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During the Maharashtra State Budget for FY 2022-23, the Deputy Chief Minister Ajit Pawar announced an amnesty scheme for pending sales tax dues. Both the houses cleared the Bill...

In view of the implementation of GST and its impact on other indirect tax laws, various authorities have brought in amendments and clarifications to remedy any difficulty being faced by the industry.

Section 40(a)(ia) of the Income Tax Act, 1961 (ITA) provides that failure to deduct Tax Deducted at Source (TDS or withholding tax) on certain specified sums payable to a resident results in denial of tax deduction of the relevant expenditure.

In an era marked by unprecedented technological advancements and rapidly evolving business landscapes, the world of M&A is undergoing a profound transformation.

The Inland Revenue Department (IRD) of Hong Kong has recently issued guidance on Transfer Pricing related issues arising from COVID-19.

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of July 2021.

When GST was implemented on 1 July 2017, it set the foundation for a monumental tax structure that continues to be constructed, piece-by-piece, reshaping India's economic landscape.

Employees will benefit from a formalized support system which addresses critical needs during periods of financial crisis. On the other hand, it has imposed new operational and financial responsibilities for employers to ensure compliance, particularly those managing large workforces...

The Central Board of Direct Taxes (CBDT) vide Notification dated 29 November 2024 has extended the applicability of the Safe Harbour Rules under Rule 10TD...

The United Arab Emirates (UAE) introduced ‘Economic Substance Regulations' (ESR or the Regulation) in April 2019.

US tariffs are taxes imposed by the United States government on imported goods and services. While their stated purpose is to protect domestic industries and discourage excessive imports...

In March, India marked a pivotal milestone in its pursuit of sustainable development, economic growth, and strengthening of its international trade presence...

The USA and China are two of the world's leading economies and have been the largest trading partners globally.

To demonstrate India's commitment to the BEPS Action Plans, the Indian Finance Act, 2016 has adopted OECD's framework and the revised transfer pricing documentation and CbC reporting is made effective...

The GST council in its 32nd meeting had approved the levy of calamity cess on intra-state supply of goods and services within the state of Kerala for a period not exceeding two years...

This notification empowers the Additional Commissioners/Joint Commissioners of specified Central Tax Commissionerate, subordinate to the Principal Commissioners of Central Tax or...

In legal terms, the Most Favored Nation (MFN) clause in international trade agreements mandates that a country must treat all its trading partners equally...