Clipped from: https://economictimes.indiatimes.com/opinion/et-view/et-view-a-bold-move-to-bury-the-retro-tax-ghost/articleshow/85073317.cmsSynopsis The Bill, introduced in the Lok Sabha, nullifies the tax demand on the indirect transfer of Indian assets on transactions prior to 28
Month: August 2021
Ready-to-cook powder mixes to attract 18% GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ready-to-cook-powder-mixes-to-attract-18-gst/article35753711.ece AAR-TN has drawn a distinction between dry branded mixes and wet batter Branded mixes for dosa, idli, tiffin, health and porridge will attract
E-way generation to be blocked from August 15 for return non-filers: GSTN – The Financial Express
Clipped from: https://www.financialexpress.com/economy/e-way-generation-to-be-blocked-from-august-15-for-return-non-filers-gstn/2305013/ The move, experts said, would help increase Goods and Services Tax collections in August as pending GST returns are expected to be filed.
The haircut that never was: Need to factor in whether a loan account had become an NPA while assessing haircut from its resolution under IBC – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-haircut-that-never-was-need-to-factor-in-whether-a-loan-account-had-become-an-npa-while-assessing-haircut-from-its-resolution-under-ibc/2305310/ A delay in initiating the insolvency process also means that creditors, because of their unhappy experience, are more inclined to take back their
Retrospective tax goes, not soon enough – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/retrospective-tax-goes-not-soon-enough/2305304/ Odd that the govt took this long to see sense on the matter, but this is the first step towards a less-litigious tax
Defer income-tax filing if you have to pay a penalty, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/defer-income-tax-filing-if-you-have-to-pay-a-penalty-say-analysts-121080600013_1.html Do so once the glitches on the new tax portal have been ironed out Timely filing of returns carries several benefits Owing to
Avoid arbitrary regulation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/avoid-arbitrary-regulation-121080501757_1.html RBI’s micro-management of corporate lending must end The Reserve Bank (RBI) of India has mismanaged its attempt to control and reduce the number
Good sense, finally | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/good-sense-finally-121080501755_1.html Govt wasted nine years in trying to defend the indefensible retro tax The government has introduced the Taxation Laws (Amendment) Bill, 2021, which seeks to
Subdued revenue spend may hit economic recovery, say economists | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/subdued-revenue-spend-may-hit-economic-recovery-say-economists-121080600029_1.html Experts say reduction in revenue expenditure may not result in capex rise Illustration: Binay Sinha The Centre’s capital expenditure saw a robust double-digit growth in
Lenders to debt-laden Vodafone Idea look at swapping debt for equity | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/lenders-to-debt-laden-vodafone-idea-look-at-swapping-debt-for-equity-121080600052_1.html Over the years, Vodafone PLC has invested $30 billion in Vodafone India and has written off the entire investment Shares of Vodafone Idea
Move to do away with infamous retro tax will boost investment sentiments | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/move-to-do-away-with-infamous-retro-tax-will-boost-investment-sentiments-121080501695_1.html The Bill now introduced in the Parliament proposes to provide that no tax demand shall be raised on indirect transfers effected prior to
Retro tax must be resolved via Indian law, not arbitral award: Somanathan | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/retro-tax-must-be-resolved-via-indian-law-not-arbitral-award-somanathan-121080600035_1.html Somanathan says that the government doesn’t support retrospective taxation since it creates sudden and fresh liability and is not in line with the
Govt buries retro taxes; brings bill in LS to withdraw tax demand on Cairn, Vodafone – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/govt-buries-retro-taxes-brings-bill-in-ls-to-withdraw-tax-demand-on-cairn-vodafone/article35748351.ece?homepage=true – The Government will refund the money collected earlier without any interest In a bid to bury the ghost of retrospective taxation, the
RBI may deploy LTRR to mop-up excess liquidity with banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-deploy-ltrr-to-mop-up-excess-liquidity-with-banks/article35745765.ece?homepage=true However, banks are wary of locking-up liquidity for longer tenors The Reserve Bank of India (RBI) is understood to have broached the possibility
‘Disbursements set to grow, while NPAs will decline’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/disbursements-set-to-grow-while-npas-will-decline/article35740624.ece?homepage=true Mahindra Finance sees continued demand pick-up in July Mahindra and Mahindra Financial Services has seen an improvement in rural sentiment as the second
Can a govt bailout package keep Voda-Idea afloat? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/can-a-govt-bailout-package-keep-voda-idea-afloat/article35751574.ece?homepage=true If Voda can’t sustain itself as a going concern, the only option is for it to go under the IBC With both promoters,
Irrational exuberance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/unbridled-speculation-in-primary-equity-issuances-can-erode-capital-market-credibility/article35750577.ece?homepage=true Unbridled speculation in primary equity issuances can erode capital market credibility The exuberant sentiment in the secondary market has now extended to the
Experts welcome govt’s move to bury retro tax, but with riders | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/experts-welcome-govt-s-move-to-scrap-retrospective-tax-121080501275_1.html They, however, say are not sure if the lack of interest and costs payable by govt will satisfy all litigants Photo: PIB India
Why govt’s Rs 20,000 cr Subordinate Debt scheme for MSMEs failed to find many takers? IBA chief explains – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-why-govts-rs-20000-cr-subordinate-debt-scheme-for-msmes-failed-to-find-many-takers-iba-chief-explains/2305145/ Credit and Finance for MSMEs: Under CGSSD, the promoter was required to bring in 10 per cent of the subordinate debt amount as
PLI scheme for Atmanirbhar Bharat: An elusive Philosopher’s Stone! – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/pli-scheme-for-atmanirbhar-bharat-an-elusive-philosophers-stone/article35716071.ece For a self-reliant India, one needs generic policies that will enhance overall competitiveness. One needs to adopt modern chemistry The process of converting
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