Short video on E-Invoicing – IT Solutions First phase of E-Invoicing system was implemented w.e.f. October 1, 2020 for taxpayers having aggregate turnover of Rs. 500 crores or more. After successful implementation of first phase, Government is eying to implement...
Availability of output GST refund to Advance Authorization holders – Impact of Gujarat High Court decision Through this update, we wish to apprise you regarding recent ruling in the case of Cosmo Films v. UOI, 2020-VIL-514-GUJ wherein the vires of amendment made...
Recent developments relating to Foreign Trade Policy The Government has recently made following important announcements relating to Foreign Trade Policy (‘FTP’): Inviting suggestions for new Foreign Trade Policy DGFT vide its Trade Notice No. 34/2020-21 dated November...
Government notifies recommendation of 42nd GST Council Meeting and extends requirement of mandatory E-Invoicing to taxpayers having turnover exceeding Rs.100 crores The Central Government has now, notified these recommendations. Key changes are tabulated below:...
Public Procurement (Preference to Make in India) Order, 2017 Government of India has been loud and clear of its intent to promote ‘Make in India’ initiative to boost domestic manufacturing of goods and rendition of services. In this regard, Government came up with...
RoDTEP Scheme – Recent news and immediate next steps for exporters Recently, we shared our update titled NITYA Insight | Issue 190 | RoDTEP Background and way forward discussing background and recent developments under Remission of Duties and Taxes on Exported...
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