tax

Government introduces the new Rule 86B in GST Rules, as per which businesses will no longer be allowed to make use of input tax credit for discharging GST liability to 99%. In order to curb tax evasion by faking invoices, the Central…

TDS of 1% will be levied on all payments made to e-commerce participant/sellers/retailers by e-comm operators (Amazon, Flipkart, etc), under the Section 194-0 from October 1, 2020. With the number of vendors enrolling themselves with…

Alert! Work From Home Will Increase Income Tax For These Employees: How To Handle This? With work-from-home norm becoming such a comfortable part of today’s work lives, as uncanny as it may seem, is turning out to shoot up tax…

Govt Imposes Google Tax On Foreign Ecommerce Portals! 2% Tax On All Transactions For Amazon, Walmart The Income Tax Department has now tweaked the challan for payment of equalisation levy and broadened its scope. It now includes…

Netflix, Amazon Can Become Costly As Govt Plans To Impose Extra Tax On Foreign Firms As per the reports, recently, India has introduced an enabling provision that will make an overseas platform that advertises, streams or sells goods to…

Income Tax Alert: Govt Will Remove All Exemptions; NRIs Will Be Forced To Pay Income Tax! As per the reports, the Finance Minister Nirmala Sitharaman has moved a proposal in the Union Budget aimed at taxing non-resident Indians (NRIs)…

According to a new report, an unnamed Govt. source has claimed that Chinese are behind this whole movement to stop GST adoption in the country

Companies as well as freelancers who offer their services outside, are termed as Service Exporters. Since they are not required to register under GST, are they exempt?

Early this year, World’s largest tech company, Apple, had demanded an avalanche of goodies from Indian Govt., for establishing a manufacturing base in India. Some of the demands included 15 years custom holiday, ‘Always Open’ customs…

Demonetization drive initiated in the month of November was way more than just flushing out old currencies - It was mainly to nail down those individuals and businesses which are resorting to tax evasion. And the action against this…