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Specialising in the entire gamut of import export laws, rules, procedures and documentation particularly in the area of customs, excise, service tax, GST,FEMA, foreign trade policy. Based at Ahmedabad, Gujarat practising since last 39 years. Regular part time faculty at many prestigious educational institutes. Chairman of the Indirect Taxes Committee at Gujarat Chamber of Commerce & Industries for the past 10 years and also their representative at the customs or excise (GST) public grievances and the Regional Advisory Committee chaired by Ahmedabad Commissionerates/the Zonal Chief Commissioners for past several years. Visit my site svmodi.com for contact details.

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Issue Id: 116132
I refer to the detailed article published in TMI on 04-02-2019 written by the respected Mr. M. Govindrajan elaborating on the sum and substance of ... Read Full Issue
Date 12 Mar 2020
Replies 6 Replies
Views 6090 Views
22 Replies on 9 Issues
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Issue Id: 117319
Dear All, One of our client filled BE and paid challan for the month of Apr-21 & May-21 but credit of same is not flowing in GSTR-2B of ... Read Full Issue
Date 29 Jun 2021
Replies 1 Reply
Views 38631 Views
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Issue Id: 116660
HelloAn Indian vendor sells goods in Bill to ship to model as follows:Order received from Singapore company to ship goods to a delhi based ... Read Full Issue
Date 25 Aug 2020
Replies 2 Replies
Views 4582 Views
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Issue Id: 116654
Dear Sir,Please let us know, if exported goods returned for repair.What is the procedure under gst and what will happen if not re-exported.Note: ... Read Full Issue
Author
Date 24 Aug 2020
Replies 1 Reply
Views 13339 Views
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Issue Id: 116275
Dear All,Is Drawback under Section 74 will be applicable for supplies of imported goods to SEZ?
Date 06 May 2020
Replies 2 Replies
Views 7315 Views
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Issue Id: 116132
I refer to the detailed article published in TMI on 04-02-2019 written by the respected Mr. M. Govindrajan elaborating on the sum and substance of ... Read Full Issue
Date 12 Mar 2020
Replies 3 Replies
Views 6090 Views
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Issue Id: 114954
We have delivered goods to Indian party as per order from overseas party. Billing is in the name of overseas party and ship to is Indian party. We ... Read Full Issue
Date 09 May 2019
Replies 5 Replies
Views 60499 Views
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Issue Id: 113601
I want to export some items to Nepal. The total amount of export is 1,00,000. I do not have any LUT yet so I will include IGST in the invoice which ... Read Full Issue
Date 11 Apr 2018
Replies 1 Reply
Views 13109 Views
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Issue Id: 111364
Dear Experts,Please suggest what are consequences and what are remedies if Average Export Obligation could note be maintained under EPCGThanks..
Date 12 Jan 2017
Replies 1 Reply
Views 14977 Views
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Issue Id: 108638
HiRegularly we export under UT-1 i.e.Letter of undertaking in some transactions, we sell the goods to Merchant Exporter without charging excise & ... Read Full Issue
Date 22 May 2015
Replies 2 Replies
Views 18030 Views
Showing 1 to 2 of 2 Results
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Export GST refund conditioned on foreign exchange realisation risks re taxing exports and double liability for exporters.
The note argues that conditioning GST refunds on realisation of export proceeds in foreign exchange is inconsistent with GST's status as a destination consumption tax and with many prior export reliefs that are not recoverable for non realisation. It warns that recovery of refunds after export would effectively re tax goods consumed abroad, imposes extra loss on exporters who also face FEMA penalties, and raises double jeopardy concerns. The author urges deletion of the foreign exchange realisation condition or use of credit insurance to protect exporters against both non realisation and refund recovery. (AI Summary)
Author
Date 25 Nov 2015
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Cenvat credit for sales promotion services: statutory definition and circular support credit despite regional judicial divergence.
Availability of cenvat credit for service tax paid on services of sales commission agents depends on treating those services as sales promotion under the statutory Business Auxiliary Service definition, which expressly includes commission agents, and on the rules provision adopting statutory meanings; an administrative circular clarifies credit is admissible, yet certain jurisdictional rulings have created a conflicting territorial position. (AI Summary)
Author
Date 21 Oct 2015
Replies 2 Replies
Subhash Modi
Organization
Organization

S. V. Modi

Connected
Connected

March 2015