New Delhi: Worried over a sharp contract of exports due to poor outbound shipments, the commerce ministry is likely to take corrective measures soon.
Regulation disallows firms to take input tax credit if vendor invoices are not uploaded on the GST network. According to GST law, invoices should be uploaded on the GST IT network for every transaction for it to be eligible for tax credits.
Mumbai: Union Minister Piyush Goyal said that strict action will be taken against multi-brand retailers found violating FDI norms set for the e-commerce companies by the central government.
NEW DELHI: The Federation of Indian Export Organisations (FIEO) has said that Indian exporters should export value added products to Japan in order to utilise the full potential of the East Asian country.
Finance Minister Nirmala Sitharaman on Friday called on G-20 nations, , comprising 19 countries and European Union, to undertake steps to revive global growth and create second wave of reforms.
NEW DELHI: The commerce ministry has called a meeting of all export promotion councils on October 24, amid dip in outbound shipments, an official said.