Importance of GST in Indian Economy
The Goods and Service Act (GST) was a major tax reform introduced in India on 1st July 2017. The primary intention of introducing the GST was to replace many other state level taxes and to bring all taxes under a single umbrella. Before the introduction of GST, the complex Indian business and trade landscape suffered from tax evasion and also reluctance from Foreign companies to do business in India.
India: As the Manufacturing hub
The true success of a country can be measured through its potential to be a leading hub of research and development, a problem-solver, a high employment index, and an indispensable seat for global manufacturing needs.
Repatriation Strategies and Regulations for a company in India to France
In a fast-changing world, cash is undoubtedly a question that concerns most global companies. In the wake of the current geopolitical and financial instabilities, in markets that fluctuate at high-speed, many are seeking solutions to repatriate cash cost-effectively. However, cash repatriation can be challenging and takes place in different shapes.
Green Hydrogen
Green Hydrogen: on a surging demand and a pivotal factor for RE
In the wake of countries gearing up to be ahead in the decarbonization race, the focus on green hydrogen as a sustainable energy source is amplified.
Everything you need to know about Transfer Pricing
In international transactions with a high scope of tax evasion, regulations such as Transfer pricing are mandatory. Transfer Pricing is the price of transactions between two companies (belonging to one group) residing in different geographies. From a tax point of view, Transfer pricing is critical as it involves complex calculations based on the type of transactions.
Automotive Industry Trends
Current trends, scope, and challenges faced by the Automotive industry. We live in a digitally conscious world where most customers’ wish lists are fed by what is trending rather than what they need. Before consumers buy a product, they consume it digitally, analyse the pros and cons of buying it, and then t ake that giant leap towards an investment. Like every other industry, the Automotive industry’s landscape is ever-evolving.
Tax Deduction or Tax Taken?
You don’t pay taxes – they take taxes” – Chris Rock. How simple and apt is this quote by Chris Rock? It puts into perspective the whole idea of taxation! Indeed, we never pay taxes – the government takes them from us. The government has implemented systems where one gets taxed while selling or purchasing goods & services, from the net income (income minus expenses), salary, etc.
Section 194R TDS or Tedious?
In order to increase the taxbase & to bring a larger number of assessee’s under the tax net, the government has inserted a new section 194R in the Income-tax Act, 1961 (‘Act’) through the
I Finance Act, 2022, effective July 1, 2022
What is BuyBack?
Buyback of shares implies a company repurchasing its shares from its shareholders. In a buyback issue, the company pays its shareholders a fixed value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. The process enables the repurchase of shares from the existing shareholders usually at a higher price than the market price.
Metaverse : Rewriting business and marketing strategies
It is a massively scaled and interoperable network of real-time, rendered, 3D virtual worlds that can be experienced synchronously and persistently by an effectively unlimited number of users, each with an individual sense of presence.
