by Dinesh Batra | Mar 16, 2019 | Legal and Tax Compliance
The LEI code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the global financial crisis. “The Reserve Bank of India (RBI) has decided to make Legal Entity Identifier (LEI) code...
by Dinesh Batra | Mar 16, 2019 | Legal and Tax Compliance
To boost MSME sector exports the interest subsidy on post and pre-shipment export credit has been increased to 5% from 3%. Exporters get the subsidy under the ‘Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit’. “It has been decided by the...
by Dinesh Batra | Mar 16, 2019 | Foreign Direct Investment
The Reserve Bank has eased norms for companies in the manufacturing sector in raising overseas funds and allowed Indian banks to market masala bonds in line with the government’s measures to prop up the rupee. Liberalisation of the external commercial borrowing (ECB)...
by Dinesh Batra | Mar 16, 2019 | Foreign Direct Investment
India and China have amended the bilateral tax treaty which will help prevent tax evasion by allowing the exchange of information, the Finance Ministry said Monday. The Government of India and the People’s Republic of China have signed a protocol to amend the...
by Dinesh Batra | Jul 11, 2018 | Goods And Services Tax
Rule 96 of the CGST Rules provides that the Refund of IGST paid on export of goods shall be disbursed by the Custom Authorities instead of the GST Department. A facility has been made available on the GST dashboard of the taxpayers to track status of transmission of...
