Wednesday 1 April 2015

New Foreign Trade Policy (2015 - 2020)

Government has unveiled the much awaited Foreign Trade Policy (FTP) which will be in force for the next five years. The Commerce Minister while unveiling the policy has promised that the schemes have been made simple and the conditions and restrictions in the previous policy with respect to usage of scrips has been lifted. The policy is expected to boost the new government's 'Make in India' campaign. I will be covering the major changes in the later posts. The policy is now available at the DGFT website.


Wednesday 4 March 2015

Updates on Union Budget

Union Budget 2015 - 16

Updates on rate change in Service Tax and the Amendment to include reimbursable expenses in the value of taxable services is here.

Friday 27 February 2015

Service Tax on Transportation Services

Service Tax on Transportation Services

Service Tax implications on transportation services provided by a goods transport agency and the ambiguity in law is discussed in the following Article.