India Infrastructure & Policy Update
The Government of India (GoI) has amended its existing policy on foreign direct investment (FDI) and has allowed: 100% FDI in single brand product retail trading by only non-resident entity whether owner of the brand or otherwise; 51% FDI in multi-brand retail trading under government route; 49% FDI by foreign airlines in the capital of
SERVICES PROVIDED IN TAXABLE TERRITORY ALONE ARE TAXABLE
S.No. 6 of the notification no. 25/2012-ST dated 20.06.2006 exempts services provided by an arbitral tribunal or an individual as an advocate or a partnership firm of advocates by way of legal services to a business entity with a turnover up to rupees ten lakhs in the preceding financial year. Does the word ‘turnover’ include
Indirect Tax Notifications India
Notifications: Customs„X CBEC has issued a Notification No. 66/2012 ¡V Customs (Non-Tariff), dated 31st July, 2012 amending Notification No.36/2001-Customs (N.T) dated 3rd August 2001. For the full text of the Notifications, members may visit: http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2012/csnt2012/csnt66-2012.htm CBEC has issued a Notification No. 67/2012 ¡V Customs (Non-Tariff), dated 1st August, 2012 regarding rate of exchange of conversion of each