“India Lifts Ban on Laptop, Tablet, and IT Hardware Imports And Implements Import Management System and Quota Authorizations””
India has decided to cancel its plans to impose licensing requirements on the import of IT hardware products and will instead regulate inbound shipments through an import management system. This decision is likely to be welcomed by global IT hardware manufacturers, as it avoids immediate restrictions and provides a more structured approach to regulating imports […]
Addition of 6% tax rate in GSTR-1 online
GSTN added 6% tax rate in GSTR-1 on the GST Portal It may be noted that 6% tax rate has been added in the item details section of all the tables of form GSTR-1, except HSN table 12.In case your outward supplies attracts 6% tax rate, you are required to upload the details against 6% […]
Production Linked Incentive (PLI) scheme for the Pharmaceutical Sector
The PLI Scheme for Pharmaceuticals is based on the strategy of “Atmanirbhar Bharat- Strategies for enhancing India’s manufacturing capabilities and enhancing exports in ten sectors”, which had been approved by the Union Cabinet on 24.02.2021. The Operational Guidelines for the scheme inviting applications from the pharmaceutical industry were issued on 01.06.2021 by the Department of […]