Table of Contents Introduction:Implementation Timeline:Payment Flexibility:Trade Assistance:Pilot Phase Success:Enhancing Ease of Doing Business: Introduction: In a bid to modernize and streamline import duty payments, the Indian government has introduced the Electronic Cash Ledger (ECL) as the designated mode of payment for goods imported through International
Table of Contents Introduction:Vision for Digital Infrastructure:Addressing Trade Challenges:Focus on Geostrategic Significance:Commitment to Development:Enhancing Efficiency:Leveraging Technology for Progress:Conclusion: Introduction: In a landmark endeavor aimed at revolutionizing regional trade efficiency, Union Finance Minister Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange (EDI) at Land Customs Stations
Table of Contents IntroductionBackground and ContextValuation of Guarantees Issued Before the NotificationDebate Surrounding Letters of ComfortExpert Opinions and InterpretationsConclusion Introduction Indirect tax experts are seeking clarity on the levy of Goods and Services Tax (GST) on corporate guarantees provided by Indian companies on behalf of
Table of Contents Promising Start to Q4Key IndicatorsBuoyant Economic OutlookStrong GST RevenuePrivate Sector Activity SurgeDiminishing Inflationary Pressures Promising Start to Q4 India’s economy kicked off the fourth quarter on a positive note, as indicated by the National Council of Applied Economic Research (NCAER) in its
GST Rules Update: Effective March 1, businesses with a turnover exceeding ₹5 crore will face new GST rules. They must now include e-invoice details for all B2B transactions to generate e-way bills for inter-state goods transportation valued over ₹50,000. This change aims to streamline tax
Table of Contents IntroductionThe Need for ChangeAdvocating for Policy ReformGovernment Collaboration and Industry ImpactConclusion Introduction The Indian Auto LPG Coalition (IAC) has urged the national government to reduce the Goods and Services Tax (GST) on Auto LPG from 18% to 5%, aligning with recent adjustments
Table of Contents Cracking the Case: Unveiling the Intricate GST ScamUncovering the Web of DeceitBroader Implications: A Nationwide Scam NetworkGovernment Response and Ongoing ChallengesConclusion Cracking the Case: Unveiling the Intricate GST Scam The relentless pursuit of the Jamshedpur GST Intelligence team has led to a
Table of Contents Dismantling the ‘Mutuality’ Argument: DGGI’s Case Against IMABackground of the CaseThe ‘Mutuality’ ArgumentDGGI’s CounterargumentsCommercial Activities HighlightedConcerns RaisedConclusion Dismantling the ‘Mutuality’ Argument: DGGI’s Case Against IMA The Directorate General of GST Intelligence (DGGI) has presented additional evidence before the Kerala High Court, challenging
Table of Contents Overcoming Regulatory Challenges: OTAs in the Bus Ticketing IndustryThe Emergence of Bus TicketingRegulatory HurdlesAdaptation and ResilienceLooking Ahead Overcoming Regulatory Challenges: OTAs in the Bus Ticketing Industry Online travel agencies (OTAs) are currently spearheading the expansion of the bus ticketing segment, which has
Table of Contents DGFT Notification Allows Merchanting Trade within Single Foreign CountryBackground and Legal AuthorityChanges to Para 2.39 of the Foreign Trade Policy, 2023Existing Para:Revised Para:Effect of the NotificationConclusion DGFT Notification Allows Merchanting Trade within Single Foreign Country The Directorate General of Foreign Trade (DGFT)
