Tax & Accounting

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  August 22, 2018 by India Briefing Reading Time: 2 minutes
  

  GST on Inter-State Office Services: Karnataka AAR Makes Companies in India Nervous

  Employee services from the headquarters of a firm to its offices in other states will attract GST as it will be considered a taxable ‘supply of service’ under the CGST Act, as per a Karnataka AAR order.
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  August 7, 2018 by India Briefing Reading Time: 3 minutes
  

  India’s Presumptive Taxation Scheme: SMEs and Professionals Key Beneficiaries

  India allows SMEs and professionals to file their taxes under the presumptive taxation scheme if they meet certain qualifications.
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  August 1, 2018 by India Briefing Reading Time: 2 minutes
  

  Advance Income Tax in India

  Any person in India, whose estimated tax liability is more than Rs 10,000 (US$145) in a financial year, after deducting TDS, must pay income tax in advance.
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  July 25, 2018 by India Briefing Reading Time: 4 minutes
  

  Filing Income Tax Returns in India

  Income tax returns in India must be filed by the deadline of July 31, 2018, where the income earned during FY 2017-18 will be accounted for. Filing after the deadline will incur penalties.
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  July 25, 2018 by India Briefing Reading Time: 3 minutes
  

  Income Tax Return Forms in India

  Learn about the income tax returns (ITR) forms for financial year (FY) 2017-18 and assessment year (AY) 2018-19 as well as their applicability.
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  July 3, 2018 by India Briefing Reading Time: 3 minutes
  

  GST Reforms in the Works, Businesses in India Remain Hopeful

  One year since the GST rolled out in India, businesses seek key changes in way the indirect tax system operates.
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  June 8, 2018 by India Briefing Reading Time: 1 minute
  

  CBIC Announces PAN-Based Refund Clearances for Exporters in India

  India’s indirect tax and customs department, CBIC, is working to clear long-stuck GST refunds for exporters, including through PAN-based clearance and a special refund fortnight till June 14, 2018.
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  May 23, 2018 by India Briefing Reading Time: 5 minutes
  

  Taxation in India: Changing Rules, Trends in Taxation

  Despite India’s high tax burden, foreign investors should pace themselves; the country offers a variety of regional and sector-based incentives to boost its competitiveness.