India News

Tax Experts Have Helped Developing Countries Net USD500m In Tax

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 27, 2019

The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders. Read Full Story

Indian GST Council Approves Changes To Filing Rules, Rates

by Mary Swire, Tax-News.com, Hong Kong

Friday, September 27, 2019

India's GST Council agreed a number of changes to the country's goods and services tax regime, at its meeting on September 20, 2019. Read Full Story

India Announces 22pc Corporate Tax Rate

by Mary Swire, Tax-News.com, Hong Kong

Friday, September 27, 2019

The Indian Government on September 20, 2019, announced that it will reduce the rate of corporate tax to 22 percent, from 30 percent. New domestic manufacturing ventures will benefit from a 15 percent rate. Read Full Story

India Sets Arm's Length 'Tolerable Range' For 2019-20

by Mary Swire, Tax-News.com, Hong Kong

Friday, September 20, 2019

India's Ministry of Finance has released a new Notification that sets the "tolerable range" for arm's length dealings. Read Full Story

Indian Banks To Begin Withholding Tax On Large Cash Withdrawals

by Mary Swire, Tax-News.com, Hong Kong

Thursday, September 5, 2019

As of September 1, 2019, India introduced an obligation for tax to be deducted at source at a two percent rate if a taxpayer's cash withdrawals totaled INR10m (USD138,350) or more in the previous year. Read Full Story

India Again Extends Deadline For 2017-18 Annual GST Return

by Mary Swire, Tax-News.com, Hong Kong

Friday, August 30, 2019

India has again extended the due date for furnishing the annual GST return and reconciliation statement for the 2017-18 fiscal year. Read Full Story

India Seeking To Bury Legacy Indirect Tax Disputes This Year

by Mary Swire, Tax-News.com, Hong Kong

Friday, August 30, 2019

India will launch its legacy dispute scheme starting September 1, 2019. Read Full Story

India Gazettes Law For Budget Tax Changes

by Mary Swire, Tax-News.com, Hong Kong

Thursday, August 8, 2019

India has published in its Official Gazette legislation to give effect to tax announcements in the 2019-20 Budget. Read Full Story

India's GST Council Agrees Overhaul Of GST Returns

by Mary Swire, Tax-News.com, Hong Kong

Friday, July 5, 2019

During its 35th meeting, India's GST Council approved changes to GST filing requirements and deadlines, and approved the introduction of an electronic invoicing system, Read Full Story

India Consults On Unitary Taxation Proposals

by Mary Swire, Tax-News.com, Hong Kong

Monday, April 29, 2019

India's Central Board of Direct Taxes has launched a new consultation on proposals to amend Article 7 of India's double tax treaties on permanent establishment, and rule 10 in the Income Tax Rules, 1962, to establish a formula to bring within the charge to Indian tax a proportion of profits of a multinational deemed to have a significant digital presence in India. The country is considering using a formulary apportionment approach, akin to that proposed under the EU's Common Corporate Tax Base initiative. Read Full Story

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