Courier companies seek relief on GST E-way bill rule
GST Rule 138E, which took effect in November, doesn’t allow an entity that hasn’t filed returns for two straight months to generate an e-waybill. While the rule won’t impact direct deliveries to ecommerce customers, business-to-business (B2B) orders from overseas will likely get hit.
Foreign companies will be taxed for money earned by Indian arms
Questioning has begun. The tax department has already issued notices to subsi...
Income-tax needs rationalisation, not reduction: Ashutosh Dikshit, Deloitte
It is still early days yet but one would expect a positive outcom...
ETRISE Top MSMEs Ranking: As GST collections slip, compliance cost increases
A slowdown in consumption is also hurting tax collections and a prolong period of economic uncertainty will further pressure.
Slump to hit increments but hot skills to command a premium
“The skill differentiation and the performance differentiation will be almost equal in terms of increments paid out,” said Anandorup Ghose, a partner at Deloitte. “There may be someone with a particular kind of machine learning skill who hasn’t had a great output this year.
Roadshows to lure investors for Concor
They said investor interest is being determined through the roadshows, which will be followed by detailed expressions of interest and formal proposals. On Friday, shares of Concor closed 0.28% higher on the BSE at Rs 563.10.
NCLAT reserves order over NCLT's jurisdiction to implead auditors in IFIN case
The two-member bench led by Chairman Justice S J Mukhopadhaya also sought a written submission from the Ministry of Corporate Affairs by Tuesday, to determine whether the NCLT has jurisdiction to initiate civil proceedings against any party.
GST authorities begin audit exercise: issue show cause notices
India Inc is set to face first ever tax audit under the GST regime. The taxpayers are being asked to furnish detailed records of GST forms, income tax papers and other documents for detailed records for FY2018. Tax authorities had issued a detailed GST manual telling at least 70% of taxpayers in each commissionerate have to be audited.
L&T Infrastructure Finance to provide Rs 518 crore loan to AG&P for city gas projects
AG&P is the largest foreign player in the city gas distribution business after it won licenses to retail compressed natural gas to automobiles and piped cooking gas to households in 12 cities in Andhra Pradesh, Karnataka, Kerala, Rajasthan and Tamil Nadu.
Private companies with large borrowings to undergo secretarial audit
On the move to bring all companies with outstanding loans of Rs 100 crore or more under the ambit of secretarial audio, Kankani said, “this move will increase cost a little but will ensure better compliance by companies which have exposure to public funds.”
What will technology jobs look like a decade from now?
Individuals will need to upskill to ensure career longevity even as automation takes over certain jobs. Careers in vogue right now may not even exist a decade later. Blockchain, cryptocurrency, robotics and autonomous vehicles —all emerging technologies — will become mainstream over the next decade, requiring thousands of specialists.
IFIN case: Regulator says Deloitte didn’t comply with guidelines
NFRA has said that Deloitte had failed to comply with auditing standards in carrying out statutory audit of IL&FS.
Aon India's senior executives quit firm to join Deloitte
Anandorup Ghose, a partner and the head of emerging markets at Aon, who also headed its performance, rewards and organisation practice, has resigned after a nearly 14-year stint and joined Deloitte. A team of 15-plus consultants including three directors have left with him.
India hopes to continue FDI growth story in 2020
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said that despite a slowdown in the global economy, inflows of foreign investment into the country have not been impacted. India received a USD 27.2-billion foreign investment in the first half of 2019 and the pace is said to have sustained thereafter.
Big 4 audit companies scramble for forensic assignments of scam-hit corporates
Players see up to 25% growth in forensic business in past 3 years even as strict regulatory action hits audit operations.
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