Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
A financial regulator has authorised persons resident outside the country holding Special Rupee Vostro Accounts (SRVAs) to invest rupee surplus balances in non-convertible debentures/bonds and commercial papers issued by domestic companies, amending the Master Direction to treat such investments as "eligible instruments" and to reckon them under the corporate debt securities limit under the General Route. SRVA investments remain subject to FPI investment limits, though minimum residual maturity and issue-wise limits do not apply for the SRVA route. SRVA holders and authorised dealer banks bear primary compliance responsibility; banks must facilitate separate demat accounts and report transactions to depositories. Immediate effect.
A financial regulator has authorised persons resident outside the country holding Special Rupee Vostro Accounts (SRVAs) to invest rupee surplus balances in non-convertible debentures/bonds and commercial papers issued by domestic companies, amending the Master Direction to treat such investments as "eligible instruments" and to reckon them under the corporate debt securities limit under the General Route. SRVA investments remain subject to FPI investment limits, though minimum residual maturity and issue-wise limits do not apply for the SRVA route. SRVA holders and authorised dealer banks bear primary compliance responsibility; banks must facilitate separate demat accounts and report transactions to depositories. Immediate effect.
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