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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

Govt planning to launch lottery offer under the GST from 1 April

[Source: www.livemint.com] We had earlier shared you a news item (Economic Times)

Zoho fires the first salvo–launches GST ready accounting solution

April 21, 2017

GST·Startup India

[Source: inc42.com] “Accounting should not be tactical. Accounting should be strategic. It should not be isolated but connected.

Centre mulls hike in service tax rate if GST rollout is delayed

January 11, 2017

GST·Service Tax & CBEC

[Source: www.thehindubusinessline.com] The Centre could consider increasing the service tax rate in the coming Budget as a fallback option in case the rollout of the Goods and Services Tax (GST) is delayed beyond April 1. “There is some thinking of an increase in the service tax rate in case the

GST may trigger consolidation in warehousing space

October 15, 2016

GST·Gujarat VAT & CST·Service Tax & CBEC

[Source: economictimes.indiatimes.com] The goods and services tax (GST) regime could usher in consolidation in the Indian warehousing space, property consultants and analysts said. With the government pushing for an April 2017 rollout of the single tax structure, many manufacturers who had built or leased warehouses in nearly every state to

ECB for startups to be allowed

October 6, 2016

RBI & FEMA·Startup India

[Source: www.thehindubusinessline.com] Overseas loans at lower rates may help start-ups stay afloat In a bid to give a further impetus to the growing start-up ecosystem in the country, the RBI has allowed them to raise up to $3 million a year through external commercial borrowings (ECBs). In his first Monetary

Why India’s GST is one of the world’s most complex tax reforms

August 5, 2016

GST·Gujarat VAT & CST

[Source: www.bbc.com] Will India, a $2 trillion (£1.5tn) economy with 1.3 billion consumers, now become a truly single market? Many believe the landmark goods and services tax bill – passed by parliament on Wednesday evening, after years of filibustering by the ruling BJP and main opposition Congress – is a

SEBI audit flags discrepancies at warehouses

August 2, 2016

Audits & Assurance·Corporate Laws

Mumbai: A Securities and Exchange Board of India (Sebi) audit of warehouses accredited by commodity exchanges has found discrepancies in both the quantity and quality of stock they hold, said two people familiar with the matter. Current Sebi norms allow commodity exchanges to outsource warehousing of stocks to third-party warehouse

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

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News - Page 2

Equalisation Levy is going to create a huge problem for startups

GST set to miss the April 1, 2017 deadline

Pre-Budget `09 Whispers

Govt planning to launch lottery offer under the GST from 1 April

Zoho fires the first salvo–launches GST ready accounting solution

Centre mulls hike in service tax rate if GST rollout is delayed

GST may trigger consolidation in warehousing space

ECB for startups to be allowed

Why India’s GST is one of the world’s most complex tax reforms

SEBI audit flags discrepancies at warehouses

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

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