News Update

Hungary decides to withdraw from International Criminal CourtPM Modi holds talks with Thai leadership; stresses on N-E emerging as connectivity hubGST - Once orders are passed in violation of principles of natural justice, Court cannot impose any condition requiring petitioner to make any deposit - However, voluntary payment of 25% of disputed tax accepted and matter remanded: HCGST - When respondents intended to pass orders confirming demand, they ought to have provided an opportunity of hearing - Dropping proceedings, based on reply filed, can very well be done: HCTrumps withdraws exemption for small parcels from ChinaGST - Time limit prescribed u/s 73(2) for issuance of SCN is mandatory and if there is any violation of the aforesaid period, the same would render the SCN otiose: HCGST - Appeal has been rejected stating that no application for adjournment was submitted and no further adjournment can be allowed - Grounds canvassed in the appeal petition have not been adverted to by the appellate authority - Matter remanded: HC10 killed as bus and microbus bump into each other in BangladeshGST - Cancellation of registration - Ends of justice would warrant the petitioner being accorded an opportunity to furnish a response to SCN: HCGST - Authority has failed to assign or accord any reasoning or even allude to the response submitted by petitioner, while confirming the demand - Order unreasoned, hence will not sustain: HCGST Council needs to focus more on structural flaws rather than 'scalpelling'!Cus - Penalty imposed on steamer agent for exporting goods with cancelled LEO - export remittance was received, indicating that export indeed occurred; Customs website reflected goods as ready for shipment - penalty quashed: CESTATIndia-Australia Trade Agreement celebrates 3rd Anniversary of signingCus - Exemption under EPCG scheme cannot be denied solely on grounds that it was not claimed at the time of import of relevant goods; exemption can be claimed at time of de-bonding of the goods: CESTATIndia surpasses US and Europe by producing 1,681 LocomotivesST - Reimbursable expenses, operational surplus and freight brokerage are not taxable under CHA or Business Auxiliary Services: CESTATGovt spurs Chip Manufacturing with Fiscal Support42 Organizations publish 1459 write-ups under Anubhav Awards SchemeDFS Secretary chairs meeting on revamping of Central KYC RecordsI-T- Anonymous Donation Addition Under Section 115BBC Requires Proper Verification : ITATTrump’s ‘Liberation Day’ - 10% baseline tariff on all exporters + 34% on China + 26% on India; 25% on South Korea; 24% on Japan & 20% on EUI-T- Requirement to Consider All Grounds for Condonation of Delay in Appeals : ITATImpact of tariffs - Gold hits new high + bonds surge but stocks nosediveCentre imposes President’s rule in ManipurTrump exempts oil imports from tariffsI-T- Assessment Order Can Be Revised Under Section 263 If Key Issues Remain Unverified : ITATTrump relents on friends - Just 10% tariff on UK and Australia
 
Building a Resilient Backbone: The Critical Role of Tech-Savvy Finance, Legal, Tax, and M&A Teams in Sustainable Growth

It doesn't make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.

Steve Jobs, Apple Inc.

In today's fast-paced and increasingly regulated business environment, organizations are navigating uncharted waters of growth and innovation. A well-rounded leadership team consisting of a tech-savvy Chief Financial Officer (CFO), a proactive general counsel, and an efficient tax head are essential to ensure financial stability, legal compliance, and strategic agility. However, the current state of hiring for these critical roles is riddled with inefficiencies that can jeopardize long-term success and vision of an organisation.

The Broken State of Hiring in Finance and Leadership Roles

Hiring for senior financial, legal, and tax roles is often a complex and broken process, marred by challenges such as:

1. Time-Consuming Screening Processes: The traditional recruitment process is slow and inefficient, leading to delays in onboarding the right talent.

2. JD and Profile Mismatch: Misalignment between job descriptions and candidate profiles often results in suboptimal hires who fail to meet the organization's expectations.

3. Lack of Time for Background Verification: Tight deadlines and resource constraints compromise thorough background checks, leading to potential risks.

4. Salary Fitment Issues: Inadequate benchmarking often leads to mismatched expectations, either overpaying or losing talent due to non-competitive offers.

5. Cost of Non-Compliance: The financial and reputational damage caused by non-compliance far outweighs the investment in hiring capable professionals.

6. Rising Litigation Risks: As businesses grow, legal disputes and tax complexities increase, underscoring the need for seasoned professionals to manage these challenges effectively.

The Strategic Importance of Getting it Right

- Financial Leadership: A CFO's tech-savvy approach can streamline processes, enhance forecasting, and optimize resource allocation.

- Tax Expertise: Mismanagement in taxation can not only attract penalties but also erode brand valuation and perception.

- Legal and Policy Management: Effective legal counsel ensures risk mitigation, assure board and anticipate risks and red flags in advance. while consistent policy and PR efforts establish thought leadership in the industry.

Hiring the right people at the right time is no longer optional—it's a strategic imperative.

Our Comprehensive Approach to Financial Hiring

At BizStreet in collaboration with TIOL Private limited , we understand the intricacies of hiring for finance, legal, tax, and M&A roles.

We offer holistic, niche recruitment services that address every pain point in the current hiring process.

1. Developing Practical Job Descriptions:

- Customized JDs aligned with the organization's unique needs and strategic objectives.

- Focused on both technical expertise and leadership qualities.

2. Targeted Head-hunting:

    - Clear mandates and target-driven approaches to identify the best talent.

    - Access to a community of over 1 lakh finance, tax, legal, and contract professionals .

3. Screening and Interviewing:

- Our team conducts two rounds of interviews to ensure candidates are both technically and culturally fit.

- Emphasis on skills such as data privacy, cyber security, litigation, PR, and policy expertise.

4. Salary Benchmarking and Skill Mapping:

- Detailed salary fitment analysis to ensure competitive yet sustainable compensation structures.

- Skill mapping to match candidates' expertise with organizational needs.

5. Leveraging AI and LLMs for Speed and Accuracy:

- Using advanced tools to streamline the hiring process, similar to how quick commerce has revolutionized retail and food delivery.

- Enhanced speed and accuracy in short listing and verifying candidates.

6. Flexible Hiring Models:

- We support project-based, full-time, part-time, shared, and hourly resource hiring at senior and domain expertise levels.

Why Choose BizStreet?

- Exclusive Focus: We specialize in financial hiring, including legal, tax, contracts, data privacy, cyber security, litigation, PR, and policy roles at HOD or CXO levels.

- Community Intelligence: Our vast network and market intelligence enable us to identify top talent through word-of-mouth and performance tracking.

- End-to-End Management: From JD creation to final onboarding, we manage the entire process, ensuring consistency and quality.

- Consistency in Policy and PR: Our services extend beyond hiring to include strategic policy and PR support, helping organizations establish thought leadership.

The Call to Action

A strong leadership team is not a luxury—it's a necessity for sustainable growth. Don't let inefficiencies in hiring hold your organization back.

To discuss your hiring needs or senior profile management, reach out to us at contact@bizstreet.biz . Let us help you build a resilient backbone that drives your company's success and positions you as a leader in your industry.


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