Other Briefings
Reverse Charge Mechanism in the Import of Services under GST
The new Goods and Services Tax (GST) regime introduces the reverse charge mechanism (RCM) to ensure the government receives tax on supplies of goods and services by unregistered suppliers. This article briefly discusses the mechanism.
Flexi-Staffing Industry in India: GST Impact, Regulations
Under GST, the tax rate on all staffing firms is pegged at 18 percent. This article discusses the impact of GST on the flexible staffing industry, and its impact on doing business in India.
Exporters in India Suffer under GST Regime – Delays in Refund Processing, Malfunctioning System
Exporters in India are facing a major working capital crunch under refund rules of GST law and the malfunctioning of the GSTN system. We briefly discuss these challenges and the government response.
Anti-Profiteering under GST in India: Regulatory Measures and Compliance for Business
Under the GST regime in India, benefits of tax rebate obtained by sellers or service providers must pass on to final consumers through anti-profiteering compliance. The article explains the anti-profiteering regulation and compliance requirements for businesses in India.
MAT Audit in India: Tax Department Notifies Revised Reporting Form 29B
India’s income tax department has notified the revised Form 29B for Minimum Alternate Tax (MAT) audit reporting under the Income Tax (22nd Amendment) Rules 2017. This article tracks the latest tax update, and briefly explains the application of MAT in India.
Five GST Myths Busted
The goods and services tax (GST) – the biggest tax reform in India – came into effect July 1, 2017. This article notes five key facts for businesses to clear prevailing misconceptions and myths surrounding the GST.
GST Timeline: 2000-2017
A historical timeline of the key developments and concerns, including political actors involved, legislative decision-making, constitutional amendments, and economic judgments — that culminated in the implementation of the Goods and Services Tax (GST) in India from July 1, 2017.
Tax, Accounting and Audit in India 2017-18: New Publication from India Briefing
Tax, Accounting, and Audit in India 2017 is out now and available for download from the Asia Briefing Publication Store, and offers a comprehensive overview of the major taxes that foreign investors are likely to encounter when establishing or operating a business in India.
