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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

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

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