The implementation of the Goods and Services Tax (GST) will lead to 11 per cent growth in hiring activities, says a report released on Tuesday. HR services provider TeamLease said that GST would not only have a positive impact on the ease of doing business but also propel formal job creation. “Adoption of GST will …
E-commerce operators like Flipkart and Snapdeal will have to deduct TCSBSE -1.02 % (tax collected at source) while making payments to their suppliers, according to the new model GST law, which has done away with the definition of ‘aggregator’. Explaining the changes in the provision, experts said the proposal will increase the compliance burden …
Department of Industrial Policy & Promotion in order to provide easy finance to the Indian Industries has liberalized the Foreign Direct Investment (‘FDI’) limits in Non-Banking Financial Company. Para 5.2.26 of the Consolidated FDI Policy has been replaced with the following para subject to specified conditions in chartered accountant firms in mumbai: Before Circular: Foreign …
The countdown to the roll-out of the goods and services tax, or GST, has begun. The government, enterprises, regulators and consumers are gearing up to handle the tax implications of “one-country one-market structure”. A lot has already been written about how enterprises can prepare for GST. However, in my opinion, GST is not just a …
The GST Network has devised a strategy to rope in fintech companies as well without compromising the security of the system.
GSTN, a not-for-profit entity, which is building the IT backbone for the revolutionary tax reform of Direct foreign investment in India, plans to enable such companies to offer services too, however, they will not get direct access to the GSTN. Instead, their services will be routed through NSDL, the National Securities Depository.
It has also been mandated for the other approved service providers to provide their back-end for any startup that wishes to provide GST services.
Original Source: http://bit.ly/2efTXm0
Follow my blog with Bloglovin Gifts can be in the form of cash, movable property (car , jewellery, art work, etc.) or immovable property (land /building). But the rule doesn’t apply in all cases; there are a few exceptions. The festive season has begun and the marriage season will begin soon. Receiving and giving gifts …
The country moved one step ahead in realising the GST dream when the GST council on Thursday decided to fix a four-tier rate structure for the reform touted to be the biggest after the economic. While the structure and decisions taken have been welcomed by a section of industry and experts, it had its share …
Valuation is an important part of litigation in Mergers & Acquisitions and involves an element of subjectivity that often gets challenged. More so, as in India, there are not many regulatory standards for business valuation specifically for unlisted and private companies, so in many cases the valuation lacks the uniformity and generally accepted global valuation …
The Government’s plan to roll out Goods and Services Tax (GST) from April 1, 2017, has moved an inch closer to reality with the Hon’ble President Shri. Pranab Mukherjee signing the Government’s flagship GST Bill Recently . The much-awaited GST now becomes a law with President signing the GST Bill after more than 16 States (BJP-ruled …
A meeting of the empowered committee of state finance ministers convened by finance Minister Arun Jaitely also agreed to include in the constitutional Amendment bill the mechanism of compensating states for any loss of revenue in first five years of GST subsuming all indirect taxation firms in India levies including VAT. Making headway on the long …