Shaleen Shah

Equalisation Levy is going to create a huge problem for startups

January 2, 2017

GST·Income Tax·Service Tax & CBEC·Startup India

[Source: www.forbesindia.com] Tax lawyer Nishith Desai believes the Equalisation Levy, also known as ‘Google Tax’, will have important repercussions for the Indian startup ecosystem As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm Nishith Desai Associates, in a

GST

GST set to miss the April 1, 2017 deadline

Pre-Budget `09 Whispers

When the FM presents his full Budget on 6th July `09, his

Understanding The Benami Law In India: FAQs

[Source: www.mondaq.com; Article by Bharat Chugh and Kushank Sindhu, Luthra & Luthra

Build a business, not just a startup

July 30, 2016

Startup India

[Author: Abhishek Sanyal; Source: yourstory.com] Have you ever wanted to start something of your own? Of course, you did! I did too. And the startup scene in India is very encouraging and inspiring today. There exists an ecosystem with angels, mentors, VCs and scores of other founders. It is brimming

Despite hype, only one firm qualified for Startup India

July 27, 2016

Startup India

The official figures government tabled in Parliament earlier this week show that the Startup India portal received a total of 728 applications till Monday (the notification defining startups was published on Feb. 17, 2016). Of these, it categorised 180 applicants as startups (whose applications were found to be complete), but

Only 16 applicants found eligible for start-up tax benefits

July 21, 2016

Startup India

Only 16 of the 728 applications received under the Start-up India initiative have been found eligible for tax benefits, according to the government. “Till date (July 18), 728 applications have been received. Of them, 180 are complete and the applicants are recognised as start-ups,

A disruptive startup just sold for $1 billion—and it isn’t even a tech company

July 21, 2016

Featured·Startup India

Dollar Shave Club, a direct-to-consumer business that sells men’s razor blades on a subscription plan, was just acquired by personal care giant Unilever for a reported $1 billion. The largest player in the industry is Procter & Gamble’s Gillette unit. It works according to a tried-and-true industrial method of spending

India may make the Calendar Year, instead of April-March, as its new Financial Year from as early as 2018

July 13, 2016

Asides·Audits & Assurance·Income Tax

India may make the Calendar Year, instead of April-March, as its new Financial Year from as early as 2018

Download Draft Model of GST Law

June 15, 2016

GST·Gujarat VAT & CST

Download Draft Model of GST Law

Equalisation Levy of 6% on e-commerce transactions applicable from 1-Jun-2016

June 6, 2016

Income Tax

[By Shaleen Shah (Partner), VNCA] We had informed you earlier that based on the recommendations a CBDT committee on taxation of e-commerce, Finance Minister Arun Jaitley had in his Budget proposed an Equalisation Levy of 6% to tap tax on income accruing to foreign e-commerce companies from India. Budget-2016 has

Service Tax Department cannot conduct audit under Rule 5A(2)–Delhi High Court

June 4, 2016

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] It is a general practice of Service Tax Department to conduct audit of service tax assessees for last five years by deputing their own officers of the rank of Inspectors and Superintendents. Service Tax Department also seeks voluminous details and seeks information in self-specified format/annexures

Budget 2016 enacted on 14-May – Service Tax Amendments effective from various dates

May 17, 2016

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] The Union Budget 2016 presented by Hon’ble Finance Minister, Shri Arun Jaitley was passed by both houses of the Parliament and received the Presidential assent and thus stands enacted on 14-May-2016. Service Tax Changes proposed in the Union Budget-2016 are coming into effect

Flipkart challenges Gujarat entry tax on online sale in HC

April 30, 2016

Gujarat VAT & CST

[Source: timesofindia.indiatimes.com] The Gujarat high court on Thursday issued notice to the advocate general and state authorities concerned over a petition filed by India’s largest online marketplace Flipkart Internet Pvt Ltd objecting to state government’s law levying entry tax on goods sold in Gujarat through online shopping. This happened after

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Shaleen Shah

Equalisation Levy is going to create a huge problem for startups

GST set to miss the April 1, 2017 deadline

Pre-Budget `09 Whispers

Understanding The Benami Law In India: FAQs

Build a business, not just a startup

Despite hype, only one firm qualified for Startup India

Only 16 applicants found eligible for start-up tax benefits

A disruptive startup just sold for $1 billion—and it isn’t even a tech company

India may make the Calendar Year, instead of April-March, as its new Financial Year from as early as 2018

Download Draft Model of GST Law

Equalisation Levy of 6% on e-commerce transactions applicable from 1-Jun-2016

Service Tax Department cannot conduct audit under Rule 5A(2)–Delhi High Court

Budget 2016 enacted on 14-May – Service Tax Amendments effective from various dates

Flipkart challenges Gujarat entry tax on online sale in HC

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