Foreign direct investment (FDI) in the country declined by 25% to $2.04 billion in January compared to the same month last year, snapping a trend of positive growth in the previous three consecutive months. “There is no specific reason why the inflows in January dipped,” an official said, adding India's total FDI by the end of 2009-10 will not be more than the last fiscal’s. In January 2009, FDI inflows were $2.73 billion. India attracted foreign direct investment of $2.33 billion in October 2009, about 56% up over the same month last year, while in November FDI surged by 60% to $1.73 billion. The FDI increased by 13% to $1.54 billion in December from $1.36 billion in the year-ago period.
Refund is an integral part of Goods and Service Tax law since it is the government reimbursement of taxes to a taxpayer. Thus, the taxpayer as well as the refund authorities have to be fully ac More
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