In a webinar BMR & Associates LLP tax experts Gokul Chaudhri and Rajeev Dimri analyse the fine print of Budget 2017. Chaudhri shed some light on the area of taxation, focusing primarily on foreign investors, who he says w
A nine-judge bench of the Supreme Court has recently upheld the validity of the states’ entry tax legislations, rejecting the contention that they interfere with free trade and commerce across the country.
With all the non-petro procurements of refining and marketing companies coming in loaded with GST, the set-off of such taxes would not be entirely available since most of the output would be outside GST
The unstructured and differentiated approach to taxation of tobacco products must be replaced by a policy, whereby tobacco is taxed from the first point of sale right up to the end-product, with input tax credit at each stage
Governments, both at the Centre and state levels, would need to be mindful of the impact of tax reforms on small and big businesses if they wish to implement GST with minimal adverse impacts on business operations and ensure
The Supreme Court judgment in the TVS Motor case should bring clarity on the issue of pre-delivery inspection (PDI) and free after-sales service (ASS) forming part of the ‘transaction value’ for levy of excise duty.