New Delhi, July 22 (KNN) The Ministry of Finance has updated the GSTR-3B form as the taxpayers, while filing the return in FORM GSTR-3B for a given tax period, committed errors in declaring the export of services on payment of IGST made to a SEZ unit on payment of IGST.
The Finance Ministry on Monday gave clarification related to goods that are taken out of India on consignment basis for exhibitions or other export promotion events.
MSME Minister Nitin Gadkari on Monday said that Micro, Small and Medium Enterprises (MSMEs) Sector contributes significantly to the Indian Economy in terms of Gross Domestic Product (GDP), Exports and Employment generation.
NEW DELHI: The Finance Ministry on Monday said entities taking goods abroad for exhibitions or other export promotion events will not have to generate tax invoice for those goods which are brought back to India within six months.
Sale of high-end mobile phones in the grey market is causing an estimated loss of Rs 2,500 crore annually to the exchequer, mobile industry body India Cellular and Electronics Association has claimed.
The domestic equity markets continued to reel from selling pressure with the benchmark Sensex extending its three-day sell-off to nearly 1,200 points, or over 3 per cent.