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INDIRECT TAX KPMG
Big Four firms' India operations shine amid global slumpIndia's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reporte...- Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsRajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying person...
- The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
- GST collections rise 3.2% to ₹1.94 lakh crore in May; import-led revenues drive growthIndia's GST collections hit an impressive ₹1.94 lakh crore in May 2026, showcasing a 3.2% rise primarily driven by robust imports of essent...
- CBIC notifies the Customs Valuation Rules 2023, effective from February 11The Central Board of Indirect Taxes and Customs (CBIC) will come out with a list of 'identified goods', which will be subject to stricter s...
- Unregistered persons can claim tax refunds for cancelled contracts on GST portalKPMG in India, Partner Indirect Tax, Abhishek Jain said in line with the GST Council recommendation procedure to claim a refund of tax born...
- CBIC issues draft rules for Customs valuationThe specified goods will be the list of items, selected by the Board where it has reason to believe that the value of such goods may not be...
- GST council extends tenure of anti-profiteering bodyThe 35th Council meeting was the first to be chaired by the new finance minister Nirmala Sitharaman.
- Temp hiring numbers surge as GST helps formalise economyThe number of new temp jobs is likely to touch 300,000, up from 130,000 last year, they estimate.
- Inter-state office services to attract GSTCompanies with offices in multiple cities will need to raise invoices for in-house services and pay GST.
- It is good government is rolling out E-Way Bill in a staggered manner: Sachin Menon, KPMG“There are various areas where the answer is still not very clear.”
- E-way bill portal crashes, forcing govt to extend trial periodThe bill, a key element of the GST regime, is a complex new digital document and tracker of cargo transportation by road.
- Government sets aside Rs 10,000-cr tax demand on tech companiesThe service tax department had earlier asked about 200 companies to return export benefits claimed during 2012-2016 on software provided to...
- E-way bill concern: Why moving goods under GST can come to a grinding haltCore of GST is to have unrestricted movement of goods across the country and make one common market. But this provision will impede the mov...
- GST anti-profiteering clause has companies worriedWhile pre-GST figures (such as profits) will be compared with the post-GST numbers, the basis of valuation itself will be different under t...
- Service contracts set to be renegotiated under GSTExperts point out that GST will impact several sectors like infrastructure and real estate. In some cases the contracts are already being r...
- GST may increase compliance, boost revenue from higher collectionsThe government budgeted collection of Rs 8.47 lakh crore from direct taxes and Rs 7.79 lakh crore from indirect taxes, including customs, e...
- 3-tier GST to increase tax burden on common man: ExpertsThe proposed three-tier Goods and Services Tax (GST) structure unveiled by Finance Minister Pranab Mukherjee on Wednesday will increase the...
- High corporate tax can affect FDI inflow: KPMGHong Kong, Singapore, Malaysia with their lower corporate tax rates, can provide stiff competition to India for attracting FDI.
- Hidden taxes discolour white & brown goodsConsumers in India are hoping for a better deal from finance minister P Chidambaram this time round as he gives final touches to Budget 200...
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