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Category Archives: INTERNATIONAL

VAT IN UAE

VAT IN UAE VAT IN  UAE Like wise India, which implemented GST i.e Goods And Services Tax in the mid of year 2017.   Now  UAE is ready to implement VAT i.e Value Added Tax from 01 January 2018. What is The difference between VAT and

Export to Nepal or Bhutan will tax at NIL GST rate

Ministry of Finance issued Notification no. 42/2017-Integrated Tax (Rate): Dated 27 October 2017 on Supply of services to Nepal/ Bhutan. Background Section 2(6) of CGST Act stipulates that for any service to categorized as “export of services” the payment for such service must be received

India Set For Stormy Winter Session Amid Cash Crunch, GST Introduction

Opposition plans to raise demonetization at earliest opportunity India’s Parliament is set to reconvene Wednesday for its winter session, which looks set to be a stormy one, as the opposition aims to berate the government over the country’s cash crunch. Prime Minister Narendra Modi made

Foreign investors can get permanent residency for Rs10 crore

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a scheme to grant Permanent Residency Status (PRS) to foreign investors who invest a stipulated minimum amount in the country. Foreign investors will have to invest a minimum of Rs 10 crore to

GST’s Rajya Sabha impasse

Italy is Europe’s fourth most populous country, and in terms of gross domestic product (GDP), the eighth largest in the world, only slightly behind India. It has been a parliamentary democracy since World War II. But not even once did it elect a government that

RBI Governor optimistic about passage of GST

Washington,  Optimistic about the passage of long pending GST bill in the Parliament, Reserve Bank of India Governor Raghuram Rajan has told American investors that continued focus on fiscal consolidation and inflation will mean they will reach their targeted goal. In an interaction with American

4 senior KPMG executives arrested in UK tax probe – PTI

Four senior executives with business consultancy KPMG have been arrested in Northern Ireland as part of a tax evasion investigation, officials said today. Tax agency officers “arrested four individuals from Northern Ireland yesterday in connection with suspected tax evasion,” a spokesman told AFP. KPMG confirmed

Australian trade minister to visit India to push services exports

NEW DELHI: Australia will seek to expand its services exports to India when its trade and investment minister Andrew Robb lands in New Delhi next week for his third visit this year. Robb will also discuss with his Indian counterparts the progress of the Comprehensive

India Beats China as Most Favoured Emerging Market: BofA-ML

New Delhi: Global investors may have reduced their exposure to emerging market equities but India still continues to be the most favoured country, says a report. According to global financial major Bank of America Merrill Lynch, global investors have reduced their exposure to emerging market

India sees ‘strongest’ growth in first quarter of 2015-OECD

London, Jun 11  Indian economy saw the “strongest growth” in the first quarter of 2015 among large economies, including China, the US, Germany and Canada, according to Paris-based think tank OECD. Data compiled by the Organisation for Economic Cooperation and Development (OECD) showed that overall

India can play major role in Asia: Singapore PM

Singapore, May 29 (PTI) India can play a major role in Asia if it opens up its economy and encourages foreign investments while actively participating in regional summits, Singapore Prime Minister Lee Hsien Loong said today. “It (India) can make a big contribution if it