The Government of any country is always serious about tax collection as it is a significant source of revenue for carrying out welfare schemes and development activities for the citizens. Therefore, the defaulters in payment of tax are dealt with stringently. It is the reason why Companies need to ensure all tax compliances are timely. […]
With the implementation of GST from July 2017, people wanting to invest in the real estate sector as well as dispose of their existing one are curious to understand how GST will impact them.We have received numerous queries after this move by the government. While it may not be possible to address all individual queries […]
The first Look….July 1 dawned to the application of what is clearly seen as the biggest Tax reform in India. The wave that it stirred up, the impact of the regulations and the expected results in the context of the Indian Economy have all made this one of the hottest topics of debate in the […]
GST as we understand nowThe much awaited ‘General’ term that promises to bring about structural changesGoods & Services Tax is an indirect tax levied by the government to replace all other indirect taxes of the entire country with an objective to make India one unified common market to strengthen the economy. India is shifting to […]
The Indirect Tax system of India is incredibly complex because of the numerous types of taxes levied by the Governments both center and state on Goods and Services. For example Entertainment Tax for watching a film, Value Added Tax (VAT) for purchasing goods & services by the consumer. Taxes such as excise and import Duties, […]
The waves that the demonetisation policies created across the NRI community across the globe in November, 2016 have laid grounds for anxiety over the next major step that the Indian government will present – the Budget, 2017. Given that the budget is to be presented in just a few days there is a lot of […]
GST Caught Between Political Tussles – Fallout of Demonetisation and the wave thereafter!Would Prime Minister Modi have thought that his ‘surgical strike’ on black money have an impact on the other proposed wonder drug of the economy – the GST? Well it looks like it is creating an impact on those lines. The tsunami that […]