Tag: Foreign Exchange


What is meant by ‘Intermediary” – Why GST Council Had to Clarify Meaning And Scope of ‘Intermediary’.

All the economies in the world tries to maximize their foreign exchange earnings.  For this purpose they tax only those goods and services which are provided in their taxable territory.   And export of goods and services is not only kept exempt from tax, rather various  export incentive schemes are launched to earn more and more foreign exchange.  Export of goods

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