Flipkart missed out on becoming a GST Suvidha Provider (GSP) as it fell short of the minimum paid-up capital requirement Rs 2 crore. Flipkart was among several of the internet firms to have applied for a GSP licence to be able to transfer invoices under the Goods and Services Tax directly to the central database. …
There is no scope for errors. Compliance has now also moved towards a real-time approach. This means that businesses too now need to take on an aggressive, real-time approach with tax compliance. While businesses are content with the ease of use, speed, partial automation, and error reduction, that digitalisation provides, they fail to see how …
Publish Date : Thursday, February 16, 2023 Source link
BY: Vikram Doshi and Raunak Chordia The Amrit Kaal Budget presented by the Finance Minister on 1 February 2023 has been built with a clear and strong vision of an empowered and inclusive economy. It touches upon several constituents of the Indian economy – agriculture, technology, start-ups, MSMEs, infrastructure, along with upliftment of the economically …
The all-encompassing Amrit Kaal Union Budget, CFO News, ETCFO Read More »
The Reserve Bank of India has allowed a moratorium on payment of three months on payment of instalments in respect of all term loans outstanding as on March 1, 2020. All commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, all-India Financial Institutions, and NBFCs (including housing finance companies …
You may not have to pay home, car loan EMIs for three months, CFO News, ETCFO Read More »
Publish Date : Tuesday, February 14, 2023 Source link
MUMBAI: The Income-Tax Appellate Tribunal (ITAT) has held that a taxpayer can invest capital gains for the second or third time towards the same “new” house property. Tax benefits cannot be denied on this ground, provided the cost of the new house is within capital gains that have arisen to the taxpayer. ITAT also held …
BY: Lalit Kumar India’s improved rank in the ease of doing business report of The World Bank is a testimony that India is reducing its compliance burden on companies and individuals, thus making business and commercial life easy here. India ranked 142 nd (out of 190 countries) in 2014 and is now well placed at …
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2023-Customs Dated: 1st February, 2023 G.S.R. …… (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 110 of the Finance Act, …
The Karnataka High Court has granted an interim stay on a tax demand of around Rs 1,100 crore against Flipkart India. In an interim order, the High Court also said no coercive action should be taken against the e-commerce company till February 24, the next data of hearing on the matter. The issue pertains to …
Karnataka HC grants interim stay to Flipkart in Rs 1,100 crore tax case, CFO News, ETCFO Read More »
