Govt Expands Scope of Financial Services at IFSC GIFT city; Notified 4 Additional Services!
Banking & Finance
As per a gazette notification issued by the Ministry of Finance, various services, including book-keeping, accounting, taxation, and financial crime compliance, have been included as part of financial services. The government has expanded the scope of activities that can be undertaken at the International Financial Services Centre (IFSC) by including services such as book keeping, and accounting. Various services, including book-keeping, accounting, taxation, and financial crime compliance, have been included as part of financial services.
These 4 additional services will be provided through units in GIFT City or IFSC, regulated by the International Financial Services Centres Authority (IFSCA) with tax benefits available to the entities.
These services can be rendered to non-residents (persons resident outside India under the Foreign Exchange Management Act, 1999) whose business is not set up by splitting up or reconstructing or reorganising a existing business in India.
.Existing units within the IFSC at GIFT City can also avail of these services
About Gujarat International Finance Tec-city co. ltd. (GIFT-City):
MD & Group CEO – Tapan Ray
Chairman – Dr. Hasmukh Adhia, Headquarters– Gandhinagar, Gujarat
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