What is the procedure for Customs clearance ?

By |2021-06-30T05:15:59+00:00July 15th, 2019|Categories: Import Export|Tags: , , , , , , , , , , , , , |

Introduction: custom clearance procedure Custom clearance procedure works include formation and submission of documentation needed to help export procedure or imports into the country, describing the client while customs examination, evaluation, payment of duty and taking delivery of cargo from customs after clearance with documents. The documents included in customs clearance are : Exports Documentation custom [...]

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RCM on services by individual DSAs to banks/ NBFCs wef 27.07.2018

By |2020-03-16T11:15:38+00:00August 30th, 2018|Categories: NBFC|Tags: , , , , , , |

Introduction The Ministry of Finance released a notification on 26th July 2018 which seeks to amend the Integrated Tax(rate) under the Integrated Goods and Services Act, 2017. The notification basically specifies that RCM on services by individual DSAs to banks/NBFCs will be taxed. What this entails is that the services provided by DSAs (Direct Selling Agents) [...]

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