Other Briefings
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.
India’s GST Rates for Goods and Services Released ahead of July 1 Implementation
Effective July 1, 2017, the GST will serve as a single value added tax, replacing the current structure of multiple taxes. In this article, we report on the final GST Schedules released for goods and services by the GST Council, and analyze the possible impact on consumers and businesses.
GST Impact on Business in India: New Indirect Tax Administration, Benefit of Common Market
The new goods and services tax (GST) will replace all indirect taxes in India from July 1, 2017. In this article, we look at how the new indirect tax structure impacts companies and the challenges they need to overcome to achieve successful compliance.
India Sets GST Rates, App for July 1 Rollout
India is keen to rollout the GST from July 1; the government has pegged the peak tax rates, fixed tax slabs, and is working on ensuring easy accessibility for all. This article discusses the progress made and further areas that need to be addressed by the government.
Union Budget 2017: Impact on Startups and MSMEs in India
The Union Budget 2017 was presented on February 1 and contains several provisions and amendments that impact startups and MSMEs. Read on to stay updated with the latest tax developments in the sector.
GAAR to Take Effect in India from April 2017
General Anti-Avoidance Rules (GAAR) will take effect from April 1, 2017 in India and are aimed at plugging taxation loopholes. This article discusses the scope of GAAR norms as India seeks to align its tax avoidance regulation with international best practices.
