The RoSCTL was introduced in March 2019 with the intent to rebate all embedded State and Central taxes for garments and apparel and is presently available for the textile industry.
Commerce Minister Piyush Goyal on Wednesday said that South Korea and Japan have been requested to review their respective Free Trade Agreements (FTAs) with India.
Two of the major tax burdens that an individual bears are – Tax Deducted at Source and Tax Collected at Source. Both these taxes require return filing from the individual.
India's net export, one of the four key components of the GDP, has been in negative zone for decades, proving a big drag on its growth story.
MUMBAI: The goods and services tax (GST) regime and the Insolvency and Bankruptcy Code (IBC) are locked in a seemingly intractable impasse, entangling companies undergoing resolution. Some are planning to take the indirect tax department to court over the issue, experts said.
Union Minister of Commerce & Industry Piyush Goyal, held a meeting with around 100 domestic industry, manufacturers, associations of various sectors and users on Wednesday in New Delhi to discuss and provide a holistic view about regulatory instruments for the formulation and implementation of effective trade policy and development strategy.