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...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
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The Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit has been extended for three months beyond 30th September 2024, until 31st December 2024. The extension is granted on the same terms and conditions as the previous extension, with an additional condition that the fiscal benefits for each MSME will be restricted to Rs. 50 Lakhs for the FY 2024-25 until December 2024. MSMEs that have already availed the equalization benefit of Rs. 50 Lakhs or more in 2024-25 until 30th September 2024 will not be eligible for further benefits during the extended period. The extension is valid for three months or until a revised approval is received prior to the lapse of the three-month extension period. Relevant RBI guidelines and notifications should be referred to for further details.
The Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit has been extended for three months beyond 30th September 2024, until 31st December 2024. The extension is granted on the same terms and conditions as the previous extension, with an additional condition that the fiscal benefits for each MSME will be restricted to Rs. 50 Lakhs for the FY 2024-25 until December 2024. MSMEs that have already availed the equalization benefit of Rs. 50 Lakhs or more in 2024-25 until 30th September 2024 will not be eligible for further benefits during the extended period. The extension is valid for three months or until a revised approval is received prior to the lapse of the three-month extension period. Relevant RBI guidelines and notifications should be referred to for further details.
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