Other Briefings
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.
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.
