Explore significant challenges taxpayers face in India’s GST system since 2017, along with recommendations for improvement and their impact on businesses.
Stay informed about the recent GST changes effective from 30 March 2022. Learn about the amendments under the Finance Act, 2022.
In the Supreme Court’s judgment in Paramvir Singh Saini vs. Baljit Singh and Ors. [SLP (Criminal) No. 3543 of 2020 decided on 02-12-2020], the Union of India has been directed to install CCTV cameras and recording equipment in the offices of CBI; NIA; ED;NCB;DRI;SFIO; and any other agency which carries out interrogations and has power […]
Honourable F.M. Mrs. Nirmala Sitharaman unveiled the budget 2021-22 and also issued Finance Bill covering various tax proposals. Overall, our view is that it is a balanced and a progressive budget presented by the government which will go a long way in the overall development especially the physical and the health infrastructure of our country. […]
No Interest u/s 234B can be levied on the assessee-payee on the ground of non-payment of Advance Tax: ITAT Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no interest under section 234B can be levied on the assessee-payee on the ground of non-payment of advance tax. The appellant, M/s Huawei Technologies Co. Ltd is […]
India issues comprehensive guidance on cross-border tax dispute resolution India on 7 August issued detailed guidance on the procedure for resolving cross-border tax disputes under the mutual agreement procedure (MAP) set out in India’s tax treaties with other nations. The guidance addresses critical issues that arise during the MAP process, benefiting not only taxpayers and […]
India continues to be an attractive destination for the investors, including non-resident Indians (NRIs). Investments made by NRIs are generally treated as ‘foreign investment’ from the Indian foreign exchange regulations perspective. These regulations have been liberalized over the years and have facilitated remittances from overseas, making India one of the top recipients of foreign remittances […]
The growing digital economy has caused an explosion in indirect taxes rules around the globe and this has created both complexity and opportunity. The Asia Pacific (Asia Pac) region is no exception to this phenomenon. Very soon the number of countries with electronically supplied services (ESS) (or remote services) rules will exceed 100 and this […]
The main objective of PM eVidya program is to educate students through digital platforms so that the education of students does not suffer due to nationwide lock down.
Coronavirus outbreak was first reported in Wuhan, China on 31 December, 2019. Before reading in detail about the impact, first, let us study about coronavirus. Coronavirus (CoV) is a large family of viruses that causes illness. It ranges from the common cold to more severe diseases like Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute […]
