Making the Case for Improving a Laudable Initiative.
Tirupur, May 1 (KNN) Lakshmi Vilas Bank has launched a specialized current account for the exporter community at an attractive pricing of Rs 75 on a host of remittance, trade and forex transactions.
The Central Board of Indirect Taxes & Customs (CBIC), the apex policy-making body for indirect taxes, seems to be in no mood to consider giving exporters exemption retrospectively from the pre-import conditions to avail I-GST (Integrated Goods and Services Tax).
New Delhi: India on Thursday further extended its June 2018 order to impose retaliatory tariffs on 29 US products by another 14 days till 16 May as it awaits a final word from the US on its decision to withdraw duty free benefits to Indian exporters.
Goods and services tax (GST) collection touched a record high in April, exceeding Rs 1 trillion for the third time in four months. The mop-up was 10 per cent higher over the previous year.
In order to pull the plug on GST evasion, the government is working on a mechanism wherein businesses with a turnover exceeding a particular amount will have to generate electronic invoice either on a government portal or on the Goods and Services Tax (GST) portal.