After multiple stop starts, the e-way bill under the GST rolls out on April 1, 2018 for the interstate transport of goods in India. We discuss eligibility criteria and how the system works.
GSTR-3B is an alternate form to GSTR-3 till June 2018. We evaluate how its introduction to ease the changeover for businesses from the previous tax system has panned out.
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.
Foreign investors should note that tax benefits in India are determined by economic activity, industry, location, size of firm, and time since incorporation. In this issue of India Briefing magazine, we examine India’s corporate tax structure and strategies to offset the tax burden.
India and the Hong Kong entered into a double tax avoidance agreement on March 19, 2018. The DTAA provides clarity regarding tax rates and tax jurisdictions; firms will now be taxed in only one of the signatory countries.
India proposes to exempt foreign companies with a permanent establishment in India in oil drilling, shipping, air transport, and turnkey construction projects from the MAT. Instead, these companies will only need to pay a presumptive tax.
Tightening regulation of permanent establishments in India follows from BEPS Action Plan 7, which toughens the definition of the business connection regime. Here, we discuss the new rules for Agency Permanent Establishments and Digital Permanent Establishments.
India has a largely positive view when it comes to entering into double tax agreements with other nations. This article examines how DTAAs can impact foreign firms and their India investment strategy.