Report-2024 The Indian Indirect Tax structure is all set for a renaissance with the Governments proposal to introduce Goods and Services Tax (“GST”). The Government is leaving no stone unturned to introduce GST at the earliest. Introduction of GST is definitely going to have a far reaching impact on every component of the Indian economy. …
How India’s new 7-day time limit for e-invoice generation affect some taxpayers The Indian Government’s new policy for mandatory generation of e-invoices, restricting them to a 7-day timeline, has significant implications for taxpayers. It affects businesses of varying sizes and sectors who operate in India and generate invoices. The enforcement of this policy has resulted …
Export Oriented Units (EOUs) play a vital role in boosting India’s exports. It was in 1980s , that EOUs were introduced as a part of India’s export policy to boost exports and earn foreign exchange. The first EOU was set up in 1984. The inputs under the EXIM policy are used for production of goods …
