Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
The notice introduces two new functionalities for self-certification of electronic Bank Realization Certificates (eBRCs): a bulk upload facility and API integration. The bulk upload allows exporters to generate multiple eBRCs concurrently by uploading a spreadsheet with IRM mapping, Shipping Bill, and invoice details. The API integration enables exporters' ERP or accounting systems to interface directly with the DGFT eBRC system for retrieving IRM/ORM data and requesting/verifying eBRCs. API integration requires online registration, authentication, and credential management by exporters. User manuals, exporter outreach programs, and support channels (helpdesk, email) are provided for assistance. These initiatives aim to streamline operations, reduce complexity, improve ease of doing business, and empower exporters.
The notice introduces two new functionalities for self-certification of electronic Bank Realization Certificates (eBRCs): a bulk upload facility and API integration. The bulk upload allows exporters to generate multiple eBRCs concurrently by uploading a spreadsheet with IRM mapping, Shipping Bill, and invoice details. The API integration enables exporters' ERP or accounting systems to interface directly with the DGFT eBRC system for retrieving IRM/ORM data and requesting/verifying eBRCs. API integration requires online registration, authentication, and credential management by exporters. User manuals, exporter outreach programs, and support channels (helpdesk, email) are provided for assistance. These initiatives aim to streamline operations, reduce complexity, improve ease of doing business, and empower exporters.
Note: It is a system-generated summary and is for quick reference only.
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