FAQs on India's GST Regime, GST Applicability on Overseas …
Jan 27, 2022 · For the removal of doubts, it was clarified that the expression “services” includes facilitating or arranging transactions in securities. Thus, service charges, service fees, documentation fees, or broking charges that are imposed on transactions in securities will be chargeable under GST.
Withholding Taxes in India - India Guide | Doing Business in India
Cash withdrawal from bank or banking company. 10 million. 2%. Payments to an e-commerce participant, in relation to sale of goods or services facilitated by e-commerce operator through digital platform. 5 lakh. 0.1% (5% in case PAN is not …
ESG Reporting in India: BRSR Core, ERP Rules, & ISSB Standards
In July 2023, SEBI added new ESG metrics for mandatory disclosure under ‘BRSR Core’ for certain listed companies in India. The Business Responsibility and Sustainability Report (BRSR) format was initially introduced in May 2021 and replaced …
India’s International Free Trade Agreements
Major Free Trade Agreements ASEAN-India Free Trade Area. The signing of the ASEAN-India Trade Area (AIFTA) paved the way for the creation of one of the world’s largest free trade area markets, creating opportunities for over 1.9 billion people in ASEAN and India with a combined GDP of US$4.8 trillion.
Corporate Income Tax in India
Corporate tax is levied on the income earned by companies at a rate varying between 20-40%, depending on the companies’ particulars. A company, whether Indian or foreign, is liable to pay CIT under the country’s Income Tax Act, 1961. Domestic corporations are registered under the Indian Companies Act and have their business and management ...
India Food Import Procedure in India and FSSAI Regulator Updates
Oct 20, 2023 · Authorization letter to Customs Handling Agent (CHA): The importing food business operator must prepare an Authority Letter in favor of a Customs Handling Agent (CHA). This letter is addressed to the FSSAI or Authorized Officer and grants the CHA the authority to represent the importer in customs clearance proceedings.
A Guide to Mumbai’s JNPT Port and its Special Economic Zone
Jul 9, 2021 · JNPT is connected to 34 container freight stations (CFS) and 47 inland container depots (ICDs) across the country. There is rail connectivity to three local ICD destinations – see complete ICD list here.. JNPT accounts for more than half of India’s total container volume handled at 12 public ports and around 40 percent of the …
What Trends are Driving the Fintech Revolution in India?
According to Kant, “India has a clear shot at cementing a position in the global landscape through regulatory sandboxes” (live testing of new products or services in a controlled environment) and an agile and responsive approach to policies.. Recently, the Reserve Bank of India selected Open Financial Technologies Pvt Ltd to build a blockchain-based cross-border payment system as …
India’s Import-Export Trends in FY 2020-21 - India Briefing News
Oct 4, 2021 · Progress is also being made around an India-EU free trade agreement as negotiations resumed after an eight-year halt. Political convergence on key regional and global issues provide background support as formal talks on two key pacts on investment protection and geographical indications began in September.. Meanwhile, India-UK talks are set to enter a new stage in November, with hopes to reach ...
India's Per Capita Income in 2022-23 - India Briefing
India’s per capita net national income (at current prices) for 2022-23 stands at INR 172,000, according to estimates from the National Statistical Office (NSO).This marks an almost 100 percent increase from the per capita income in 2014-15 – INR 86,647 – when the Narendra Modi government first came to power.