CA KAMAL GARG

How can I improve my Credit Score or CIBIL Score? There are many ways by which you can improve your credit score. Some of these ways are  maintaining payment of loan EMIs and credit card bills,  limited borrowing and  maintaining a credit utilisation ratio of less than 30% can also help your score. Credit Card Utilisation Credit card Payment History Age of Credit Card/ Lines Negative Status Accounts Credit Enquiries Total Accounts

Overseas investments by persons resident in India enhance  the scale and scope of business operations of Indian entrepreneurs  by providing global opportunities for growth.  Such ventures through easier access to technology, research and development, a wider global market and reduced cost of capital along with other benefits  increase the competitiveness of Indian entities and boost their brand value.  These overseas investments are also important drivers of foreign trade and technology transfer thus boosting domestic employment, investment and growth through such interlinkages. In keeping with the spirit of liberalization and  To promote ease of doing business,  the Central Government and the Reserve Bank of India have been  progressively simplifying the procedures and  rationalizing the rules and regulations under the Foreign Exchange Management Act, 1999 (FEMA, 1999).  In this direction, a significant step has been taken with operationalization of a new Overseas Investment regime.

In accordance with the orders of Hon'ble Supreme Court dated 22.07.2022 & 02.09.2022  in the case of Union of India vs. Filco Trade Centre Pvt. Ltd.,  the facility for filing TRAN-1/ TRAN-2 or revising the earlier filed TRAN-1/TRAN-2  on the common portal by an aggrieved registered assessee (hereinafter referred to as the "applicant") will be made available by GSTN during the period from 01.10.2022 to 30.11.2022.  The detailed guidelines in relation to the above have been issued by CBIC through the following Circular: cir-180-08-2022-cgst.pdf (gstcouncil.gov.in)