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REVERSE CHARGE LIABILITY
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
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...
Despite getting Rs 20 lakh alimony in divorce settlement, wife continues criminal cases against husband, in-laws; HC quashes case as abuse of processA woman received Rs 20 lakh in permanent alimony as part of a divorce settlement. Despite agreeing to withdraw all cases, she continued cri...
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...
Rules in the works to enable G-Sec, repo deals by insurersInsurers will soon be able to undertake repo and government securities lending transactions. The insurance regulator is developing an opera...
Top cases on the United States Supreme Court's docketThe U.S. Supreme Court is reviewing significant cases. These cases cover voting rights, presidential authority, immigration policies, and g...
Adani Enterprises & other Adani Group stocks rise up to 5% after US drops charges against Gautam AdaniAdani Group shares surged as US prosecutors dropped criminal charges against Gautam Adani and his nephew. This development concludes a 19-m...
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...
Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...
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...
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...
Mineral mining rights liable to GST: AARThe ruling was given on an application filed by Pioneer Partners, engaged in mining of boulders and extraction of minerals, which had secur...
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...
GST: Govt issues clarification to address service tax issues, misses key concernsThe Government has come out with a circular, which is raising more questions than it is trying to answer.
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.
Sale of old gold jewellery will not attract GST on exchangeHowever, if an unregistered supplier of gold ornaments sells it to registered supplier, the tax will apply under reverse charge mechanism.
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.
Investor group questions Essar Oil-promoter co dealThe transaction relates to the transfer of tax liability worth thousands of crores from Essar Oil to Essar House and its subsequent reversa...