30 10, 2016

On GST, Centre must reach out to states to settle differences

By | 2017-04-06T10:48:51+00:00 October 30th, 2016|GST News|

"A lot will depend upon the outcome of the deliberations at the GST Council meetings scheduled for the first half of November" Will the GST era begin on April 1 2017 ? A lot will depend upon the outcome of the deliberations at the GST Council meetings scheduled for the first half of November. There [...]

28 10, 2016

Relaxation of additional fees and extension of last date of in filling AOC-4, AOC-4(xbrl), AOC-4(CFS) and MGT-7 e-forms under the companies act 2013 regarding.

By | 2016-10-29T11:44:23+00:00 October 28th, 2016|Latest Tax Updates|

28 10, 2016

How The Promise Of GST Is Shaking Up India’s Zero Mile City Nagpur

By | 2016-10-28T11:03:51+00:00 October 28th, 2016|GST News|

When Indian retailer Future Group opened a warehouse on the outskirts of Nagpur three years ago to supply its supermarkets, the building was surrounded by dry, barren fields. Now it is only one in an expanse of distribution centres, storage depots and factories. A dusty provincial city of 2.5 million, Nagpur is at the geographical [...]

28 10, 2016

Ways out of the GST maze

By | 2016-10-29T11:13:56+00:00 October 28th, 2016|GST News|

"The GST Council should stick to the original mandate of a uniform, simplified rate structure and uniform tax administration" Centre gets cold feet It is important to remember that States lose their fiscal autonomy under the GST. They will now have limited powers to raise their own revenues and will be entirely dependent on transfers [...]

28 10, 2016

GST Speculation Slows Luxury Car Sales

By | 2017-04-06T10:48:51+00:00 October 28th, 2016|GST News|

"Carmakers prune estimates as people defer buying decision expecting a lower rate" There isn't much to celebrate for luxury car companies this festive season. At the time of the year when sales usually peak, these companies are dealing with a large number of prospective customers who are postponing their buying decision. The reason: continuing uncertainty [...]

27 10, 2016

India’s Ease Of Doing Business Rank Doesn’t Fully Reflect Changes On Ground: Industry

By | 2016-10-28T11:36:08+00:00 October 27th, 2016|GST News|

They observed however that the position may improve significantly with the proposed rollout of the GST from next April as well as the Insolvency and Bankruptcy Code, likely to be implemented by coming December. India being ranked 130 by the World Bank's latest 'Doing Business' report does not fully reflect the significant transformation in the overall business environment [...]

27 10, 2016

A GST rate that can unlock India’s potential

By | 2016-10-28T12:01:50+00:00 October 27th, 2016|GST News|

"By next April, India aims to introduce the dual GST to provide a common nationwide market for goods and services" By next April, India aims to introduce the dual GST to provide a common nationwide market for goods and services. Under the proposed indirect tax reform, both central and state governments will have concurrent taxation [...]

26 10, 2016

Income Tax notices to 82 brokers for client code changes

By | 2017-04-06T10:48:51+00:00 October 26th, 2016|Latest Tax Updates|

"Dept finds tax evasion in unique client code modifications worth Rs 55,000 crore on NSE in cash equity, equity derivative and currency segments in March 2010" The income-tax (I-T) department has issued notices to 82 stock brokers after completing its long-drawn assessment in the case involving tax evasions by brokers through client code modifications on [...]

26 10, 2016

GST will be catalyst for investment inflows: Christophe Sirugue, French MoS for Industry

By | 2016-10-26T11:33:52+00:00 October 26th, 2016|GST News|

On quantum of French investments in India France is the third largest investor in India. French investment stock is well over €20 billion. French companies in India have a significant and diversified presence: most sectors of activity are represented through more than 1,000 entities spread over the Indian territory, employing over 3,00,000 skilled workers. French [...]

26 10, 2016

Centre’s proposals on GST rates find favour with NITI Aayog

By | 2017-04-06T10:48:54+00:00 October 26th, 2016|GST News|

"NITI Aayog vice-chairman Arvind Panagariya on Monday defended the Centre’s proposal of a four-slab goods and services tax (GST) rate structure, beside a cess on luxury and ‘sin’ goods" There is criticism in some quarters that the multiple rates would distort the structure of the proposed indirect tax regime. Panagariya also said the April 1 [...]