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US tariffs India - Indian exporters news - Export discounts - Taxscan

US Tariffs Prompt Indian Exporters to Fast-Track Shipments as Buyers Seek Discounts, Delay Payments

Adwaid M S

Indian exporters are scrambling to dispatch consignments ahead of April 9, when the United States newly announced reciprocal tariffs comes into...

Economic Survey - Economic Survey Inflation Update - Economic Survey Update - TAXSCAN

Economic Survey shows Inflation eases down marginally to 4.9% from 5.4%

Error in Classification of Trade - Error - Classification of Trade - Trade - Gross Negligence - ICAI finds CA Not Guilty of Professional Misconduct - ICAI - Professional Misconduct - taxscan

Error in Classification of Trade Receivables is not a Gross Negligence: ICAI finds CA Not Guilty of...

World Trade Center Mumbai submits Memorandum addressing 12 Major GST Challenges faced by Trade and...

Debts Claim Allowable Only if Nexus with Carrying on of Business or Trade is Established: ITAT...

Carat Wise Stock Maintenance is Sufficient Compliance to Genuine Purchases in Diamond Trade :ITAT Deletes Addition [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding carat wise stock maintenance was sufficient compliance to prove genuine purchases in diamond trade. The...

Illegal Trade and Crypto Exchange: ED Seized 18.54 Crores of VIPS Group under FEMA 1999

The Directorate of Enforcement (ED) seized 18.54 Crores of VIPS Group in connection with FEMA, 1999 in violation by VIPS Group of Companies and M/s Global Affiliate Business managed & controlled...

Illegal Trade and Crypto Exchange - ED VIPS Group under - FEMA 1999 - TAXSCAN

No Disallowance u/s 40(a)(ia) in absence of TDS Deduction on Purchase of Trade items: ITAT [Read Order]

The Lucknow bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 40(a)(ia) of the Income Tax Act, 1961 is not allowable in the absence of TDS deduction...

Will Missing 'proportionate' in S. 16(4) create full Problem for Tade?

With the number of notifications and circulars issued in the last 3 months of monsoon it seemed like GST just had a monsoon budget announcement. Right from the day GST was introduced its been common...

MCA notifies new Trade Payables Ageing Schedule [Read Notification]

The Ministry of Corporate Affairs (MCA) notified the New Trade Payables Ageing Schedule. The Central Government further amends Schedule III to the Companies Act, 2013 with effect from 1 April,...

CBIC reviews Measures to Facilitate Trade during Lockdown [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) on Friday issued the review of circular dated April 3, 2020, namely ‘measures to facilitate trade during lockdown period under Section 143AA of...

Delhi Customs issues Procedure for Assessment in cases of Non-Submission of Original Country of Origin Certificates [Read Circular]

The Delhi Customs, on Wednesday issued procedure for assessment in cases of nonsubmission of Original Country of Origin Certificates. In the wake of COVID-19 facilitation measures amended the Public...