For the existing IEC holders, necessary changes in the system are being carried out by DGFT so that their PAN becomes their IEC. DGFT system will undertake this migration and the existing IEC holders are not required to undertake any additional exercise in this regard.
Now Private Companies (Start-up only) are not required to provide Cash Flow Statement along with financial statements. For the purposes of this Act, the term ‘start-up’ or “start-up company” means a private company incorporated under Companies Act
There are a lot of questions in the minds of dealers as well as practitioners as to how the credits for existing stock will be available, in order to make it clear let us discuss the rules finalized by the government along with relevant provisions under the CGST Act 2017.
Time of supply of service shall be earliest of the following dates: 1. If tax invoice is issued within the prescribed period (normally 30 days from the date of supply of service), date of issue of tax invoice or date of receipt of payment, whichever is earlier
