Lauren Sanchez: An Emmy Award-Winning Journalist and More

Lauren Sanchez is an Emmy Award-winning journalist, a licensed pilot, and a philanthropist known for her multifaceted career in media, aviation, and social causes. She is engaged to Amazon founder Jeff Bezos; they are reportedly to be married in a lavish winter wonderland-themed ceremony.

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Media Career

Highlights
Emmy-winning journalist whose early experience was in television.
Former special reporter and anchor for Extra and co-host of Good Day LA on KTTV Fox 11.
Worked at Fox 11 News at Ten and guest-hosted The View.
Contributed to programs including Showbiz Tonight, The Joy Behar Show, and Larry King Live.

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Aviation Industry

Achievements
Licensed helicopter pilot.
In 2016, founded Black Ops Aviation, the first aerial film and production company owned and operated by women.
Provided aerial footage for films and projects, including consulting on Christopher Nolan’s Dunkirk and creating aerial content for Miss Bala.

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Philanthropy and Environmental Work

Initiatives
Vice President of Bezos Earth Fund, an organization dedicated to addressing issues against climate change and promoting environmental protection.
Consulted with charities interested in launching social initiatives such as early childhood education, housing assistance, and wellness.
Active with This Is About Humanity, which addresses matters such as family separation at the U.S.-Mexico border.

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Notable Entries from Personal Life

Details
Engaged to Jeff Bezos in May 2023; guests such as Bill Gates and Leonardo DiCaprio attended the engagement ceremony in Positano, Italy.
She has worked closely with Bezos on his space exploration expeditions, providing air travel for Blue Origin.

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Their Wedding Next

Details
It’s a $600 million ceremony that’s set to take place in Aspen, Colorado.
The winter-themed wedding will reflect a shared passion for adventure, elegance, and philanthropy.

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Lauren Sanchez’s career reflects versatility and dedication in diverse fields from media and aviation to environmental work and philanthropy. Together with Jeff Bezos, they continue to make a significant impact.

Truong My Lan is a businesswoman aged sixty-seven years, recognized for her significant contribution to real estate. She leads the board of Van Thinh Phat which is a well-known company constructing luxury properties. In October 2022, during Vietnam’s fight against corruption, she was arrested.

What is the Case against Truong My Lan?

• Charge: It is alleged that this woman has been part of an enormous fraudulent scheme worth $12.5 billion that accounts for approximately 3% of Vietnamese GDP in 2022.
• Connection: She had ties with the bank merger in 2011 where Saigon Joint Commercial Bank (SCB) was joined by two other banks after Nigeria’s central bank intervened.
• Claims: Between 2012 and 2022, it is claimed that SCB was effectively used as her own personal moneybag through “phantom companies” resulting in losses estimated at $27 billion. Additionally, she has been accused of offering bribes to government officials.
• Co-accused: Truong Hue Van who happens to be Truong My Lan’s niece and CEO of Van Thinh Phat has been convicted for assisting Lan in her crimes and she will spend seventeen years behind bars as per the judgement.

Legal Action Against Truong My Lan:

• Punishment: For financial crimes committed in Vietnam, a rare decision of the death penalty was given to Lan.
• Court’s View: The court said that the trust between the public and Truong My Lan had been destroyed by what happened

Truong My Lan’s Life Secrets

• Early days: Lan was born in 1956 and she helped her mother to manage a beauty shop in Ho Chi Minh City.
• Her professional experience: In 1992, she established Van Thinh Phat and made it become one of the most famous real estate firms in Vietnam.
• Private Life: Lan is married to Eric Chu Nap-kee, who is a Hong Kong investor. The two have been blessed with two daughters.
• Business exploits: Her company which owns properties such as Sherwood Residence Hotel, Times Square Saigon, Capital Place office building and Windsor Plaza Hotel are among other few top class properties located within Ho Chi Minh City

Vietnam has always been dedicated to fight against corruption and uphold financial integrity even when it may involve influential business heads as shown by this case.

Amazon Business is an e-commerce platform tailored specifically for businesses, offering a wide range of products, bulk purchasing options, business-specific pricing, and features designed to streamline procurement processes for organizations of all sizes.

Why Should Indian Business Owner Create Amazon Business Account ?

Indian business owners should create an Amazon Business account to gain access to a vast selection of products, benefit from business-specific pricing and discounts, streamline procurement processes, enjoy convenient purchasing options, and ensure compliance with GST invoicing regulations, ultimately leading to cost savings, efficiency, and growth opportunities for their businesses. Indian Business Owners get GST invoices for all B2B purchases and they can save up to 28% on Amazon Business.

Benefits of Amazon Business Account

Benefits of an Amazon Business account for Indian businesses:

1. Access to a wide range of products with exclusive business pricing and discounts.
2. Simplified GST compliance with GST invoicing for all purchases.
3. Streamlined procurement process with bulk purchasing options and convenient payment methods.
4. Dedicated customer support tailored for Indian businesses.
5. Business analytics tools for insights into purchasing patterns and cost-saving opportunities.

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In Amazon Business, GST is included in product prices, making them transparent for business users. With a GSTIN, purchases are streamlined, ensuring easier tax management.

How to make amazon business account in India ?

To create an Amazon Business account in India:

1. Visit Amazon Business India website. (Official Website)
2. Click “Create a Free Account.”
3. Provide business details including GSTIN.
4. Agree to terms, verify details, and complete registration.
5. Set up your account preferences.
6. Start shopping for your business needs.

Navigating the world of GST invoicing for business purchases can be daunting. However, understanding its importance and how to leverage it can lead to significant savings and streamlined operations for your business. In this article, we’ll break down everything you need to know about GST invoicing, from its basics to practical tips for maximizing its benefits on platforms like Amazon Business.

Features of Amazon Business Account

Features of an Amazon Business account for Indian businesses:

1. Exclusive business pricing and discounts.
2. Bulk purchasing options with volume discounts.
3. GST invoicing compliance for all purchases.
4. Streamlined procurement processes.
5. Dedicated customer support.
6. Business analytics tools.
7. Convenient payment methods.
8. Extensive product selection.

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What is GST Invoicing?
GST invoicing, or Goods and Services Tax invoicing, refers to the process of issuing invoices that comply with the regulations outlined in India’s GST regime. These invoices detail the goods or services supplied, including the corresponding GST amount charged. They are essential for businesses to claim input tax credit and ensure compliance with tax regulations.

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Why is GST Invoicing Important for Business Purchases?

GST invoicing is crucial for several reasons:

1. Legal Compliance: Registered businesses are required by law to issue and receive GST-compliant invoices for taxable goods and services. Non-compliance can lead to penalties and legal issues.
2. Input Tax Credit (ITC): Businesses can claim input tax credit only if they possess GST-compliant invoices. This credit helps offset the taxes paid on inputs, reducing the overall tax burden.
3. Transaction Verification: GST invoices provide a record of business transactions, including details such as seller and buyer GSTINs, tax amounts, and supplied goods or services. They facilitate transaction verification and auditing.
4. Record-Keeping: Proper maintenance of GST invoices is essential for accurate tax filing, accounting, and auditing processes. They serve as crucial documents for record-keeping and compliance.

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Who Should Issue GST Invoices?

GST invoices should be issued by registered suppliers for taxable goods and services. However, there are exceptions and specific guidelines based on factors such as the supplier’s registration status and the transaction type.

Review from Indian Business man about Amazon Business

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Key Features of GST Invoices:

To ensure that GST invoices are valid and eligible for input tax credit, they must include essential features such as:

• Supplier’s Information: Name, address, and GSTIN.
• Receiver’s Information: Name, address, and GSTIN.
• Invoice Number and Date.
• Place of Supply: For inter-state purchases, it should include the name of the place along with the state and code.
• HSN Code (for goods) or SAC Code (for services).
• Description, Quantity, Unit Price, and Total Value of Goods or Services.
• Taxable Value and Applicable GST Rate (CGST, SGST, UTGST, or IGST).
• Signature of the Supplier or Authorized Personnel.

How to Identify GST-Compliant Products for Business Purchases:
Platforms like Amazon Business offer tools to help businesses identify GST-compliant products:

1. GST Filter: Enable the GST invoice filter to list products that come with GST-compliant invoices.
2. GST Badge: Look for the GST invoice badge on product detail pages to confirm GST compliance.
3. Check for Additional Information: Some products may have GST invoices available but may not offer GST tax credit. Ensure to check for any relevant notifications or disclaimers.

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Maximizing Benefits of GST Invoicing on Amazon Business:

Amazon Business streamlines the process of GST invoicing and offers several benefits for businesses:

• Ease of Filing Input Tax Credit: GST e-invoices make it easy for businesses to claim input tax credit, reducing overall tax liabilities.
• Significant Savings: Businesses can save up to 28% on purchases with GST-compliant invoices, leading to substantial cost savings.
• Streamlined Procurement: GST invoices simplify tax filing and auditing processes, ensuring compliance and efficient record-keeping.
• Legal Dispute Resolution: GST invoices serve as proof of transactions, aiding in resolving any legal disputes related to product quality or purchases.

Conclusion:

Understanding and leveraging GST invoicing is essential for businesses to ensure compliance, maximize savings, and streamline operations. Platforms like Amazon Business offer tools and features to simplify the process, making it easier for businesses to access GST-compliant products and enjoy the associated benefits. By following the guidelines outlined in this article, businesses can navigate GST invoicing with confidence and reap its rewards.