India’s Presumptive Taxation Scheme: SMEs and Professionals Key Beneficiaries
India allows SMEs and professionals to file their taxes under the presumptive taxation scheme if they meet certain qualifications.
GST Reforms in the Works, Businesses in India Remain Hopeful
One year since the GST rolled out in India, businesses seek key changes in way the indirect tax system operates.
CBIC Announces PAN-Based Refund Clearances for Exporters in India
India’s indirect tax and customs department, CBIC, is working to clear long-stuck GST refunds for exporters, including through PAN-based clearance and a special refund fortnight till June 14, 2018.
Taxation in India: Changing Rules, Trends in Taxation
Despite India’s high tax burden, foreign investors should pace themselves; the country offers a variety of regional and sector-based incentives to boost its competitiveness.
India’s Tax Incentives for Business, Industry, and Exports
India provides a range of tax and non-tax related benefits to foreign investors. These may be industry-specific, location-based, or export-linked incentives.
GST Returns for Regular Business Entities in India
We discuss the GST returns forms to be submitted by all regular business entities in India and compliance requirements under the GST system.
GST Compliance for Input Service Distributors, TDS, TCS in India
We discuss the GST returns for input service distributors, TDS for purchasers of goods and services when making payments to suppliers, and TCS for e-commerce operators in India.
GST Compliance for Non-Resident Businesspersons, Diplomats, UN Personnel in India
Last year saw an overhaul of the indirect tax system in India with the establishment of the goods and services tax (GST). Here we discuss GST compliance for non-resident businesspersons and diplomatic missions in India.