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Foreign Direct Investment (FDI) in India has been an instrumental in shaping the Nation’s economic landscape. As per the Department for Promotion of Industry and Internal Trade (DPIIT), India’s influx of FDI has increased 20 times in the past 23 years. Ashwini Vaishnaw, India’s former IT minister said that the nation is eyeing $100 billion
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Micro, Small, and Medium Enterprises (MSMEs) are crucial in the Indian economy. After agriculture, they are the most significant employment providers in India. In terms of Employment generation, exports, and Gross Domestic Product (GDP), they contribute significantly to the Indian Economy. In January 2024, during a speech at the World Economic Forum in Davos, RBI
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Taxes are a crucial part of the Indian financial system as they contribute significantly to the government’s revenue sources. To keep things fair, the Income Tax Act 1961 has a superb provision – Section 270A; let’s break it down and understand how it works to keep our tax system fair and honest. Suppose you have
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Are you familiar with India’s essential export regulations? If you receive payments from abroad in foreign currency, you are exempt from paying GST. Per the export regulations set by the Indian government, the export of goods and services is considered a zero-rated supply if payments are received in foreign currency. Since payments are received later,
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Introduction Supply Definition: As per the Act, Supply means all forms of supply of goods or services, e.g., sale, transfer, barter exchange, lease, disposal made or agreed to be made for a consideration by a person in the course of furtherance of business In the dynamic world of commerce, where every supply holds a story
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