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Jaitley sure on goods and services tax, Congress unwilling

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PG Staff New Delhi, Nov 4 Finance Minister Arun Jaitley on Wednesday said the passage of the goods and services tax bill was just...
Speaking on the need to do away with “opaque” tax practices in India, the envoy said US companies wanted reassurance and protection for intellectual property

‘Opaque’ corporate tax practices is a hurdle for American investments in India, says US...

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Ambassador Garcetti says improved taxation, and regulatory system would further expand India-US economic ties US Ambassador to India Eric Garcetti on Tuesday said “opaque” corporate...
The food preparation of millet flour containing at least 70 per cent of composition by weight, will have nil GST when sold loose without branding, said FM Sitharaman

GST Council meet: Tax on millet flour scrapped; alcohol for consumption exempted; GST on...

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GST council cuts taxes on millet flour On Saturday, the GST Council exempted millet flour from GST. However, branded millet products will attract a GST...
Show-cause notice pertains to non-payment of GST on the co-insurance premium accepted as follower in case of coinsurance transactions

Rs.1,010 crore GST demand notice given to Bajaj Allianz General Insurance Company Limited

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Bajaj Finserv's insurance arm receives GST's knock; authority sends demand notice of Rs.1010 cr Bajaj Allianz General Insurance Company Limited (BAGIC) has received a show-cause...
Circular clarifies that taxpayers can also adopt for a cross charge mechanism and bill the branches by adopting the value as per Rule 28

Centre issues clarification on input tax, levy of tax on subsidiary company’s shares

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GST council rules that holding shares does not constitute providing a service, so holding shares is not taxable Centre has issued clarification regarding the taxability...
The tax on online gaming companies would be imposed without making any differentiation based on whether the games required skill or were based on chance

GST Council decides to impose 28 pc tax on turnover of online gaming firms,...

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Online gaming to be taxed at 28%, no GST on drugs for rare diseases The all-powerful Goods and Services Tax (GST) Council of India on Tuesday...
What happened in the United States a few years ago, collecting fees from OTT platforms is happening in India now as Telcos see bandwidth issues

Telcos Vs OTTs: India’s Mobile Phone operators demand ‘usage fee’ from OTT operators

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COAI says claims of 'usage charge' violating Net Neutrality principles misleading India’s Mobile Phone operators’ body COAI (Cellular Operators' Association of India) on Monday said...
The tax survey has also thrown up several discrepancies and inconsistencies with regard to transfer pricing documentation, says the I-T authorities

Income Tax authorities say income, profits of BBC not commensurate with operations in India

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The three-day survey found many tax-linked irregularities at BBC, says the I-T dept The income and profits shown by various BBC group entities are "not...
Profit diversion, non-compliance despite repeated reminders the reason for the survey, IT dept says

Weeks after the documentary critical on Prime Minister Narendra Modi, Income Tax Dept conducts...

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I-T authorities survey BBC offices in India amid Modi documentary fallout In an unexpected move, the Income Tax Department on Tuesday conducted survey operations at...
Consulting engineering companies are engaged in the service sector and totally dependent for survival on timely receipt of dues from the clients

Consulting & services sector urge Centre to re-look at GST collection regime

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Delay in receipt of dues from clients adversely affects these organizations The consulting and services sector has urged the Centre to re-look at the Goods...

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