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...
The International Financial Services Centres Authority (IFSCA) issued the 'International Financial Services Centre Authority (Informal Guidance) Scheme, 2024' to provide a mechanism for seeking clarity and guidance on various issues pertaining to potential business activities, transactions, and legal matters under IFSCA's regulatory ambit. The scheme allows eligible persons, such as those licensed by IFSCA, intending to undertake regulated transactions, or planning to set up units in IFSC, to apply for informal guidance in the form of no-action letters or interpretive letters. The scheme outlines the application process, types of guidance, dissemination on IFSCA's website, confidentiality provisions, and the non-binding nature of the informal guidance.
The International Financial Services Centres Authority (IFSCA) issued the 'International Financial Services Centre Authority (Informal Guidance) Scheme, 2024' to provide a mechanism for seeking clarity and guidance on various issues pertaining to potential business activities, transactions, and legal matters under IFSCA's regulatory ambit. The scheme allows eligible persons, such as those licensed by IFSCA, intending to undertake regulated transactions, or planning to set up units in IFSC, to apply for informal guidance in the form of no-action letters or interpretive letters. The scheme outlines the application process, types of guidance, dissemination on IFSCA's website, confidentiality provisions, and the non-binding nature of the informal guidance.
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