Archives

RBI issued circular
Exports
CA. Kapil Mittal

RBI issued circular on regulation of Payment Aggregator-Cross Border

Reserve Bank of India (RBI) has issued a detailed circular on the regulation of Payment Aggregator-Cross Border (PA-CB) vide RBI/2023-24/80 CO.DPSS.POLC.No.S-786/02-14-008/ 2023-24 dated 31st October, 2023. Processing of payment or receipts transactions in cross-border transactions is not something an Individual entity can do itself. All these facilities are provided by Payment Aggregator through Payment gateways.

Read More »
Turnkey Project Exports
Project Exports
CA. Sachin Jindal

Know all about Turnkey Project Exports from India

One of the special modes of carrying out international business is a ¨ Turnkey Project exports ¨. Generally, projects that involve rendering of services like designing, civil construction and erection and commissioning of plants/factories along with supply of machinery, equipment and materials are known as turnkey projects. In this article you can find various essential provisions related to Turnkey project exports.

Read More »
Benefit of Sanctioning IGST refund where data has not been transmitted to IEC Gateway | Extended till 31.3.2021
GST Refund
CA. Kapil Mittal

Benefit of Sanctioning IGST refund where data has not been transmitted to IEC Gateway | Extended till 31.3.2021

1. Issue with respect to transmission of data to IEC Gateway in case of IGST refund from customs Under Goods and Service Tax, information related to exports are furnished at following two places: Summary information is given in Table 3.1(b) of GSTR-3B where details are given of Value of Export and Amount of IGST paid on such export.  Invoice wise details of export invoices are furnished in Table No. 6A of GSTR-1 wherein information is provided of Shipping Bill Number, Shipping Bill date, Port code, value of goods exported, taxes paid on such export etc.  Data furnished in Table-6A are

Read More »
Categories

V J M & Associates LLP

Contact Us

X