The Applicability and Calculation of Gratuity in India
Gratuity is governed by the Payment of Gratuity Act 1971. Read on to learn about the tax exemption and calculations of gratuity for employees in India.
India Proposes Setting-up Free Trade Zones for Russian Investors
India wants to encourage Russian investments and has suggested setting up a free trade zone for Russian companies. In September 2018, Indian Commerce and Industry minister Suresh Prabhu met with his Russian counterpart to discuss enhancing bilateral trade and investment. The minister invited the governors of the Russian Far East to explore areas of co-operation […]
GST E-Way Bill Makes Transportation of Goods in India More Efficient
India introduced the e-way bill system under GST in April, 2018 to ensure greater tax transparency and a hassle-free movement of goods from one state to another. Here, we discuss the system and its registration process.
GST Update: Back-Office Support Services to be Taxed in India
Back-office support services in India will not qualify as exports but intermediary services, and will be liable to 18 percent goods and services tax (GST)
Where to Invest in India – New Issue of India Briefing Magazine Out Now
The latest issue of India Briefing Magazine – “Where to Invest in India”, is available for download from the Asia Briefing Publication Store.
Logistics Industry in India – Modernizing with Tax Reform, Technology, and Infrastructure
India’s logistics industry is undergoing a transformative period. In this article, we discuss the current state of the sector, and how the GST – coupled with technological innovation and infrastructure development – is reshaping the industry in India.
Indian Banks Look to Solve Russian Banking Sanctions Imposed by the US
India may designate one branch each to handle all Russia-related businesses in the wake of US sanctions against that country. Read to know more.
Future of Fintech in India – Opportunities and Challenges
India’s nascent fintech sector is rapidly expanding, having benefited from foreign and national investments, flexible regulation, and supportive government policies. This article examines the disruptive growth potential of fintech in India and its growing service offerings.