Zero rated Supply Turnover is the value of total supplies made on account of exports out of India including export to SEZ for the period for which refund of ITC has been sought for.
Answer: A zero rated supply turnover is the value of total supplies made on account of exports out of Indian including export to SEZ for the month or period for which refund of ITC has been sought. This is the value of supplies for the tax period made for export to a country outside Indian or to a SEZ by the taxpayer as mentioned in his GSTR-3B.
SC laid downs guidelines for use of ITRS for assessing annual income of deceased person under Motor Vehicles Act 1988…
CBDT condones delay in filing Form No. 10AB furnished electronically between 01.10.2025 to 31.03.2026. CBDT has condoned the delay in…
Supreme Court expresses serious concerns over AI generated judgments/paragraphs relied upon by the NCLT/NCLAT In a recent judgment, the Hon'ble…
ICAI to take disciplinary action for quoting very low and incommensurate fee by Chartered Accountants As per the announcement made…
NSDL latest e-TDS TCS RPU Version 6.0 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing…
Requirement for filing Form 67 for claiming Foreign Tax Credit (FTC) is only directory and not mandatory - ITAT In…