New GST rules taking effect on 1 November will allow greater flexibility for post-supply discounts and provide provisional refunds within seven days for eligible inverted-duty claims. From November 1, India’s tax authorities will begin rolling out a fresh set of…
India’s tax authorities have ordered more detailed GST notices, tighter justification for fraud provisions and clearer rules on registration and export payments. India’s tax authorities have tightened the rules on how goods and services tax show-cause notices are drafted, telling…
The headline claim settlement ratio can obscure claim values, repudiations and delays. Here is how buyers should assess an insurer’s record before choosing term cover. A term insurance claim settlement ratio can look like a simple seal of approval. In…
Software firms, freelancers and professional services businesses can sell widely overseas, but place-of-supply rules, payment evidence and a proposed October 2026 reporting regime make documentation increasingly important. India’s service-export rules have become easier to understand in principle, but the details…
Insurers broadly back Irdai’s proposed cost and commission reforms but say the 2027 timetable must be phased in to protect growth, agency networks and product choice. Life insurers in India are pressing the regulator for a slower transition to proposed…
Exporters will now use their Importer Exporter Code throughout applications and claims under the Niryat Protsahan scheme, while existing UINs become invalid. India’s Directorate General of Foreign Trade has removed a long-standing paperwork step for exporters seeking support for export…
The government-backed Senior Citizen Savings Scheme pays 8.2% a year, with deposits of up to ₹30 lakh generating quarterly income for eligible retirees. Retirement often sharpens the focus on one question: where can savings be kept safe while still producing…
India’s Income-Tax Department is using overseas financial data and a new online filing process to urge taxpayers to disclose undeclared foreign assets before the one-time window closes on 31 December. The Income-Tax Department has begun urging select taxpayers who hold…
A reading of India’s export rules suggests specialist processing abroad may be approved when goods return for further manufacture, although re-imported items can still face customs duty. Indian exporters using Advance Authorisation may have more flexibility than is sometimes assumed…
SEBI’s proposal to cut the minimum SME IPO application size could widen access just as speculative retail interest is surging, weakening the risk filter these platforms were designed to provide. The Securities and Exchange Board of India’s latest rethink of…
Aggregated premiums, policy issue dates and payout type determine whether high-premium insurance proceeds remain exempt, with ULIPs and non-ULIP policies taxed under different rules when relief is lost. ULIP holders and buyers of high-premium life insurance plans need to look…
Banks are applying India’s new service-export reporting rules unevenly, leaving freelancers and small exporters unsure whether they must file an Export Declaration Form despite the RBI saying individuals are exempt. The Reserve Bank of India’s new foreign exchange reporting rules…
