Tag: indirect tax
Angel tax: Experts suggest safe harbour for investment via convertible preference shares too
The I-T department’s draft rules on valuation of funding in unlisted startups for calculating ‘angel tax‘ will bridge the gap between the rules outlined in…
gst: Centre, state tax officers launch special drive to identify fake GST registration, curb evasion
With GST evasion crossing over Rs 1 lakh crore in 2022-23, Centre and state tax officers have initiated a two-month long special drive to identify…
Place of control determines a companies tax jurisdiction: Supreme Court
The Supreme Court ruled that mere domicile or the registration of the company does not create residence, but the intrinsic test is where central control…
GST on transportation services – navigating through turbulent waters
GST on services by way of transportation of goods by aircraft / vessel is certainly on a roller-coaster ride these days. The story began in…
GST audit checklist: Ensuring compliance and mitigating risks
With never ending changes in the law in the GST regime, digitalisation of compliances and the pace with which the international trade is growing, make…
Tax Revenue: Tax mop-up likely to fall short of revised estimate: Official
The government may not achieve a revised tax collection target of Rs 30.43 lakh crore for the current financial year, a top official said. Revised…
GDP growth may print at about 4% in Q4, says new report
Pencilling in just 4 % GDP growth for the fourth quarter, a rating agency report has said the final growth numbers for the full year…
India fiscal defict: FY23 fiscal deficit: FinMin monitoring daily receipts, expenses in March
The finance ministry has started daily monitoring of the revenue receipts, including tax collections, as well as expenditure beginning March 1, with an aim to…
CBIC may consider e-filing of pleas as GSTAT not ready yet
The Central Board of Indirect Taxes and Customs (CBIC) is considering allowing e-filling of petitions from aggrieved taxpayers as the setting up of GST Appellate…
gst: GST Council adopts GoM report on setting up tribunals with modifications
Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council adopted the report of the Group of Ministers on GST Appellate Tribunal with certain…