Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 16 dated November 9, 2016 giving certain exemptions to foreign tourists visiting India. In super session of instructions issued therein, it has been decided that foreign citizens (i.e....
GST Advisory on Payment via Credit Card or Debit Card & UPI effective from 19/01/2024
Demonetisation to help revive affordable housing segment
Demonetisation will help revive the latent demand in the housing sector as people now hope to buy houses in transparent deals, said Sriram Kalyanaraman, managing director & CEO, National Housing Bank. In an exclusive chat with ET's Saikat Das, Kalyanaraman said...
GST To Spur Double Digit Growth in Hiring Across Sectors.
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...
E-commerce Firms Like Flipkart and Snapdeal to Deduct TCS Under GST
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...
Liberalization of Foreign Direct Investment – Other Financial Services
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...
GST Offer Opportunity To ‘Go Digital’
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...
Fintech Companies Can Now Cash in on GST Platform Services.
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,...
Received Expensive Gift This Diwali ? You Should Know These Tax Rules
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...
GST Council Fixes Rate Structure: All You Need To Know About The Extremely Complex Tax Reform.
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...