Author: commerceclub

SEBI
commerceclub

Clarification on Government Debt Investment Limits

The gov­ern­ment is like­ly to expand the scope of Served from India Scheme (SFIS) by allow­ing exporters to trade the tax incen­tives earned by them in a bid to spur ser­vices exports.

The incen­tives are in the form of duty cred­it scrips that can be used to pay the cus­toms duty on input imports of cap­i­tal goods or consumables.

If the incen­tives are made trad­able, exporters from sec­tors such as edu­ca­tion, health­care, health­care, con­sul­tan­cy and real estate that do not import much will be able to sell them in.…..

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GST
commerceclub

States demanding a portion of the Centre’s revenue from GST on interstate trade

The Cen­tre is learnt to have turned down a key demand from min­er­al-rich, grain-pro­duc­ing and man­u­fac­tur­ing states that they must be giv­en a por­tion of the Centre’s rev­enue from GST on inter­state trade to off­set their per­ceived rev­enue loss to “con­sump­tion states” in the GST regime. It has also reject­ed a pro­pos­al from all states that the man­date of dis­pute res­o­lu­tion should not be giv­en to the pro­posed GST Coun­cil, which is meant to have a con­sti­tu­tion­al role. These demands were made by respec­tive states as a pre­con­di­tion for their adop­tion of the supe­ri­or tax sys­tem that would avoid cas­cad­ing of tax­es and reduce the mul­ti­plic­i­ty of indi­rect taxes.

FE had ear­li­er report­ed that states like.….

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