Economy & Policy
'Export incentives available on rupee payment through Vostro account'
Temporary or permanent transfer of intellectual property attracts 12% GST
Incoterms CPT, CIP terms oblige seller to contract for carriage, say expert
Need for correct Incoterm usage can't be overstated, says expert
'EOU can clear unused raw materials in DTA, or transfer to another unit'
'Service tax and excise duty amnesty scheme comes into effect from Sep 1'
'EOUs can import goods from Pakistan without paying customs duty'
Export of sample is zero-rated in accordance with Section 16 of IGST Act
Legal action cannot be made illegal through a retrospective amendment
SWC not payable when basic customs duty debited to MEIS or SEIS scrip
'Intermediate supplier can export through the ultimate exporter'
'MEIS benefit available for export realisation in rupee through Vostro a/c'
'Exempt supply' includes supplies on reverse charge basis to restrict ITC
Stamp duty on bills of exchange drawn on banks is not payable, says expert
'Drawee must agree to bill of exchange by signing on face of instrument'
Govt grants refund of CVD, SAD paid for regularisation of defaults: Expert
Benefit of two exemption notifications on same shipment allowed: Expert
Credit note must show tax rate and tax amount, says expert
Input tax credit must be reversed when finished goods are destroyed: Expert
Supplier to merchant exporter can claim refund of unutilised credit