Under the Export Promotion Capital Goods (EPCG) plan, capital goods, including spares for pre-production, production, and post-production, can be imported duty-free if an export requirement of six times the duty saved on the capital goods is met within six years following the Authorization issue date.
Manufacturer exporters with or without supporting manufacturer(s)/vendor(s), merchant exporters with supporting […]
The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) Scheme attempts to incentivize companies for job creation by paying the entire employers’ EPS contribution of 12 percent for new employees for the first three years of their employment, and it is intended to be extended to semi-skilled and unskilled unemployed people. The Ministry of Labour and Employment is […]
AS-19 deals with the accounting policies applicable for all types of leases except certain listed below. A lease is an arrangement between the lessor and the lessee that grants the lessee the right to use an asset in exchange for a payment or series of payments over a predetermined period of time.
Regardless of the taxpayer’s turnover limits, GST registration applies to all commission and brokerage revenue.
A person who takes on the business of supplying goods or services on behalf of another person is referred to as an agent under the GST law (principal). A broker, commission agent, […]
The Benami Transaction (Prohibition) Act of 1988 was enacted to prevent and regulate Benami transactions, as well as the power to reclaim Benami property and any other transaction related to them. The widespread transactions in Benami property in the country with the goal of tax evasion on the grounds that the real owner is barred from […]
There has been a lack of consistency in the vocational skill training arena. The government has lately created the ‘Skill acquisition and knowledge awareness for livelihood promotion’ (SANKALP) scheme in order to expand this training space
It is a subset of the National Skill Development Mission (NSDM), and its goal is to improve India’s skill development initiatives. The […]
