Content ownership determines GST treatment of printed publications: customer-supplied text is a taxable printing service, owned content is exempt good...
Employee recoveries, input tax credit and notice pay recovery under GST: AAR distinguishes taxable supplies from non-taxable perquisites and penalties...
FEMA reporting requirements for authorised persons have been rationalised and several return formats modified. FLM-8 now captures write-off of foreign currency notes, prior RBI approval for write-off exceeding USD 2,000 has been discontinued, and entities maintaining Nostro accounts and reporting through FETERS need not file FLM-8. Authorised persons with franchisee arrangements must submit quarterly lists within 15 days of quarter-end, and MTSS Indian Agents must do the same for sub-agents. FLM-1 to FLM-7 registers, certain foreign currency account and MTSS-related returns, and the separate additional-locations and collateral return requirements have been discontinued, while record-keeping and collateral adequacy obligations remain.
FEMA reporting requirements for authorised persons have been rationalised and several return formats modified. FLM-8 now captures write-off of foreign currency notes, prior RBI approval for write-off exceeding USD 2,000 has been discontinued, and entities maintaining Nostro accounts and reporting through FETERS need not file FLM-8. Authorised persons with franchisee arrangements must submit quarterly lists within 15 days of quarter-end, and MTSS Indian Agents must do the same for sub-agents. FLM-1 to FLM-7 registers, certain foreign currency account and MTSS-related returns, and the separate additional-locations and collateral return requirements have been discontinued, while record-keeping and collateral adequacy obligations remain.
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