Page 6 - Indivjal Dhasmana

High Court gives relief to Pepsico India over Rs 2,800 crore tax demand

The AO came to this conclusion on the basis of the bright line test (BLT) in transfer pricing

IT firms' work for international clients may not always attract IGST

Experts say the ruling may have ramifications for other industries which provide services to foreign clients too, particularly in the IT, consulting, marketing, and recruitment sectors

SC issues notice to Centre over petition on imposition of GST on JDA

The Telangana High Court had held that JDA is different from an agreement for the sale of land and therefore the rights under this should be taxed

Apex capex: How is govt capital expenditure driving India's growth

Will RBI's suggested provisioning affect it?

No country can ignore ratings by credit rating agencies: Subbarao

RBI may be looking at the bigger picture, and companies at their balance sheets, says former RBI governor D Subbarao on draft provisioning norms

Gifted shares may escape capital gains tax if HC ruling sets precedent

The court held that a gift is a voluntary transfer and does not require consideration. Only when there is consideration received can profit or gain be measured

GST helped states earn 24% more than the old regime: FM Sitharaman

She praised the new tax system for being pro-poor and beneficial to 4.4 million small taxpayers and micro, small and medium enterprises (MSMEs)

Car dealers may have to pay 18% GST on sale of demonstration cars

The ruling has evoked sharp criticism from experts who say it may lead to litigation

Fiscal prudent Odisha faces many challenges on socioeconomic front

In last decade, it has consistently remained a revenue-surplus state, allowing govt to invest in asset generation, introduce welfare schemes. But its socio-economic indicators leave much to be desired

Skill-imparting companies train youth for evolving job market demands

According to data by Institute for Human Development, unemployment rate for graduates and those having higher qualifications has been declining

Gross GST collection in April shoots past Rs 2 trn to record high

Net mopup rises 15.5% on strong domestic activity

IEG applies afresh after licence cancelled under FCRA over procedural lapse

Institute could not submit documents to govt due to 'minor technical issues', say sources

Gujarat High Court rules mango pulp attracts 12% GST since July 2017

The court said that the item is covered by the category-mangoes other than sliced and dried

Politicians dole out sops to woo Andhra voters despite rising debt in state

Ahead of the Assembly polls, the state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation

Are BJP, Congress serious about the fiscal autonomy of gram panchayats?

Transferring items from Concurrent list to State list is not enough to give more powers to the latter

SEZ units exempt from IGST on certain services from DTA players: AAR ruling

AAR observed that this clarification was given to a specific SEZ unit and is not a circular but there is no bar in borrowing the rationale of the clarification

Net direct tax collection surpasses RE in FY24; corp tax receipts a miss

Exceeds estimates by 0.7% to hit Rs 19.58 trn

SC issues notices on plea challenging anti-profiteering provisions

The petition, filed by Swati Reality, states that the High Court erred in failing to appreciate that the impugned provisions under the GST system are ultra vires the Constitution

A trillion dreams: Is this realistic, or are four states chasing a chimera?

The exchange rate will play a crucial role in this calculation and some assumptions must be made on this front

India's economy boosts jobs, but for unskilled and semi-skilled workers

It is not really a case of jobless growth, just that job creation is more for the low-skilled