A majority of the present Indirect Tax (IDT) levies in India are expected to be subsumed by the Goods and Services Tax (GST). This paradigm shift in indirect taxation is currently underway and the final GST Law is expected to be enforced from 1 July 2017. As part of this change, all assessees (i.e. individuals already registered under the present IDT Laws) or those who are liable to register as per the Model GST Law under the public domain, are required obtain registration under the GST regime.
The Indian Tax Landscape
The Indian Tax Landscape talks about the changing litigation landscape in India, the changing compliance landscape, transitioning to GST, Base Erosion and Profit Shifting, role of technology, pending litigations and its impact on business and significant rulings and its impact on tax positions.
Nexia Global Insight January 2016
IRAS to step up audits and encourage GST compliance
Goods and Services Tax (GST) has been in effect in Singapore for about 20 years. Over the years, the Inland Revenue Authority of Singapore (IRAS) has encouraged the taxpayers to report their tax returns in a correct and timely manner. In case of any errors initially, the option of Voluntary Disclosure Programme was available. Click here to know more.
SKP Investment Chronicle
Demonetisation: Way forward for non-resident Indians
Demonetisation of currency notes of INR 500 and 1000 has turned out to be an excellent step taken by the Modi government to curb black money in the economy. This surgical strike on black money in India, a largely cash-based economy, was a brilliant move to tackle the menace of black money and has taken the nation by surprise. This article advises non-residential Indians on changing old currency notes. Click here to know more.
Nexia Global Insight October 2016
Uncovering the truth through positive persuasion
When conducting an interview in a workplace misconduct investigation, it is important to understand the fears and outside influences of the person being interviewed and use positive persuasion which could help them to admit the truth.
インドでビジネスを行うには - 概要はFDIと貿易政策、政府のインセンティブ、法人形
The medical device industry in India - September 2016
The government and industry have both been moving towards achieving the goal of providing affordable healthcare services to patients in India. These challenges have been addressed through policy, regulatory and financial reforms along with product and technological innovation. Through the set-up of medical device parks and other initiatives, the government has been providing support to the industry to manufacture quality products in an affordable manner.