KPMG says 5G will add to GDP, highlights need to ease financial burden in telecom sector
The report launched at India Mobile Congress (IMC) comes at a time when the telecom sector is awaiting the roll out of the latest airwave via auctions but has asked for a more reasonable sale price on the spectrum.
GST Input tax credit without invoice capped at 20% to plug revenue leakage
There was no such restriction until now – input tax credit was cla...
Venture investments up 69% at $16.4 bn in Q2
This is the strongest ever quarter by deal values for the private equity and venture capital ind...
Food outlet company Lite Bite to raise Rs 500 crore through PEs
The funds will be used for Lite Bite’s Indian and international expansion.
Top court asks government to move HC against relief to KPMG firm
The apex court further said that these directions are passed, so that the matter could be taken up for final disposal by the high court in October.
IFIN case: Supreme Court refuses to overturn HC relief to KPMG firm
The government is seeking a five year ban on audit firms KPMG and Deloitte for their alleged roles in the IL&FS failure.
India Inc scrambles to weed out biases at workplace
Organisations are increasingly investing time and effort in sensitising their leaders on the various unconscious biases.
Global consultancy firm to be engaged for rating police stations
“The selected auditing firm will be required to physically visit each one of the shortlisted police stations in all the states and union territories,” said an official, who did not wish to be identified.
Deloitte Haskins and Sells questions NCLT ambit
Deloitte Haskins and Sells challenged Centre’s plea at NCLT that seeks a five-year ban on former auditors of IL&FS Financial Services (IFIN).
Financial services firms come under taxman’s scanner
Indirect tax officials suspect that some of these companies may have claimed input tax credit on expenses incurred before the switchover to the GST regime in July 2017, said people aware of the matter.
EY plans to hire 14,000 for global delivery services team
The audit and professional services major is looking to recruit more talent with expertise in advanced analytics and other highly-skilled professionals across its eight GDS centres in the country that already employ about 27,000 people.
Contract coal mining to grow fourfold by 2030
According to the report, the total number of large players in this segment, at present, is around 10-15.
Global consultants to audit over 125 centrally-sponsored schemes
Niti Aayog ropes in KPMG, IPE Global, Deloitte and EY; assessment scheduled to get over by December.
Infra companies, SEZ units unclear on use of MAT credits
While the ordinance enacting the lower tax does not ban companies from availing MAT credit, there is no clarity on how MAT credit will be allowed under the present law.
QuEST Global names former KPMG partner, Gregory Smith, to the Board
Alongside this role, Smith will also serve on the audit committee of QuEST Global.
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