In order to avail the IGST refund, it is mandatory that the exporters have validated their bank accounts by Public Financial Management System (PFMS). If bank accounts of the exporters are closed and/or not validated by PFMS, then the IGST refund, even if sanctioned, may not get credited to the accounts of the exporters.
The exporter may claim RoSL rates for export of garments, garments under AA-AIR and made-ups textiles articles which are being hereby notified as Schedules-I, II and III respectively of this Notification provided he shall have to give an undertaking that he has not claimed or shall not claim credit/rebate/refund/reimbursement of these specific State Levies under any other mechanism.
In this connection the region wise jurisdiction of companies, against whom insolvency proceedings have been initiated under The Insolvency Bankruptcy Code 2016 (IBC 2016 in short) as available under the icon Public Announcement in the website of Insolvency and Bankruptcy Board Of India (IBBI in short), has been identified from the PAN Directory and is enclosed herewith.
Many companies and individuals today compile various business and financial reports in PDFs because they are easy to read and share across all platforms and devices. This goes also for annual financial statements, various forms, and invoices that they send to their accountants. The main issue for accountants and tax professionals is that they receive […]
The Consultation Paper for integration of Name Reservation with SPICE eform under Companies Act, 2013 has been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments.
