The Union Minister of Commerce and Industry, Shri Piyush Goyal, recently announced several promising developments for the Export Credit Guarantee Corporation of India Limited (ECGC Ltd.) in a media briefing. Emphasizing on the need for transparency and simplification of procedures, the Minister announced that ECGC Ltd. will transition all its procedures to a completely digital […]
DGFT has liberalized and simplified the policy for exporting drones and unmanned aerial vehicles (UAVs) from India for civilian end uses. This decision aligns with the Foreign Trade Policy 2023 and aims to promote the export of high-tech items like drones. Learn more about the policy changes and their implications.
Hurry up Taxpayers! 30th June, 2023 is the last day to avail the benefits of the Amnesty Scheme Under GST. Amnesty scheme under the Goods and Services Tax (GST) scheme offers benefits to non-filers of GSTR-4, GSTR-9, and GSTR-10 returns, as well as for the revocation of cancellation of registration and the deemed withdrawal of […]
Corporate governance is a combination of rules, processes, and laws. These guidelines control businesses. It encompasses the legal framework and practises that govern the relationships between a company’s management, board of directors, shareholders, and other stakeholders.
CESTAT Mumbai has allowed a refund based on unutilized Cenvat credit calculated under the Cenvat Credit Rules, 2004, marking a significant decision for businesses with accumulated Cenvat credits due to exports.
Get answers to your FAQs on External Commercial Borrowing (ECB) and Trade Credits (TC) with updated information as of June 26, 2023. Understand the basics, eligibility, currency, recognized lenders, average maturity, leverage criteria, end-uses, refinancing, hedging, reporting, and more. Stay informed for smooth compliance with RBI guidelines.
Explore the applicability of GST on free samples, Buy One Get One Free offers, and discounts in various industries. Understand how GST is levied on these sales promotion activities, the treatment of ITC, and the impact on value determination. Stay informed to ensure compliance with GST regulations.
SGBs are government securities expressed in grams of gold, allowing the individuals to invest in gold without the strain of safekeeping physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by RBI on behalf of Government of India.
Kerala High Court held that provisions of section 107 of the Central Goods and Services Tax Act impliedly excluded the application of the Limitation Act. Accordingly, the Limitation Act will apply only if it is extended to the special statute.
Delhi High Court held that interim protection granted as applicant is not named in ECIR and also the applicant is not implicated in any of the Scheduled Offences under Prevention of Money Laundering Act, 2002 (PMLA).
