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UDAY PIMPRIKAR
Industry bodies and MNCs seek deferment of mandatory e-invoicing till JanuaryAs per a survey conducted by Assocham, over 90% of its members have sought for the extension. "We have requested the government to introduc...- Tax dept wants cos to pay GST on non-compete feeSeveral private equity firms, strategic investors and others that have bought businesses and entered into these contracts with the sellers ...
- Govt panel favours 2 GST slabs, rate rejig for some itemsThe panel suggested two slabs of 10% and 20%. Alternatively, some goods could be moved from the 18% slab back to 28%, the panel said in a p...
- Taxman demands GST on brands, logosThe taxman has reportedly asked the companies and banks to value brands and logos and charge fees from subsidiaries.
- Taxman starts questioning & issuing notices to BPOsIndustry trackers fear that more and more companies may now be issued notices and questioned.
- Telecom companies want GST on spectrum, licence fees scrapped or refund of input creditsCOAI plans to write to the DoT to explain how their burden will ease if payment of regulatory levies by telcos is exempted from GST, people...
- Telcos get notices on inflated input credit claims under GSTThe indirect tax dept has issued notices to all the major telecom companies for claiming additional transitional credit for capex incurred ...
- FMCG suppliers move court as sops go missing in tax exempted zonesUnder the erstwhile tax regime, manufacturers who would invest in some areas would get indirect tax exemptions from the state governments –...
- Some amount of levy could be given to large cos to allow slightly faster credit: Uday PimprikarIn the longer run, everybody is convinced that it is the way to go and the intent is clearly there but will it happen in a jiffy?
- GST: How to safeguard your financial data on the InternetThis means an entire segment of companies, which till now may have never turned on a computer, suddenly find themselves having to navigate ...
- Indian shippers say they have to pay 5% levy while foreign cos operate tax-freeThis puts the Indian companies at a disadvantage compared to foreign companies that can carry out same activities without any taxation in I...
- GST: India Inc faces complex input tax creditUnder the matching concept provisions, the onus continues to remain on the buyer to check whether the seller has paid GST.
- Amenities to employees outside CTC may trigger GST liabilityGST would be payable by the company if there is a supply to an employee of free goods and services over and above the CTC, which is a stipu...
- Banks ask govt to amend draft GST lawBanks including, SBI, ICICI and HDFC, have approached the government to modify the GST framework involving self-supply of services, say peo...
- ET Markets Roundtable: How GST can transform IndiaA special session of ET Markets Roundtable saw six experts laud GST as a gamechanger, but many were sceptical about implementation from Apr...
- Rajya Sabha clears GST Bill, tower companies may lose out on Rs 2,000 crore in annual savingsSince tower companies, typically, are huge consumers of diesel, continuation of central excise duties and state sales tax levies would have...
- Tower cos may miss out on Rs 2K cr savings if petro-products remain out of GST ambitSince tower companies, typically, are huge consumers of diesel, continuation of central excise and state sales tax levies would have a casc...
- Budget 2016 a mixed bag from an indirect tax perspective: Uday Pimprikar, EYThe Budget, from an Indirect Tax perspective, has sought to primarily focus on incentivising ‘Make in India’, promote ‘ease of doing’ busin...
- Film city on radar as Arvind Kejriwal looks to make Delhi a film- making hubMeeting a delegation of film producers and promoters, the chief minister also asked them to come up with a draft proposal on a film and tou...
- Upside coming from FTWZ segment: Uday Pimprikar, Arshiya International"The infrastructure project in Delhi, the FTWZ in Delhi, is almost operational. We expect it to be operational in the next almost a month o...
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