Restriction on blocking of ITC Under Rule 86ARead More
Author: ProIndiaClub This Video tutorial on Import Export Procedures describes the complete process to apply the Import Export Code online, by watching the Video users can easily apply the IEC application on Government Portal without paying any additional fee to anyone, to know the documentation requirement for import export code users can refer our earlierRead More
ProIndiaClub In any type of businesses, an accountant is needed. You have to consider that accounting is basically the language in business and having enough knowledge about accountancy is essential for businessmen and women to know how their business is doing. This is why accounting professionals are very much in demand today. And, a lotRead More
49th GST Council Meeting Highlights: GST Rate Reduction and More Finance Minister Nirmala Sitharaman chaired the 49th GST Council meeting today in Delhi with Minister of State for Finance Pankaj Chaudhary, her state counterparts and other senior officers. In the meeting Government of India has decided to clear the entire pending balance GST compensation ofRead More
DGFT on January 20, 2023 issued a public notice no. 53/2015-20 to provide the big relief to EPCG authorisation holders in terms of Export Obligation Period as well as Average Annual Export Obligation required to be maintained by the EPCG Authorisation holder. A new sub – para 5.13(d) is added after para 5.13(c) of theRead More
Director General of Foreign Trade (DGFT), on December 07, 2022 issued notification no. 47/2015-20 to amend the RODTEP Policy. Notification notified the a revised Appendix 4R under para 4.59 of Foreign Trade Policy, 2015-20 for export made from 15.12.2022 The revised Appendix 4R will be applicable for export made from 15.12.2022 to 30.09.2023. As anRead More
Recently in case of Genpact India Pvt. Ltd. Vs Union of India and others [CWP-6048-2021 (O&M) Date of Pronouncement:11.11.2022], it was held by the hon’ble Punjab and Haryana High Court held that BPO services provided to Overseas client would not fall under “intermediary” services. In the aforesaid judgment, court has found that: The petitioner providesRead More
Recently, Telangana State Appellate Authority for Advance Ruling in Order-in-Appeal No. AAAR/10/2022 dated 19.10.2022 has held that liquidated damages recoverable by the applicant from Bi-electric India on account of delay in commissioning, does not qualify as a ‘supply’, thereby GST shall not be payable. In this case, Telangana Appellate Authority of Advance Ruling (AAAR) hasRead More