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...
A regulator amends guidance on Special Rupee Vostro Accounts, clarifying that authorised dealer Category-I banks may, with immediate effect, permit surplus balances to be invested not only in government treasury bills and securities but also in non-convertible debentures, bonds and commercial paper issued by Indian companies, subject to guidelines and limits set forth in the referenced circular and compliance with FEMA and any other applicable statutory permissions or approvals under other laws. The direction is issued under the regulator's FEMA powers and must be communicated to affected constituents.
A regulator amends guidance on Special Rupee Vostro Accounts, clarifying that authorised dealer Category-I banks may, with immediate effect, permit surplus balances to be invested not only in government treasury bills and securities but also in non-convertible debentures, bonds and commercial paper issued by Indian companies, subject to guidelines and limits set forth in the referenced circular and compliance with FEMA and any other applicable statutory permissions or approvals under other laws. The direction is issued under the regulator's FEMA powers and must be communicated to affected constituents.
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