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GST and the GIFT IFSC Unit: Zero Rating, Exports and the “Authorised Operations” Trap
For indirect tax, a GIFT IFSC unit is not a special species. It is an SEZ unit, and the GST treatment of GIFT IFSC units follows from that classification, read with two questions:
Relocating an Offshore Fund to GIFT IFSC : The Tax-Neutrality Conditions
Moving a fund is not like moving an office. The relocation of offshore funds to GIFT City can involve two potential capital gains tax events: the fund’s transfer of assets to a n
Schedule VI: Which GIFT IFSC Income Is Exempt for Non-Residents, and on What Conditions
Most published summaries of GIFT IFSC tax benefits describe exemptions that belong to investors rather than to the IFSC unit itself. Under the Income-tax Act, 2025, those investor-
GIFT IFSC Tax Implications: Minimum Tax, Dividends and TDS
A GIFT IFSC tax deduction under Section 147 of the Income-tax Act, 2025 does not eliminate every tax liability. Even if an eligible GIFT City IFSC unit claims a 100% deduction, it
Twenty Years, Not Ten: GIFT City Tax Holiday Under Section 147 After the Finance Act, 2026
The phrase “GIFT City tax holiday” conceals three legal questions that decide whether anything is actually exempt: which entity qualifies, which income qualifies, and f
IFSCA Enforcement Powers: Investigation, Penalties, Cancellation and Appeals
When an entity in GIFT IFSC receives a show-cause notice from the International Financial Services Centres Authority (IFSCA), one of the first questions is which statute governs th
Setting Up in GIFT IFSC: The Letter of Approval, IFSCA Registration and the SWIT Process
Setting up in GIFT IFSC requires two distinct approvals: a Letter of Approval to operate as a unit in a Special Economic Zone (SEZ) and the applicable licence, registration, recogn
Inside India, Outside for FEMA: The Legal Status of a GIFT IFSC Unit
A company incorporated in GIFT IFSC is an Indian company. For foreign exchange purposes, however, it is treated as a person resident outside India. It also sits within a Special Ec
One Regulator, Fourteen Statutes: How the IFSCA Act, 2019 Allocates Regulatory Power in GIFT IFSC
GIFT IFSC is often described as having a “unified regulator”. That is accurate but incomplete. The International Financial Services Centres Authority (IFSCA) did not re
Setting Up a PMS / FME in GIFT City IFSC: IFSCA Registration & Compliance Timeline
Executive Summary The emergence of the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) as India’s premier offshore financ
