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...
Category-I Authorised Dealer banks are now permitted to open Special Rupee Vostro Accounts for overseas correspondent banks without prior approval from the Reserve Bank of India. This change, effective immediately, modifies previous requirements and aims to facilitate international trade settlements in Indian Rupees. Banks must inform their clients and constituents accordingly. These directions are issued under the Foreign Exchange Management Act, 1999, and do not override any other legal permissions or approvals that may be necessary.
Category-I Authorised Dealer banks are now permitted to open Special Rupee Vostro Accounts for overseas correspondent banks without prior approval from the Reserve Bank of India. This change, effective immediately, modifies previous requirements and aims to facilitate international trade settlements in Indian Rupees. Banks must inform their clients and constituents accordingly. These directions are issued under the Foreign Exchange Management Act, 1999, and do not override any other legal permissions or approvals that may be necessary.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
