Monthly Archives: February 2016

VAT on Service Tax- a myth or reality

VAT on Service Tax- a myth or reality
The Indirect Tax structure in India is composed of a group of tax laws and regulations. It is levied upon different activities including manufacturing, sale, trading, services and imports. Wide range of Indirect taxes consisting of Service Tax, Value Added Tax, Excise Duty and Custom Duty is

Promotion of Payments through cards and digital means

Promotion of Payments through cards and digital means
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of steps for promotion of payments through cards and digital means. The move aims at reducing cash transactions. Several short term (to be implemented within one year) and medium term

DTAA with Maldives to stop double taxation on International air transport income

DTAA with Maldives to stop double taxation on International air transport income
Agreement between India and Maldives for avoidance of double taxation of income from International air transport
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval forsigning of an Agreement between India and Maldives for the avoidance of

Software developer cannot be compared with service provider

Software developer cannot be compared with service provider
Transfer Pricing: Companies in software development services not comparable with those in development of software products and services
Brief of the Case
ITAT Bangalore held in the case of GXS India Technology Center Pvt. Ltd. vs. ITO that a company which is engaged in development of software