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GST REVERSE CHARGE
Delhi HC rules EY US secondment fees taxable in India, MNCs face higher costs for foreign talentMultinational corporations in India face a new tax challenge following a High Court ruling against EY US. The court determined that payment...
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
Gold vs silver: Where to put Rs 1 lakh today? Experts suggest allocation strategy as gold-silver ratio drops below 55An ideal allocation between gold and silver should depend on an individual’s risk appetite, financial goals and investment goals, Guha unde...
How cashback credit cards are shaping everyday spending habitsIDFC FIRST Bank's FIRST EARN and Hello Cashback credit cards offer straightforward cashback on daily transactions, maximizing savings witho...
SC reviews GST on costs paid to municipal bodiesThe Supreme Court will review if GST applies to companies paying municipal bodies for road restoration after utility work. This follows a G...
New launches, capacity hike to lift Maruti Suzuki facing a war squeezeMaruti Suzuki's March quarter net profit declined due to mark-to-market losses, input costs, and production constraints. The company is exp...
Government exempts IGST on ocean freight from October 1KPMG Indirect Tax Head & Partner Abhishek Jain said the amendments proposed are aligned with the apex court's ruling in the case of Mohit M...
Government gives time till May 31 for Goods Transport Agencies to opt for GST paymentGoods Transport Agencies (GTA) in India have until May 31 to exercise the option of paying Goods and Services Tax (GST) on a forward charge...
Only GST-registered tenants face rent taxThe new norms stipulate that from July 18, when an 'unregistered person' (for example, a salaried individual or small businessperson) gives...
Cash crunch to remain an issue and GST pose a challenge for startups: LocalCircles surveyAs per the survey, 53% and medium and small enterprises see funding/loans and finding growth as top challenges in 2021.
GST trouble for aviation, hospitality and travel companiesAs per the GST framework, the burden of tax payments on certain services and raw materials used in the input or making of the product is on...
11% startups thinking about moving abroad, says LocalCircles surveyThe survey, conducted by community platform LocalCircles in which over 4,400 entrepreneurs participated, found that 11% of respondents were...
Building construction: Getting smart with GST and Reverse ChargeGiven that there is a large set of "unregistered" parties in this sector, the concept of reverse charge in GST carries significance.
GST provisions on TDS/TCS, reverse charge mechanism deferred by 3 monthsThe GST Council had suspended the provision for deduction of TDS and collection of TCS, as well as implementation of reverse charge mechani...
FinMin clarifies on return filing by businesses opting for composition schemeThe ministry, in a statement said, doubts are being raised about the manner of filing the quarterly return by composition dealers in Form G...
Government collects only Rs 335 cr under GST Composition scheme in one quarter"A total of 8.10 lakh returns were filed by Composition Dealers paying a total of Rs. 335.86 crores as GST," said Ministry of Finance in a ...
GST composition scheme may come under reverse charge mechanism to curb evasionUnder the reverse charge mechanism, a person receiving goods or services collects the GST levied and deposits the tax with the government.
Government banks on 2 tools to crack whip on GST evaders“We are slowly tightening the noose and these two steps alone will help us increase our collections by around 25%,” said a senior governmen...
Legal services of advocates, firm of advocates liable to GST under reverse chargeLegal services, including representational services, provided by advocated are covered under reverse charge of GST, it said.