🔊 Play Question 1: What is GST? Answer : GST stands for Goods and Services Tax, which is levied on supply of goods or services. “Supply” is a legal term which has very broad sweep and various types of economic activities are covered by it. For example, sale of goods is a type of supply. […]
FAQs Drugs & Pharmaceuticals GST
🔊 Play Question 1: Whether formulations cleared have to be assessed to GST under transfer price mechanism or on the basis of MRP printed on them? Answer : The assessment of drugs and formulations under GST would be on the basis of transaction value at each level of supply with end to end ITC chain […]
FAQ on E Commerce Gst
🔊 Play FAQ: E-Commerce Question 1: What is Electronic Commerce ? Answer: Electronic Commerce has been defined in Sec. 2(44) of the CGST Act, 2017 to mean the supply of goods or services or both, including digital products over digital or electronic network. Question 2: Who is an e-commerce operator? Answer: Electronic Commerce Operator has […]
Unique Identification Number(UIN)
🔊 Play Grant of Unique Identification Number(UIN) Any specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947 (46 of 1947), Consulate of Embassy of foreign countries ; Any other person or classes of person notified by the Commissioner shall obtain […]
What is Debit Note and Credit Note?
🔊 Play What is Debit Note and Credit Note? When goods supplied are returned or when there is a revision in the invoice value due to goods (or services) not being up to the mark or extra goods being issued a Debit Note or Credit Note is issued by the supplier and receiver of goods […]
Cross Border Transaction – Structuring & Taxation
🔊 Play We have extensive experience in developing optimal tax structures for both inbound investments and outbound investments. The structuring of inbound and outbound investments starts with an understanding of expansion plans and objectives of the business. And, then a careful analysis of the applicable tax rules and rates for the home country and foreign […]
FDI Allowances in various sectors
🔊 Play Agriculture – 100% Plantation Sector – 100% Mining of metal and non-metal ores – 100% Mining – Coal & Lignite – 100% Food Product Retail Trading – 100% Broadcasting Carriage Services (Teleports, DTH, Cable Networks, Mobile TV, HITS) – 100% Broadcasting Content Service – Up-linking of Non-‘News & Current Affairs’ TV Channels/ Downlinking […]
FDI Services
🔊 Play India is one of the top Country in terms of foreign investment destination. To invite and encourage Foreign Direct Investment in India (FDI), the process of regulation and approval has been substantially liberalized. The Reserve Bank of India has prescribed the administrative and compliance aspects of FDI. FDI can be divided into two […]
Registration Procedure with APEDA
🔊 Play Following documents are required for APEDA Registration:- Application form for APEDA Registration duly filled, sealed and signed by an authorized signatory Self-certified copy of Import-Export code (IEC) issued by D.G.F.T. Bank Statement for latest 2 months A cancelled cheque List of Directors or Partners or Proprietor on company’s letterhead in triplicate Private Limited Company(s) […]
APEDA Registration
🔊 Play APEDA Registration Online The Agricultural and Processed Food Products Export Development Authority was established by the Government of India for the development and promotion of export of scheduled products. And, this was established under the APEDA Act passed by the Parliament in December 1985. The APEDA Act came into effect on 13th February […]