S N Panigrahi
16 articles written by S N Panigrahi on ConsultEase.
India At Last Finding Some Ways to Regulate Imports
Curbs on Non-Essential Goods: Ways to Regulate Imports Imports are foreign goods and services that are produced in a foreign country and sold to domestic residents of a country. If a country imports more than it Exports it runs a Trade Deficit. When a country has a trade deficit,
No Automatic Refund of IGST of Exports
Stringent Systems Put in Place to Detect Fraudulent Refund Claims by Exporters No Automatic Refund of IGST of Exports will be there anymore. As per Sec 16. (3) of IGST Act, Exporters of Goods or Services are allowed to Export under Two Options Export Without
Make (Videshi) Foreign Trade Policy SWADESHI
Introduction: In this article we will discuss about our foreign trade policy. India Traditionally a Trade Deficit Country. India’s Exports in 2018-19 stood at $331 billion, while Imports soared high of $507.44 billion, taking India’s trade deficit to reach a record high of $176 billion. India’s GDP
How to do Export to Nepal & Bhutan in GST
Introduction: There are lot of Confusion regarding Export to Nepal / Bhutan. In this Article an attempt has been made to clarify those Critical Questions. Let’s first understand basics and then move to clarifications. Definition of Exports : Definitions of Export of Goods & Export
Recent Changes in Real Estate
Opportune Time for Builders & Officials to Enrich Gracefully Changes in Real Estate: Confusions Galore – Common Man @ Mercy In the recent times there are Headline News and Flashes in many Electronic Media about GST rate slash to just 1% & 5% from
GST on Outsourcing of Export Services
In case an exporter of services outsources a portion of the services contract to another person located outside India, what would be the tax treatment of the said portion of the contract at the hands of the exporter? Let’s in this article discuss the GST on
Annual Return for Composition Scheme- GSTR-9A
What is composition scheme? A composition dealer is required to file GSTR-9A. They are covered by section 10 of CGST Act.Composition Scheme is a simple and easy scheme under GST for Small Taxpayers especially beneficial for B2C businesses. This scheme can be opted by any
Vision to Double Agricultural Exports
“Modi”-Nomics : Vision to Double Agricultural Exports, Agriculture Export Policy, 2018 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Agriculture Export Policy, 2018. The Cabinet has also approved the proposal for establishment of Monitoring Framework at Centre with Commerce as the
Bank audit from GST angle
Bank Audit from GST Angle: In this article we have discussed bank audit from GST angle.Bank auditing is the procedure of reviewing the services and procedures adopted by banks and other financial institutions. It is a routine procedure that all financial services entities must undergo in order to
Advance Authorization Schemes under GST
Advance Authorization Schemes under GST The vision behind the Foreign Trade Policy continues to be focused on making India a significant participant in world trade and on enabling the country to assume a position of leadership in international trade. The Policy is issued once in
Complete Analysis of EPCG Scheme
Complete Analysis of EPCG Scheme This is a very Beneficial Export Promotion Scheme through which Capital Goods required for Export Production is allowed Duty-Free. Objective The objective of the EPCG Scheme is to facilitate import of capital goods for producing quality goods and services and
Procedure in Respect of Return of Expired Drugs or Medicine
Procedure in Respect of Return of Expired Drugs or Medicine The pharmaceutical sector was valued at US$ 33 billion in 2017. The country’s pharmaceutical industry is expected to expand at a CAGR of 22.4 per cent over 2015–20 to reach US$ 55 billion. India’s pharmaceutical