Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The Trade Notice amends the Interest Equalisation Scheme (IES) by introducing caps on the annual net subvention amount per IEC. For the financial year starting 01.04.2024, the cap is Rs. 10 crore per IEC, with a lower cap of Rs. 5 crore for MSME Manufacturers until 30.09.2024. Additionally, for Manufacturer Exporters and Merchant Exporters, the cap is Rs. 2.5 crore until 30.06.2024. The amendments aim to rationalize the scheme and were approved by the Competent Authority.
The Trade Notice amends the Interest Equalisation Scheme (IES) by introducing caps on the annual net subvention amount per IEC. For the financial year starting 01.04.2024, the cap is Rs. 10 crore per IEC, with a lower cap of Rs. 5 crore for MSME Manufacturers until 30.09.2024. Additionally, for Manufacturer Exporters and Merchant Exporters, the cap is Rs. 2.5 crore until 30.06.2024. The amendments aim to rationalize the scheme and were approved by the Competent Authority.
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