Other Briefings
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.
GST Council Finalizes E-Way Bill, CBDT Clarification on Non-Resident Tax Filing – India Regulatory Brief
In this week’s Regulatory Brief, we highlight the tax rates revised by India’s GST Council in its 20th meeting, the e-way bill provision under GST, and the clarification issued by the CBDT regarding financial reporting requirements for non-residents in its new Income Tax Return – 2 form.
Five GST Myths Busted
The goods and services tax (GST) – the biggest tax reform in India – came into effect July 1, 2017. This article notes five key facts for businesses to clear prevailing misconceptions and myths surrounding the GST.
GST Timeline: 2000-2017
A historical timeline of the key developments and concerns, including political actors involved, legislative decision-making, constitutional amendments, and economic judgments — that culminated in the implementation of the Goods and Services Tax (GST) in India from July 1, 2017.
After GST, Services Sector Face New Challenges in India
The Goods and Services Tax (GST) is the biggest tax reform that is aimed at unifying and simplifying India’s complex tax structure. However, in short run it is set to have varying effects on different industries. In this article, we discuss the challenges that GST poses to India’s service industry.
India Regulatory Brief: Clarifications under the Bankruptcy Code, Business Class Travelers to Show GSTIN
In this week’s Regulatory Brief, we briefly cover the clarifications issued by the National Company Law Appellate Tribunal (NCLAT) on what constitutes a ‘dispute’ under the the Insolvency & Bankruptcy Code, 2016; the new compliance required of business class air travelers under the GST regime, and the impact of the GST on inter-state logistics.
GST Returns Filing in India: All You Need to Know
The GST gets rolled-out on July 1, and will replace India’s current system of indirect tax. In this article, we provide a brief description of the types of returns that will need to be filed once the goods and services tax is launched, and the various categories of tax payers recognized by the GST system.
India Regulatory Brief: Filing GST Returns, Aadhaar Mandatory for Banking and Financial Transactions
In this week’s Regulatory Brief, we look at the relaxed timelines for filing GST returns for the first two months after the GST rollout in India, the revised GST rates and rules passed till June 18, 2017, the new law making it mandatory to link all existing and new bank accounts with the Aadhaar biometric identification number, and the daily pricing system introduced for the fuel market.
