Tag: Export of Services

GST

57th GST Council Recommendations (8 October 2026): Withdrawal of Arrest Powers, Rs 5 Crore Prosecution Threshold, Faster Refunds and Wider ITC

CA Adityavikram Banka

57th GST Council recommendations of 8 October 2026: withdrawal of arrest powers, Rs 5 crore prosecution threshold, automated refunds, wider ITC and lower penalties.

Finance

FEMA Export Realisation Period From October 1, 2026: Nine Months Stays, the Clock Moves to Invoice and Sale Dates (RBI Amendment of 22 September 2026)

CA Adityavikram Banka

RBI’s 22 September 2026 amendment keeps export realisation at nine months from 1 October 2026: from shipment for goods, invoice for services, sale for warehouse goods; twelve months for INR exports.