RBI Extends Export Proceeds Repatriation Timeline for IFSC Accounts

Legal & Regulatory

The Reserve Bank of India (RBI) has amended forex regulations, allowing exporters to hold their foreign currency earnings in International Financial Services Centre (IFSC) accounts for up to three months.

Human Resources & Payroll

India-UK Social Security Agreement: A Breakthrough for Indian Professionals and Employers

The India-UK social security agreement, called the Double Contribution Convention under the India-UK Comprehensive and Economic Trade Agreement (CETA), benefits employers and cross-border talents alike through payroll efficiencies and eliminating dual social security payments.

Legal & Regulatory

GST 2.0: How India’s New HSN and SAC Code Structure Transforms Tax Compliance for Businesses

India’s GST 2.0 ushers in a major tax overhaul, revising Harmonized System of Nomenclature (HSN) and Service Accounting Codes (SAC) codes to simplify compliance. Businesses must realign systems, classifications, and input tax credit (ITC) claims for efficiency.

Economy & Trade

China Bans Third-Party Export Documents: Advisory for Indian Importers

From October 1, 2025, China enforces STA Announcement 17, banning third-party export documents. Indian importers must adapt sourcing strategies, verify suppliers, and ensure full compliance.

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Economy & Trade

Economy & Trade

CBIC Automates IFSC Code Registration to Boost India's Trade Facilitation

Oct 10

India's Central Board of Indirect Taxes and Customs (CBIC) has introduced an automated IFSC registration system. The upgrade aims to simplify customs procedures, speed up incentive disbursals, & enhance export efficiency.

 

Tax & Accounting

Tax & Accounting

GST on Contract Employee Remuneration: Applicability, Rates, ITC, and Compliance

Oct 13

Understand how India's goods and services tax (GST) is applicable to contract employees. Learn the difference between salaries, contract staffing, and manpower supply services, applicable tax rates, ITC eligibility, and key compliance considerations for businesses and investors.

 

Legal & Regulatory

Legal & Regulatory

RBI Extends Export Proceeds Repatriation Timeline for IFSC Accounts

Oct 14

The Reserve Bank of India (RBI) has amended forex regulations, allowing exporters to hold their foreign currency earnings in International Financial Services Centre (IFSC) accounts for up to three months.

Industries

Industries

India's Textile PLI Scheme: Extended Window Offers Fresh Entry Opportunity

Oct 10

India has extended the application window for the Textile PLI Scheme to December 31, 2025. Businesses in the textile sector should act quickly to secure incentives for scaling production and strengthening export competitiveness.

 

HR & Payroll

HR & Payroll

GST on Contract Employee Remuneration: Applicability, Rates, ITC, and Compliance

Oct 13

Understand how India's goods and services tax (GST) is applicable to contract employees. Learn the difference between salaries, contract staffing, and manpower supply services, applicable tax rates, ITC eligibility, and key compliance considerations for businesses and investors.

 

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