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The GST authorities issue notices to 70 foreign companies, including major players like Netflix and Google, requiring compliance with the new 18 percent IGST regulations for digital services in India. Anticipated government revenue is ₹2,000 crore, a substantial increase from the previous year. ....
We suggest that when the guarantee is provided without charge, the tax authorities should let it be, treating the value of the supply as zero and levying no tax ....
The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued notices to several insurance companies, including ICICI Lombard, seeking approximately Rs 3,000 crore in unpaid taxes. The notices state that these companies did not pay GST on reinsurance premiums despite receiving commissions from co-insurance companies. ....
India Business News: The Goods and Services Tax (GST) collection for August stood at Rs 1.6 lakh crore, showing an 11 per cent growth year-on-year, revenue secretary Sanj ....
India s Finance Minister, Nirmala Sitharaman, emphasized the need to address the question of debt distress and the importance of reforms in multilateral development banks, cryptocurrency regulation, and digital public infrastructure during the G20 Summit. ....