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GST: Post-supply discounts or distress?Considering the fact that the full amount of GST as applicable on the original transaction value remains paid to the government, there is n...
Global tax company Andersen Zeroes in on four firms for India forayWTAS itself was formed when 23 Arthur Andersen partners joined hands after dissolution of the firm in 2002 and formed a company that was su...
BMR Advisors' tax team set to merge with DeloitteOn Monday, Deloitte team got the required internal approvals to go ahead with the merger and key partners were informed about the deal, sou...
Deloitte, KPMG & PwC in close race to acquire BMR AdvisorsAccording to the last known conversations, the Rohit Berry group was leaning towards KPMG, while the tax team led was seriously considering...
Goods done, GST Council seals tax rate on servicesThe four slabs for services are in line with the tax rates for goods - 5%, 12%, 18% and 28%. Only five services will attract a 28% levy.
GST rates will bring cheer to industry, say expertsThe GST Council, comprising state finance ministers and headed by Union Finance Minister Arun Jaitley, today finalised the rates on a host ...
Budget 2017: Local Manufacturing will see changes in their customs & excise duty structureImporters won’t have separate conditions for getting their goods from courier or postal terminals at the ports.
Deferring GST roll out pragmatic, industry gets clarity: ExpertsDeloitte Haskins & Sells LLP Senior Director (Indirect Tax) M S Mani hoped that the final legislation with relevant rules is available to b...
Multi-layered GST complicated but unavoidable, say tax expertsSome said the multi-layered GST is too complicated and undermine the key benefit of this reform, while others said having different tax sla...
Expert view: Key takeaways from the new GST ratesIn lowering the rate on common use items from expected 6% to revised rate of 5%, the interests of common man seem to have played a key role.
A myth that GST will negatively impact SMEs"Much aligned to this objective, Model GST law released by the Ministry of Finance seeks to bring each person with an aggregate turnover of...
As GST approaches the final hurdle, here's a look at India Inc's wish list"From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods," Ficci said.
Labour unions ask government to stop process of labour reformsLabour unions on Monday asked government to stop the process of labour reforms in the name of ease of doing business.
GST possible in 2016, but Rajya Sabha nod holds key: ExpertsThe Goods and Services Tax (GST), which is proposed to be implemented from April 1 next year, will subsume excise, service tax, state VAT, ...
- 3-tier GST to increase tax burden on common man: Experts
The proposed three-tier Goods and Services Tax (GST) structure unveiled by Finance Minister Pranab Mukherjee on Wednesday will increase the...
- Land value may be kept out of under-construction houses' tax net
The finance ministry may exclude land value from the ambit of a new tax on under-construction houses, potentially taking the sting out of t...
- State FMs, Centre inch closer to blueprint for reducing CST
The time table for the reduction in central sales tax from 4% to 3% is on schedule with the empowered committee of state finance ministers ...