FAQ on section 269SU Regarding businesses shall mandatorily provide facilities for accepting payments through prescribed electronic modes

In line with the government’s push for digital transactions, Finance (No. 2) Act, 2019 had inserted a new section 269SU (which has come into force from 1st Nov 2019) Accordingly,…

Continue ReadingFAQ on section 269SU Regarding businesses shall mandatorily provide facilities for accepting payments through prescribed electronic modes

Exporters ought to follow Standard Operating Proceedure to avoid Fraudulent ITC grant to Exporters based on Fake Invoices: CBIC [Read Circular]

The circular dated January 23, 2020, on the subject matter pertaining to avoid fraud and malpractices Government of India (GOI) stated in the notice that the exporters are ought to…

Continue ReadingExporters ought to follow Standard Operating Proceedure to avoid Fraudulent ITC grant to Exporters based on Fake Invoices: CBIC [Read Circular]