Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Foreign Trade Policy 2023 now permits applicants outside the Gems & Jewelry Sector to obtain One Star Export House status based on export performance in any two of the three preceding financial years, subject to the other requirements of paragraph 1.25. The general requirement of export performance across all three preceding financial years remains applicable for grant of status, while the Gems & Jewelry Sector continues to require performance in both preceding financial years. The amendment takes immediate effect.
Foreign Trade Policy 2023 now permits applicants outside the Gems & Jewelry Sector to obtain One Star Export House status based on export performance in any two of the three preceding financial years, subject to the other requirements of paragraph 1.25. The general requirement of export performance across all three preceding financial years remains applicable for grant of status, while the Gems & Jewelry Sector continues to require performance in both preceding financial years. The amendment takes immediate effect.
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