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SEZ SERVICES PAYMENTS
Draft note favours rupee payments for SEZ services provided domesticallyThe current provision under Section 2(z) of the Act mandates that proceeds from SEZ-to-DTA supplies of services must be realised in foreign...- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- India urges BRICS to link payment systems, encourage local currency tradeCommerce and Industry Minister Piyush Goyal urged BRICS countries to link payment systems, expand local-currency trade, open markets and si...
- Major players Lenskart, Groww, Adani Energy join MSCI India IndexMSCI announced changes to India indices, adding four stocks and removing three. India's weight in the MSCI India Standard Index will rise s...
- MSCI Rejig: Adani Energy Solutions, Lenskart Solutions make the cut; SBI Cards, Astral to be excludedAstral Ltd., Balkrishna Industries Ltd. and SBI Cards and Payment Services Ltd. will be removed from the MSCI India Index. Astral and Balkr...
- Government plans to ease forex rule for SEZ services exports to domestic tariff areasThe current provision under Section 2(z) of the SEZ Act, 2005 mandates that proceeds for SEZ to DTA supplies of services must be realised i...
- SEZ job work, export schemes among issues discussed at stakeholder meetThe focus of discussions included synchronizing export mechanisms, facilitating rupee payments for services delivered to the Domestic Tarif...
- Industry seeks payment in rupee for domestic supplies at maiden SEZ reforms stakeholder consultationSEZ developers are urging the government to allow domestic sales in Indian Rupees, citing subdued global demand. They also proposed job wor...
- Commerce ministry convenes stakeholders' meet on June 30 on SEZ issuesThe commerce ministry is convening a stakeholder meeting on June 30 to address critical issues concerning Special Economic Zones (SEZs). Di...
- Govt panel to meet industry on June 30 to review SEZ reformsA government panel is set to meet industry leaders on June 30 to explore ways to boost India's Special Economic Zones (SEZs). Discussions w...
- FTA impact, import substitution, rupee payments at SEZ reforms panel meet June 30A government committee reviewing India’s Special Economic Zone (SEZ) policy will hold a stakeholder meeting on June 30 to examine how free ...
- SEZs should be allowed to sell goods in domestic market on payment of duty foregone on inputs: GTRIThink tank Global Trade Research Initiative (GTRI) has suggested that the government of India should consider allowing the sale of products...
- E-invoice under GST: These businesses need not prepare electronic invoices up to a revenue of ₹500 crore any more
- Government to allow SEZ services' units to accept payments in rupee from DTA playersAt present, domestic firms are required to pay in foreign exchange for services rendered by a SEZ unit. However, this norm is not applicabl...
- Cos can pay in foreign currency for services by SEZ unitsRelaxing the SEZ norms, the Reserve Bank has allowed domestic companies to make payments to units in special economic zones in foreign curr...
- Budget 2012: Vendors should be allowed to not charge tax basis declaration issued by SEZ units, says E&YPresently, process of claiming refund of Service tax paid by SEZ units/ developers is a cumbersome and prolonged process.
- SEZ developers get service tax reliefSpecial Economic Zone developers now will no longer have to go through the process of claiming refunds on service tax paid on services cons...
- EC blocks service tax sops for SEZ unitsDevelopers of special economic zones (SEZ) and units operating in them will have to wait until a new government is formed to get a keenly-a...
- SEZs to get tax refunds on input servicesDevelopers of special economic zones (SEZ) and units inside such zones can from now on claim refunds of taxes paid on all input services, r...
- SEZ units and developers can clain refund for taxSpecial Economic Zones (SEZ) units and developers will now be able to claim refund for tax paid on all input services, irrespective of whet...
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