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SPECIFIED PREMISES DEFINITION
GST Council clears process reforms for taxpayersThe GST Council has approved structural and process reforms for small taxpayers, including auto refunds and prefilled returns by October. A...
KISSing those crazy GST slabs byeThe GST Council has streamlined the tax structure, introducing a 0%, 5%, 18%, and 40% tier system, eliminating the 28% slab except for luxu...
18% GST instead of 5% to be charged on dining in a hotel if room rent per night is above this; know how much more it will cost?GST: From April 1, 2025 restaurants inside hotels will have to charge 18% GST from customers instead of 5% previously if the said restauran...
Restaurant services in hotels with room rent above Rs 7,500/day fall under 18 pc GST: CBICHotels charging room rent above Rs 7,500 a day will be considered 'specified premises' from April 1, 2025. Restaurant services in such prem...
Analysing the new labour codes: Impact on employee work hours, leave and overtimeThe Labour Codes replace over 30 central legislations to simplify and modernise labour laws in India, with an emphasis on ease of doing bus...
DoT imposes new KYC riders for biz connections, move aimed to prevent online fraudDoT instructs telcos to monitor and disconnect business connections if misused, providing limited call/SMS/data facility with a one-year va...
DoT clarifies: Telecom companies need to pay fee only on core activitiesThe latest clarification brings big relief to a debt-laden industry as carriers need to pay 8% of AGR as license fee, experts said. They es...
GST Council to decide on taxation on online gaming, definition of MUVs; tighten norms for registration, ITC claimsThe Indian GST Council is scheduled to discuss several matters at its upcoming meeting. These include regulating online gaming taxation, de...
50th GST Council meet gets underway; taxation of online gaming, utility vehicles on agendaThe 50th GST Council meeting started on Tuesday and is likely to deliberate on a host of issues including taxation of online gaming, defini...
Taxation of Permanent Establishment (PE) in India: When it's applicable and its impactThe tax on foreign entities in India is based on different aspects such as place of income, source of income and presence of the entity in ...
TDS, TCS rates cut to put cash in your hand but your tax liability remains sameA reduction in TDS, TCS rates does not mean reduction in the tax liability of the receivers of these payments/incomes.
View: Big companies should not wriggle out of contractual obligations by using the clause of force majeureTypically, these notices are served on smaller associates deemed least able to challenge them. It would be interesting to know what GoI has...
Lockdown effect: Restaurants, cinemas & retailers at malls seek zero rentals till MayThe ₹4.2 lakh crore restaurant industry, which employs over seven million people, is staring at store closures, job losses, and significant...
What telecom companies expect from Budget 2018Telcos feel financial stress levels could ease significantly if the Budget paves the way for cuts in key telecom levies such as SUC and lic...
Demonetisation, GST to widen tax base & help meet fiscal targets: Shaktikanta Das"In the recent years, compliance (to the fiscal deficit targets) is definitely strong. Demonetisation, GST will widen tax base and hopefull...
NALSAR varsity issues first gender-neutral degree in India to Anindita MukherjeeMukherjee had requested the authorities to address her as 'Mx' in her certificates, which has probably become the first Indian educational ...
Changes made by the Modi government will hurt millions of people: Jairam Ramesh"By no stretch of imagination can I be described as a communist, but there is a clear class element in the opposition to the land law."
The Securities Laws Bill: Amendments & their legal implicationsThe Securities Laws (Amendment) Bill, 2014, also provides more teeth to the Securities and Exchange Board of India to take on promoters who...
Provisions relating to Finance Bill, 2011The provisions of the Finance Bill, 2011 relating to direct taxes seek to amend the Income-tax Act, 1961.
- Service tax burden on renting of immovable property unjust
Even before the wound caused due to levy of service tax in the recent Budget on renting of immovable property was yet to be healed, here is...