Refund on export of Goods Refund on export of goods In India, export of goods is considered as interstate supply and therefore integrated GST is payable. However, under the provisions of the IGST Act, exported goods are treated as zero-rated supplies, allowing the exporter to claim a
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Revised due dates under the Income Tax Act, 1961 amid corona virus spread. The government has passed an ordinance on 31st March, 2020 to relax the various due dates for compliances, deposit of tax with reduced interest rates, making investments, completion of proceedings etc. which are falling
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Micro, Small and Medium Enterprises- Engine for Economy Growth. The Government of India enacted Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 to promote MSME industries in India. Mr. Nitin Gadkari, Union Minister for MSME said that MSME sector contributes 29% in India’s GDP and employs
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