging in Swap Market 19. Operational Exposure - Risk Management 20. Measurement of Politico Economic Risks (Country Risk Management) 21. Management of International Transactions Exposure Part 4 : Management of International Business Operations and Practices 22. Operational Strategies of MNCs 23. Management of Multinational Operations 24. Management of Global Business Practices 25. Nature of International Business Finance - Practices 26. Inter-Corporate Funds Flow 27. Sources of Funds for MNCs 28. Operations in International Financial Markets Part 5 : Management of Short-term International Financing 29. Short-term International Financing 30. Operations in International Money Market 31. Operations in Foreign Currency Markets 32. Management of Corporate Financing 33. conceptual Backdrop of Working Capital 34. Working Capital Management Part 6 : Management of Long-term International Finance 35. Project Appraisal and Capital Budgeting 36. International Capital Flows 37. Foreign Investment (Direct and Portfolio, GDR and ADRs) 38. Financing of Debt and Equity Investments (Through Global Markets) 39. Measurement of Portfolio Risk 40. Risk Management in Investments 41. Portfolio Diversification and Risk Reduction 42. Multinational Taxation Bibliography

A remarkable book which has universal acclaim in the field of export management in India, this updated revised edition covers a much wider field and has incorporated the latest developments. As this edition goes to the press, a global financial crisis has erupted, affecting the economy and exports of all nations. A separate chapter on the crisis, and how it would affect India has been included in the book. India has crossed the landmark of $150 billion in exports, and faces a keenly competitive international market. The need of the hour is, old concepts and antiquated methods must give way to professional management in export trade. The book covers the entries gamut of world trade, economy, and in particular the changes in policy and development in India. Apart from the regular chapters on marketing, management, finance, procedures etc., the book also contains a chapter on India`s exports potential and a new chapter on the global financial crisis and its effect on India. It is thus a comprehensive guide to all aspects of export trade management. Despite the complexity of the subject, it is written a simple lucid style which makes it highly readable. Dr. A.P.J. Abdul Kalam in his foreword says 'I am happy that this book of Shri Balagopal has been enriched by inclusion of a chapter on 'India`s Export Potentuial'. He has taken our present core strengths and future possibilities of a determined nation, and has shown sector by sector, how we are capable of achieving and export trade target by the year 2020, in line with the growth of the Indian GDP.' The author feels, that in spite of the present crisis we can still achiever our goal in 2020, if government takes quick proactive decisions to help exports and industry withstand the severe onslaught of the present financial crisis. Contents : 1. International Trade, Economy and Exports 2. India`s Export Trade 3. India`s Export Potential 4. Global Financial Crisis & Consequences 5. International Marketing 6. Export Management 7. Export Policy, Promotion and Regulations 8. Export Pricing and Costing 9. Export Finance 10. Export Procedures 11. Countertrade 12. Globalisation

Foreign Trade plays a very important role in the economic development and sustenance of most of the nations. The fact that Foreign Trade grows much faster than the world output, implies that for many a dynamic enterprise, the potential market is not confined to the national frontiers. For the good number of corporates, the overseas market is not a secondary market, but the primary market. The large and expanding world market often offers greater growth and profit opportunities than the domestic market. Globalisation and advanced information technology alongwith adapted mindset and attitude of people brought paradigm shifts in foreign trade by erasing the boundaries among the countries, culture and industries. For many small and medium sized enterprises too, the overseas market is very important. There are numerous changes in the Central Government Foreign Trade Policy, derivative market, external commercial borrowings, foreign direct investment and FPI. The capital account convertibility which was planned could not take place due to various reasons as discussed in this book. After demonestisation of higher denomination currency notes of Rs. 500 and Rs. 1,000, value of Rs. 15.4 lakh crores was scrapped by the announcement of the Prime Minister on 08-11-2016, the export market became low and GDP growth got affected. There had been 165 mergers and acquisitions in 2016 which were higher by 20% compared to year 2015 and 54% higher compared to 2015 to 2014. Position of fiscal deficit in 2016-17 (April to Dec.) was totalling Rs. 5.01 lakh crores which was 93.9% of total projected deficit of 2016-17. All these things have been explained in this revised edition. Contents : 1. Foreign Trade 2. Instruments of Foreign Trade 3. Import/Export Control and Foreign Trade Policy 2015-2020 4. Exchange Control in India 5. Import Finance (Documentary Credit) 6. Cross-Border Financing Export Finance : Pre-shipment 7. Cross-Border Banking Export Finance : Post-shipment 8. Export Promotion Incentives 9. Import/Export Guarantees 10. Foreign Remittances 11. Foreign Travel and Release of Exchange 12. Account of Foreign National/Firms/Companies and Rupee Accounts of Non-Residents Banks 13. Ordinary Non-Resident Rupee (NRO) / Accounts 14. Non – Resident ( External), EEFC and FCNR (Banks) Accounts 15. Blocked Accounts / Resident Foreign Currency Accounts 16. Investments in India by Non-Residents 17. Returns and Statements 18. Various Risk in Banking 19. Foreign Exchange 20. Commercial Rates of Exchange 21. Calculation of Exchange Rates 22. Derivatives Market (Forwards, Futures, Swaps and Options) 23. Futures, Option Forwards and Swaps 24. Extension / Cancellation of Forward Contracts 25. Exchange Position 26. International Financial Institutions 27. Diamond Exports and Exim Policy 2015-2020 28. Exchange Risk Management 29. Cost of Capital for Foreign Investments 30. Foreign Direct Investments, ECB and Other Sources of Capital Flow 31. Foreign Exchange Derivatives Market 32. Capital Account Convertibility's Possibility Appendices I Uniform Customs and Practice for Documentary Credits - 600 II Documentary Credits for Electronic Presentation e-UCPDC-600 III List of Full-Fledged Authorised Dealers IV List of Export Promotion Councils/Boards

The discipline of International Marketing is gaining more and more importance with the advancing universal liberalization and the concomitant globalization. This book, acclaimed for its succinct treatment of the subject and lucid style, provides a comprehensive picture of the various aspects and dimensions of trends in International Marketing with an Indian perspective. The book is patterned after the Model Curriculum recommended by the UGC and it covers the syllabi of the International Marketing paper of different courses such as MBA, MIB/M.B.A. (International Marketing), MEC (Master of E-Commerce), M.Com., M.M. (Master of Marketing), BIB (Bachelor of International Business), BM (Bachelor of Marketing), etc. The text is supplemented with a number of cases. Contents : 1. International Marketing: An Introduction 2. International Marketing Environment 3. MNCs and International Business 4. International Marketing Intelligence 5. Market Selection 6. Market Entry Strategies 7. International Organisation 8. Market Coverage Strategies 9. International Product Decisions 10. International Pricing 11. International Distribution 12. International Promotion 13. Export Finance 14. Export Risk Insurance 15. Quality Control and Pre-Shipment Inspection 16. Trade in Services 17. Technological Developments and International Marketing 18. International Negotiations 19. Trade Policy and Regulation of India 20. Export Promotion 21. Trade And Bop of India 22. Export Procedures and Documents 23. Some Issues In International Business - Annexures - Cases