From 1 February 2026, most tobacco products attract 40% GST with excise-based levies replacing compensation cess. GST will now be computed on MRP instead of transaction value.
With the growing trend of Indian professionals providing consultancy services to overseas clients, understanding the tax and regulatory implications has become essential. Cross-border consultancy is not just about earning in foreign currency—it involves careful compliance under GST, Income Tax, FEMA, and proper Accounting of foreign exchange transactions. This article provides a practical overview of the […]