SEIS documentation requirements updated: local currency payment certification required and consolidated invoice-FIRC option permitted for specific services. Applicants claiming SEIS benefits for payments in local currency must submit a CA/CWA/CS certificate certifying that such payments have been scrutinised and are approved under RBI guidelines as deemed to be received and earned in foreign exchange. For Medical and Dental Services, Hospital Services and Hotels and Restaurants (including catering), invoice-wise matching with FIRC/proof of payment is not required; a consolidated statement of invoices and FIRCs/proofs of payment may be submitted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
SEIS documentation requirements updated: local currency payment certification required and consolidated invoice-FIRC option permitted for specific services.
Applicants claiming SEIS benefits for payments in local currency must submit a CA/CWA/CS certificate certifying that such payments have been scrutinised and are approved under RBI guidelines as deemed to be received and earned in foreign exchange. For Medical and Dental Services, Hospital Services and Hotels and Restaurants (including catering), invoice-wise matching with FIRC/proof of payment is not required; a consolidated statement of invoices and FIRCs/proofs of payment may be submitted.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
