Taxmann

25/01/2025

Revolutionize Your Knowledge in the Ever-evolving world of Accounting & Auditing! https://taxmann.social/eajBP [5 Mins | Read Time]

Our expertly curated daily newsletter is your indispensable guide, providing clear and timely updates

Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources – https://taxmann.social/tRzS

25/01/2025

Register Now for Taxmann's [Live] Webinar | Decoding 'Supply' under GST – Scope | Impact | Interpretations

📅 25th January 2025 (Saturday) | 🕒 5:00 PM – 6:00 PM (IST)

💻 Register Now for FREE! (Limited Slots Available)

📋 Coverage of the Webinar:
✔️ Comprehensive analysis of the term 'Supply' under GST
✔️ Overview of activities and transactions qualifying as Supply
✔️ Simplified interpretation of Schedules under the CGST Act
✔️ Impact of Supply on GST rates and applicability
✔️ Understanding the significance of the Scope of Supply
✔️ Examination of key judicial rulings interpreting the term 'Supply'

📢 Speaker:
• CA. Sachin Jain – Partner | Jaikumar Jain & Company
Mr Sachin is a practising Chartered Accountant and a partner at M/s Jaikumar Jain & Company, a CA firm based in Rajasthan. Known for his dynamic and innovative approach, he brings extensive expertise in Indirect Taxation. Additionally, he is an advocate and a company secretary. He has trained over 20,000 professionals across India and authored numerous articles on GST, concurrent audits, MCA compliances, and more.

📋 Relevant For:
• Chartered Accountants
• Company Secretaries
• Cost and Management Accountants
• Tax Officers
• Accountants
• CA Students
• Lawyers

25/01/2025

In this video, Arindam Ghosh (Partner, Govt. & Public Sector Power Advisory at Nangia & Co. LLP) discusses the potential impact of Budget 2025 on energy and sustainability. Topics include NTP-6 Green Energy Limited's investments in hydrogen and renewables, palm storage projects, and promoting electric mobility.

Watch the Video! https://taxmann.social/lajLQ [2 Mins | Watch Time]

Ghosh (Partner, Govt. & Public Sector Power A...

25/01/2025

In this video, Mr Rakesh Nangia (Founder & Managing Partner, Nangia & Co. LLP) highlights key challenges, including GDP growth revision to 6.4%, inflation at 6.2%, and a slowdown in manufacturing. He emphasizes the need for targeted tax incentives, infrastructure investments, and measures to navigate global supply chain disruptions and geopolitical changes.

Watch the Video! https://taxmann.social/sajK5 [5 Mins | Watch Time]

this video, Mr Rakesh Nangia (Founder & Managing Partner, Nangia & ...

25/01/2025

[New Column] Taxmann’s World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week.

Topics Covered:
• Trump administration withdraws commitment to OECD global tax deal, Reinforces U.S. Sovereignty in Tax Policy
• Italy revises tax loss carry forward rules subsequent to change in control
• UK HMRC publishes guidance on the corporation tax on sale of business assets

Read the Full Column: https://taxmann.social/wajJz [5 Mins | Read Time]
Drafted by Taxmann's Editorial Team

25/01/2025

In this video, Mr Abheet Sachdeva – Partner [M&A Tax Advisory] | Nangia Andersen LLP, outlines key Budget 2025 recommendations: amending the India-Mauritius tax treaty, introducing a 15% concessional rate for manufacturers, revising buyback tax rules, addressing unlisted debentures, and resolving the MFN clause controversy to boost foreign investment.

Watch the Video! https://taxmann.social/zajYb [6 Mins | Watch Time]

this video, Mr Abheet Sachdeva – Partner [M&A Tax Advisory]...

25/01/2025

The Complete Coverage of India's 20+ Labour Laws—Along With a 50+ Page Guide for Interpretation and Application

Look inside the book here: https://taxmann.social/WahFG

Like It? Buy Now with Free Expedited Shipping & Get a Limited Period Discount! https://taxmann.social/iaf80

24/01/2025

In this video, Mr Yogesh Kale – Executive Director [Direct Tax] | Nangia Andersen LLP, explores India's manufacturing growth, the need for better R&D incentives in the EV sector, and resolving GST issues in the auto industry. He also calls for reviving the constitutional tax regime for new manufacturers and promoting sustainability.

Watch the Video! https://taxmann.social/qajjX [3 Mins | Watch Time]

this video, Mr Yogesh Kale – Executive Director [...

24/01/2025

Empowering Your Informed Decisions! https://taxmann.social/majmL [4 Mins | Read Time]

Stay ahead with our daily newsletter on Corporate Laws, designed for professionals

Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources – https://taxmann.social/tRzS

24/01/2025

[𝐍𝐞𝐰 𝐂𝐨𝐥𝐮𝐦𝐧] 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 is designed to inform you about the most significant global developments in financial reporting and auditing practices.
𝐇𝐞𝐫𝐞'𝐬 𝐚 𝐆𝐥𝐢𝐦𝐩𝐬𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤'𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
‣ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 (𝐅𝐑𝐂)
• The FRC has announced an investigation into the audit practices for the 2022 financial statements
• The FRC reviews climate-related financial disclosures of AIM-listed and large private companies
‣ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐁𝐨𝐚𝐫𝐝 (𝐅𝐀𝐒𝐁)
• The FASB invites public feedback on proposed codification improvements

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐂𝐨𝐥𝐮𝐦𝐧 𝐍𝐨𝐰: https://taxmann.social/lajzH [3-Minute Read]
Prepared by 𝐓𝐚𝐱𝐦𝐚𝐧𝐧'𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐄𝐝𝐢𝐭𝐨𝐫𝐢𝐚𝐥 𝐓𝐞𝐚𝐦

24/01/2025

In this video, Mr Sandeep Jhunjhunwala – Partner [M&A Tax] | Nangia Andersen India Pvt. Ltd., discusses enhancing startup funding, simplifying fundraising, and offering tax relief. He highlights the low IMB certification rate among DPIIT-recognised startups and emphasises reimagining India's tax framework, including the patent box regime and R&D benefits.

Watch the Video! https://taxmann.social/3ahmt [4 Mins | Watch Time]

this video, Mr Sandeep Jhunjhunwala – Partner [M&A Tax] | Nangia...

24/01/2025

The Central Board of Indirect Taxes and Customs (CBIC) has clarified the term 'as is' or 'as is, where is basis' concerning past GST regularizations. This aims to resolve ambiguities surrounding tax rates for past transactions and ensure uniformity in regularisation practices.

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
‣ 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐚𝐧𝐝 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 – Ambiguities arising from multiple GST rates prompted the CBIC to define terms like 'as is' or 'as is, where is basis' to standardize tax compliance practices
‣ 𝐈𝐧𝐭𝐞𝐫𝐩𝐫𝐞𝐭𝐚𝐭𝐢𝐨𝐧 𝐛𝐲 𝐆𝐮𝐣𝐚𝐫𝐚𝐭 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 – The Gujarat High Court ruled that past GST payments filed under 'as is, where is basis' should be treated as final, exempting taxpayers from additional tax demands
‣ 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 – GST payments made in good faith under genuine doubts will be regularized as final for past periods without imposing further liabilities or issuing refunds
‣ 𝐌𝐞𝐚𝐧𝐢𝐧𝐠 𝐨𝐟 '𝐀𝐬 𝐈𝐬, 𝐖𝐡𝐞𝐫𝐞 𝐈𝐬 𝐁𝐚𝐬𝐢𝐬' – This term indicates that goods are sold in their existing condition, including any faults, and past lower or nil GST payments will be accepted as full discharge of tax liability
‣ 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐧𝐠 𝐆𝐒𝐓 𝐑𝐚𝐭𝐞𝐬 – In cases where conflicting GST rates were applied, payments made at the lower rate will be accepted as final. No refunds will be granted for payments made at higher rates
‣ 𝐈𝐥𝐥𝐮𝐬𝐭𝐫𝐚𝐭𝐢𝐯𝐞 𝐄𝐱𝐚𝐦𝐩𝐥𝐞𝐬 – Practical examples provided in the circular demonstrate how past payments at lower rates or exemptions are regularized without imposing additional tax liabilities or issuing refunds
‣ 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐏𝐚𝐬𝐭 𝐆𝐒𝐓 𝐃𝐢𝐬𝐩𝐮𝐭𝐞𝐬 – Tax disputes related to past periods will be resolved by accepting lower rate payments as final, reducing compliance burdens and ensuring consistency
‣ 𝐄𝐟𝐟𝐞𝐜𝐭 𝐨𝐧 𝐎𝐧𝐠𝐨𝐢𝐧𝐠 𝐆𝐒𝐓 𝐃𝐞𝐦𝐚𝐧𝐝 𝐂𝐚𝐬𝐞𝐬 – For ongoing disputes, tax authorities are directed to apply the circular's guidelines, ensuring equitable resolutions based on past practices

For an in-depth analysis of the 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐑𝐞𝐠𝐮𝐥𝐚𝐫𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐆𝐒𝐓 𝐏𝐚𝐢𝐝 𝐨𝐧 '𝐀𝐬 𝐈𝐬, 𝐖𝐡𝐞𝐫𝐞 𝐈𝐬 𝐁𝐚𝐬𝐢𝐬', visit: https://taxmann.social/naf93
𝘊𝘰𝘯𝘵𝘦𝘯𝘵 𝘣𝘳𝘰𝘶𝘨𝘩𝘵 𝘵𝘰 𝘺𝘰𝘶 𝘣𝘺 𝘛𝘢𝘹𝘮𝘢𝘯𝘯.𝘤𝘰𝘮 | 𝘗𝘳𝘢𝘤𝘵𝘪𝘤𝘦

24/01/2025

Essential for Indian Portfolio Managers—Blending Foundational Knowledge with Advanced Theoretical Frameworks, Covering:
✅ Investment Basics
✅ Portfolio Management Roles & Processes
✅ Behavioural Finance & Modern Portfolio Theories
✅ Regulatory, Taxation, & Ethical Considerations

Look inside the book here: https://taxmann.social/2adoH

Like It? Buy Now with Free Expedited Shipping & Get a Limited Period Discount! https://taxmann.social/DahxL

24/01/2025

In this video, Mr Amit Agarwal – Partner [M&A Tax Advisory] | Nangia & Co LLP, outlines key tax reforms to drive India's growth towards a $30 trillion economy by 2050 and a $7 trillion GDP by 2030. His recommendations include revising dividend tax for infrastructure SPVs, Section 72A exemptions for service-sector mergers, rationalising overseas dividend taxation, and improving transfer pricing regulations.

Watch the Video! https://taxmann.social/YahvJ [4 Mins | Watch Time]

this video, Mr Amit Agarwal – Partner [M&A Tax Advisory] | Nangia &...

23/01/2025

Get Ready for the Union Budget 2025–26!
Be the first to access every key update with Taxmann's 'Budget [Income-tax | GST | Customs] – 2025-26'. This all-in-one resource ensures you're always in the know about the latest changes and implications for your business or profession.

𝐖𝐡𝐚𝐭'𝐬 𝐈𝐧𝐬𝐢𝐝𝐞?
✅ 𝐁𝐮𝐝𝐠𝐞𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 – Quick insights into the major announcements
✅ 𝐁𝐮𝐝𝐠𝐞𝐭 𝐒𝐩𝐞𝐞𝐜𝐡 – Complete text, straight from the source
✅ 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐢𝐥𝐥 𝟐𝟎𝟐𝟓 – All the proposed changes in one place
✅ 𝐍𝐨𝐭𝐞𝐬 𝐨𝐧 𝐂𝐥𝐚𝐮𝐬𝐞𝐬 – Detailed explanations to help you interpret the legislation
✅ 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 – In-depth context behind the proposals
✅ 𝐁𝐮𝐝𝐠𝐞𝐭 𝐍𝐨𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 – Updates on important amendments and rules
✅ 𝐃𝐎 𝐋𝐞𝐭𝐭𝐞𝐫 – Official communication outlining budget priorities

𝐏𝐫𝐞-𝐨𝐫𝐝𝐞𝐫 𝐧𝐨𝐰 and get your copy 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐞𝐝 𝐚𝐭 𝐥𝐢𝐠𝐡𝐭𝐧𝐢𝐧𝐠 𝐬𝐩𝐞𝐞𝐝! https://taxmann.social/Patz1

23/01/2025

Taxmann's [Live] Webinar | India's Business Responsibility and Sustainability Reporting Framework

📋 Coverage of the Webinar:
✔️ Comprehensive Overview of Sustainability and ESG
✔️ Introduction to Business Responsibility and Sustainability Reporting (BRSR)
✔️ In-depth Understanding of the Nine Principles of BRSR
✔️ Insights into BRSR Core and Assurance Processes
✔️ Step-by-Step Guide to Developing an Effective BRSR
✔️ Q&A Session

📢 Speaker:
• CA. Chintan N. Patel – Partner | Naresh J. Patel & Co. Chartered Accountants
Chintan Patel is CA, CPA(USA), CS, CISA(USA), DISA and DIRM. He has authored a book on Ind AS and ICDS, published by Taxmann and delivered more than 500 presentations at various seminars/conferences.

📋 Relevant For:
• Chartered Accountants
• Company Secretaries
• Cost and Management Accountants
• Finance Executives
• Auditors
• ESG Professionals
• Chief Financial Officers
• Chief Executive Officers
• Senior Managers
• Merchant Bankers

23/01/2025

The article discusses the ruling by the Hon'ble Delhi Tribunal in the case of SC Lowy P.I. (LUX) S.A.R.L., addressing the critical issue of availing treaty benefits under the India-Luxembourg DTAA, as amended by the Multilateral Instrument (MLI). The Tribunal examined the principal purpose test (PPT) and validity of the Tax Residency Certificate (TRC), analyzing whether Revenue authorities can challenge treaty benefits despite compliance with the Limitation of Benefits (LOB) clause.

Read the Full Article for FREE! https://taxmann.social/jaf7O [5 Mins | Read Time]
Authored by: Shivam Bansal – Manager [Tax] & Kanika Mahajan – Staff Accountant | KPMG (B S R & Co. LLP)

23/01/2025

Your Insights and Expertise on GST from Taxmann! https://taxmann.social/lahuf [5 Mins | Read Time]

Explore the intricacies of GST with our daily newsletter, designed to keep you well-informed of the latest developments

Join our Community of over 70,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources – https://taxmann.social/tRzS