Impact of GST on Bloggers, Freelancers and Exporters of Services

A) REGISTRATION UNDER GST Export of services would be considered as inter-state supply under GST and since it is mandatory to register in case of inter-sate supply, all the exports of services would be required to register under…

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Hedging Loss on FC Forward Contract not Speculation Loss

TAX FLASH:  CIT v Friends And Friends Shipping Pvt Ltd. – Gujarat High Court S. 43(5): Loss on foreign currency forward contracts by a manufacturer/ exporter is a “hedging loss” and not a “speculation loss” FACTS OF THE…

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