India Makes First Tax Evasion Arrests Under GST Regime

India’s tax authority has arrested two men on charges of tax evasion under the Goods and Services Tax system, the first arrests under the fledgling regime. The Income Tax Department made two March 1 arrests in Mumbai on the grounds the companies evaded a total of $1.1 million in taxes by claiming input credits against fake purchase of goods, according to an announcement. The government hasn’t named the individuals. The…

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GST impact on employees: How employer, staff relationship has got complicated – Suraj Nangia

The Goods and Services Tax (GST) laws have tried to address several ambiguities that prevailed under earlier tax laws leading to unnecessary litigation. One such provision which has been penned down differently in GST is services flowing from employer to the employee. Overall, GST is being seen as a very positive move by the government. However, at the same time, the new GST rules may prove to be a dampener…

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GST impact on online shopping, tax – Suraj Nangia

On July 1, India moved on to a new era of taxation with the rollout of Goods and Services Tax (GST). It has now subsumed 17 central and state indirect taxes and 23 cesses into a single tax regime. Such a big transition is bound to change the lives of many individuals and businesses. Suraj Nangia, Partner  contributed an article on GST impact on online shopping, tax breaks for Financial Express. Reference Link http://www.financialexpress.com/money/gst-impact-on-online-shopping-tax-breaks-all-you-to-know-about-the-changed-rules-in-7-brief-points/749411/

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