C&AG of India directed CBDT to scrutinize tax deductions by Gems & Jewellery SEZ units
CAG observed major irregularities in claiming Income Tax Deductions by Gems & Jewellery Units under SEZ scheme The…
Recent Changes in GST Rates & Analysis of Other Important Provisions
CBIC has issued various Notifications related to changes incorporated in GST rates for various Goods and service as…
Procedures for export & re-import of jewellery through e-commerce mode
The Central Board of Indirect Taxes and Customs on 30th June 2022, has notified the framework for e-commerce exports…
Summary of Circulars issued by CBIC pursuant to 47th GST council meeting
Circulars 170-176 dated 6th July, 2022 have been issued based on the decisions taken at the 47th GST Council…
RBI permitted international trade settlement in INR for imports & exports
In a big relief to Indian importers and exporters and In order to promote growth of global trade with…
Highlights of amendments in GST Act & Rules notified subsequent to decisions in 47th Council Meeting
Highlights of important notifications issued by CBIC amending GST Act and Rules subsequent to decisions taken in 47th…
Amendments in import-export procedures for jewellery through courier
Courier Imports and Exports (Electronic declarations and Processing) Amendment Regulations 2022 Courier Imports and Exports (Electronic declarations and…
Deduction of Tax on Benefits or Perquisites in Business or Profession u/s. 194R of Income Tax Act 1961
The finance bill has proposed to add Section 194R to the Income Tax Act 1961. This section…
Important provisions related to G&J Industry – CEPA between India and UAE effective from 1-5-2022
This article highlights the key provisions of Comprehenstive Economic Partnership Agreement (CEPA) executed between India and UAE as applicable…