Other Briefings
GSTR-3B: Filing GST Returns in India
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.
The GST in India: Tax Rates Slashed, Some Compliance Relaxed
Last week, the GST Council announced several revisions to the indirect tax regime, making it more business-friendly. In this article, we highlight the most significant changes announced.
Reverse Charge Mechanism in the Import of Services under GST
The new Goods and Services Tax (GST) regime introduces the reverse charge mechanism (RCM) to ensure the government receives tax on supplies of goods and services by unregistered suppliers. This article briefly discusses the mechanism.
Flexi-Staffing Industry in India: GST Impact, Regulations
Under GST, the tax rate on all staffing firms is pegged at 18 percent. This article discusses the impact of GST on the flexible staffing industry, and its impact on doing business in India.
GST Relief for Exporters, Small Businesses and Crackdown on Shell Companies – India Regulatory Brief
In this week’s Regulatory Brief, we look at the latest decisions from the October meeting of the GST Council, the federal approval of foreign investments in single brand retail, and the government’s crackdown on black money operations.
Exporters in India Suffer under GST Regime – Delays in Refund Processing, Malfunctioning System
Exporters in India are facing a major working capital crunch under refund rules of GST law and the malfunctioning of the GSTN system. We briefly discuss these challenges and the government response.
Anti-Profiteering under GST in India: Regulatory Measures and Compliance for Business
Under the GST regime in India, benefits of tax rebate obtained by sellers or service providers must pass on to final consumers through anti-profiteering compliance. The article explains the anti-profiteering regulation and compliance requirements for businesses in India.
Cess Hike on Motor Vehicles and Revision of GST Rates, New Permit Requirements for Foreigners – India Regulatory Brief
In this week’s Regulatory Brief, we discuss the decisions of the latest GST Council meeting, the notification of new registration, residential permit, and stay visa requirements for foreigners in Chennai, and a credit guarantee fund for eligible entrepreneurs under Startup India.
