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The team at iFactor is knowledgeable, responsive, and genuinely cares about our success. We are grateful for their partnership and will continue to work with them for all our financial needs..
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Featured News
China's trade restrictions for services exporters under review
India is proactively gathering insights on the trade hurdles faced by its services exporters in China, engaging with industry representatives to address concerns. The investigation encompasses aspects like licensing, data regulations, and the challenges faced by Indian professionals in movement. Despite a potential of $8.95 billion in services exports to China in 2024, there's room for improvement through better partnerships and streamlined regulations, especially in mutual recognition and certification standards.
GST e-invoicing may cover services imports from unregistered companies
The Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with an annual turnover exceeding ₹5 crore. Companies will need to modify their documentation processes to comply with the new regulations. Proposed changes aim to reduce mismatches between tax liabilities and input tax credits. The consultation on these changes is expected to begin shortly, with implementation likely in April 2027.
