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As LUT/Bond can be a priori prerequisite for export, which includes exports to a SEZ developer or perhaps a SEZ device, the LUT/bond needs to be processed on prime most priority. It is clarified that LUT/bond should be approved inside a period of three Performing days of its receipt together with the self-declaration as stated in previously mention

In this site, We're going to provide an extensive manual to handling GST litigation in India, including the measures associated, the key gamers associated, plus the prevalent issues faced by companies. GST is a comprehensive oblique tax levied to the manufacture, sale, and use of goods and expert services, and non-compliance may lead to significan

The CBIC emphasised that previous calendar year’s round regarding Head Business office and department Workplace transactions set a precedent that applies equally to transactions amongst distinctive and connected folks. "The tax posture has now been clarified, confirming that no GST will probably be chargeable on transactions involving the domest

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