News

GST Special Investigation Branch has begun searches on Gala Agencies' crockery showroom in Prem Nagar.

GST Raid on Crockery Showroom in Bareilly; Team searched Bills and Documents

The finance ministry said that foreign credit card spending by workers on business travels overseas will be excluded from RBI's LRS yearly limit of $250,000 provided such expenditures are met by their employers.

Forex Card spends by Employees in International Business Travels to be outside LRS and TCS ambits

GSTN has recently implemented a useful function that allows users to access IRN even if it was not initially recorded for an invoice, credit note, or debit note.

GST Portal Update: GSTN enabled functionality to find IRN using Document Number

The Ministry of Finance issued Clarifications on the Liberalized Remittance Scheme of FEMA.

MOF Clarifications on the Liberalized Remittance Scheme of FEMA

TCS on Foreign Remittance: MOF releases FAQs clarifying the covered Transactions

Articles

TCS Rate of 5% is applicable upto 30th June 2023. TCS Rate of 20% is applicable w.e.f. 1st July 2023.

20% TCS on Credit Card Transactions: Understanding Key Points and Implications

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