Last week, The Institute of Chartered Accountants of India (ICAI) brought to the government’s attention several issues in filing of GSTR-1 returns and enabling of
Category: EXIM
Fiscal deficit, growth and employment | Business Standard Column–Mr.Rajwade–15.01.2018—–*****
This is the last full calendar year for the present government, and it has not begun well with the growth forecast for the current fiscal
New confusion in GST’s many rules | Business Standard Column–09.01.2018
The finance ministry’s new year gift is a notification reducing the Goods and Services Tax (GST) rate for manufacturers under the composition scheme, from two
Goods import: Will payment to an agent for Customs duty attract GST? | Business Standard News–09.01.2018
I intend to import goods from outside India. Will payment to a Customs house agent (CHA) for Customs duty attract goods and services tax (GST)?
Rupee may fall against euro, yen, but continue to rise against the dollar | Business Standard Column–08.01.2018—–*****
The global currency market has been braced for volatility, as the Brexit negotiations drag on. December saw a string of central bank policy reviews but
‘Several issues require the urgent attention of DGFT’ | Business Standard News–02.01.2018
The Foreign Trade Policy (FTP) says that advance authorisation can be used for procurement from an Export Oriented Unit (EOU). It also says that EOUs
GST refund woes bite exporters | Business Standard News–01.01.2018
Non-payment of tax refunds and last-mile procedural glitches have continued to be the biggest bane of exporters in the new tax regime. The issues have
Trade deficit: Commerce Ministry to study impact of Chinese imports – The Economic Times–29.12.2017
The surge in India-China trade has been lopsided as it has been primarily driven by phenomenal surge in Chinese exports to India. A staggering trade
Sorting out GST issues of exporters | Business Line–28.12.2017
The Government has started refunding the GST paid by the exporters. This money is refunded under the zero rating principle to promote exports. But the
Commerce Ministry mulls refund for exporters via single window | Business Line–26.12.2017
Seeking to exempt exporters from paying IGST The Commerce Ministry is looking at ways in which the coming Budget can provide further relief to exporters
Improve competitiveness to scale up expots, says Economist Gita Gopinath – The Financial Express–22.12.2017
Blaming disruptions caused by the GST implementation for sluggish exports, noted economist Gita Gopinath has said the country will have to become more competitive if
Exports–What industry expected when Modi government implemented GST – The Financial Express–22.12.2017
With the introduction of the Goods and Services Tax (GST), industry expected the government to continue to work towards a robust and faster indirect tax
Fiscal deficit: Bringing revenue deficit to zero far more important than fiscal deficit: Rajiv Kumar, VC, Niti Aayog – The Economic Times–20.12.2017
With the budget around the corner, Niti Aayog vice-chairman Rajiv Kumar told ET that the focus of the government should be on the creation of
Extend pre-GST duty drawback rates till June: Parliamentary panel – The Financial Express–20.12.2017
A parliamentary panel has suggested the government to extend the pre-GST duty drawback rates until June next year or till the revenue department comes out
SME Chatroom: Several issues require the attention of DGFT | Business Standard News–20.12.2017
The Foreign Trade Policy (FTP) says that advance authorisation can be used for procurement from an Export Oriented Unit (EOU). It also says that EOUs
India’s trade deficit with China stands at $37 bn in April -October – The Financial Express–19.12.2017
India’s trade deficit with China stood at $36.73 billion during the first seven months of the current fiscal (April-October) compared to $51.11 billion in the
Foreign trade policy: Mid term review reaffirms Centre’s belief in Make In India – The Financial Express–19.12.2017
Amidst a series of changes in the tax framework of the country, the government of India recently announced the highly anticipated policy development with regard
The dollar drain India must worry about | Business Line–19.12.2017
The spike in foreign exchange outflows under the Liberalised Remittance Scheme means India is vulnerable to large scale capital flight, if economic uncertainty increases In
Exports jump 30% to $26 bn in November; trade deficit at $13.8 bn | Business Standard News–16.12.2017
India’s exports rose 30.55% to $26.19 billion in November, reversing the decline witnessed in October, helped by robust growth in shipments of gems and jewellery
India losing comparative advantage in leading export sectors – The Financial Express–09.12.2017
In a massive relief to Indian exporters, the government announced liberal incentives of Rs 8,450 crore ($1.3 billion) in its mid-term review of the five-year
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