Tax & Accounting

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  October 4, 2018 by India Briefing Reading Time: 5 minutes
  

  Transfer Pricing in India Explained

  Transfer pricing refers to the rules used for pricing transactions within and between enterprises under common ownership or control. Read to know about the arm’s length price, specified domestic transactions, advance pricing agreement, country-by-country reporting, and transfer pricing documentation.
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  September 25, 2018 by India Briefing Reading Time: 2 minutes
  

  Foreign E-commerce Firms to Register for GST in Every Indian State

  New provisions for tax deducted at source (TDS) under the GST law require foreign e-commerce firms to register in every Indian State. Read to know the details.
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  September 13, 2018 by India Briefing Reading Time: 4 minutes
  

  Claiming GST Refund Made Easier in India

  Businesses in India can now claim their GST refund by submitting a single form. Here, we discuss the different types of GST refunds available and the process for claiming it.
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  September 11, 2018 by India Briefing Reading Time: 2 minutes
  

  India Resident Foreign Companies to Pay 40 Percent Tax: Latest POEM Guidelines

  The Indian tax department has clarified that foreign companies must pay 40 percent tax even if their residency status changes from non-resident to resident by virtue of place of effective management (POEM) rules.
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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 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.