Other Briefings
POEM to Determine Tax Residency in India from April 2017
The Central Board of Direct Taxes (CBDT) recently finalized the guidelines for Place of Effective Management (POEM) regulations in India, which will come into effect from April 1, 2017. In this article, we discuss the new POEM norms and how it compares with international standards.
Will India Change the Dates of its Financial Year?
The government is considering a plan to change its financial year to a January-December period. If enacted, the reform will benefit the agriculture sector, alleviate the economic impact of the monsoon, and align India’s financial year with more than 156 countries.
Service Tax for Internet Based Services in India from December 2016
The Indian Government has decided to tax cross-border internet based service providers such as digital content, online gaming, and cloud services companies. Learn more about the types of services and businesses affected and how companies can pay such taxes.
Lower Income Tax on Digital Turnover for Small Businesses in India
The Indian government announced lower income taxes on digital earnings of small business with a turnover of US$ 294,771 towards developing the cashless economy. Learn more about how such businesses can benefit and increase their bottom line.
Simplifying Personal Tax Filing in India – Digital Solutions and New Initiatives by the Government
India’s tax department has launched various initiatives to improve the personal tax filing interface in the country. This article highlights some of the new initiatives begun by the government and points to the need for a similar overhaul in the post-filing set up for businesses in India.
Taxation of Job Work under the Model GST Law
The Model GST Law (MGL) enhances the scope of the category of ‘job work’ in India as it seeks to widen the country’s taxpayer base. This article examines the change in definition, clarifications for principal manufacturers, and calculation of input tax credit with respect to inputs sent for job work.
Tax, Accounting, and Audit in India 2016-2017: New Publication from India Briefing
Tax, Accounting, and Audit in India 2016 – 17, out now and available for download in the Asia Briefing Bookstore, offers a comprehensive overview of the major taxes that foreign investors are likely to encounter when establishing or operating a business in India.
GST in Indian Taxation: A Paradigm Shift
After decade long deliberations, the landmark passage of India’s GST Constitutional Amendment Bill reinstates hope for a uniform system of indirect taxation throughout the country. In this article, we examine the impact of GST on the Indian economy.
