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...
RBI amended Foreign Exchange Management (Deposit) Regulations, 2016 permitting transfer of funds between repatriable Rupee accounts for bona fide transactions. It allowed opening of Special Non-Resident Rupee Account (SNRR) by persons outside India with authorised dealers or their foreign branches for current, capital account transactions with Indian, foreign residents. SNRR account tenure made concurrent to contract/business period. IFSC units permitted to open SNRR accounts with Indian banks outside IFSCs.
RBI amended Foreign Exchange Management (Deposit) Regulations, 2016 permitting transfer of funds between repatriable Rupee accounts for bona fide transactions. It allowed opening of Special Non-Resident Rupee Account (SNRR) by persons outside India with authorised dealers or their foreign branches for current, capital account transactions with Indian, foreign residents. SNRR account tenure made concurrent to contract/business period. IFSC units permitted to open SNRR accounts with Indian banks outside IFSCs.
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