Other Briefings
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.
After GST, Services Sector Face New Challenges in India
The Goods and Services Tax (GST) is the biggest tax reform that is aimed at unifying and simplifying India’s complex tax structure. However, in short run it is set to have varying effects on different industries. In this article, we discuss the challenges that GST poses to India’s service industry.
GST Returns Filing in India: All You Need to Know
The GST gets rolled-out on July 1, and will replace India’s current system of indirect tax. In this article, we provide a brief description of the types of returns that will need to be filed once the goods and services tax is launched, and the various categories of tax payers recognized by the GST system.
Indian Government Notifies New Safe Harbor Rules
On June 7, 2017, the Central Board of Direct Taxes (CBDT) in India revamped the safe harbor rules to enlarge the scope of transactions under it. In this article, we discuss what these rules mean and the revised provisions under it.
