Smooth execution without technical glitches critical for GST filing system: Experts
The government plans to link GSTR 1, the form used to fill outward supplies, with GSTR 3B, used to fill returns summary, which will reduce mismatch of information through auto-population. The linking would also lead to reduced cases of input tax credit mismatch, unintended errors and also prevent tax evasion.
Infrastructure spending can help spur economic activity: KPMG
The Rs 111 lakh crore National Infrastructure Pipeline (NIP) built on Infrastru...
Continuation of safeguard duties on imports from China for third consecutive year creates confusion
"The solar industry has been recommending...
Indian consumers cautious about spending amid coronavirus pandemic: KPMG survey
Elaborating on consumer spending habits, the KPMG India survey said,"78 per cent of the respondents claim to reduce on discretionary spending...tier-II and -III cities are 1.9x more positive than the tier-I cities."
Domestic fintech deals have doubled to $1.7 billion during January-June, says report
Total investments by venture capital funds, private equity players and also mergers and acquisitions by large corporates in the domestic fintech space saw $1,052.4 million worth of deals closing in the first quarter of 2020 across 38 transactions, the report by KPMG International said.
Rules of origin rejig may raise compliance burden for Indian businesses
All exporters may not have elaborate procedures and standard operating procedures to seek confirmations from their supplier, he added, which may lead to increased compliance burden.
Ernst & Young, PricewaterhouseCoopers, KPMG qualify tech round for startups
The consultant will be the single node of access to line ministries for startups to pitch their ideas and as they trial-run disruptive technologies and implement pilots.
Maharashtra Appellate Authority of Advance Rulings allows input tax credit for companies using vehicles to transport cash to ATMs
The AAAR said the revenue department’s arguments that money be treated differently from other goods since RBI guidelines are not applicable on other goods, was “devoid of any merit and is not sustainable… erroneous and absurd, and do not merit to be considered.” ET has reviewed a copy of the order.
Online fantasy sports a game of skill not chance
The Online Fantasy Sports sector, which has been growing at a compounded annual rate of 32%, is expected to touch $3.7 billion by the end of 2024, as per consultancy firm KPMG.
Coronavirus effect: Work from Home turns into Stay at Home for India Inc
To make WFH transition smooth, companies are putting in place guidelines to maintain productivity and ensure work-life balance. Some like Pidilite have introduced digital etiquette, a fixed lunch break and defined start and end time, among others. Others such as Deloitte have emotional wellbeing sessions.
Karnataka AAR ruling: Subletting, leasing under GST ambit
In a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months, AAR noted that the property given out for sub-renting matched that of a hotel – rooms with attached bathrooms – “which can by no imagination be termed as residential dwelling”, or a house.
Residential real estate will definitely do well in the long run: KPMG India
‘Technology will play a major role in the residential sector going forward’
Covid impact: Consultancies, law firms lower partner targets by 10% to 25%
In the last 20-years the large consultancies and law firms have only seen growth—even during the 2008 slowdown. The big four firms—EY, PwC, KPMG, Deloitte—for instance have grown by at least 18-20% year on year since 2000.
Ensuring brand protection and integrity in the times of Covid-19
Safeguarding an organisation’s brand integrity and consumer’s safety is now of utmost priority than ever before, owing to an increased efflux of counterfeit, damaged and expired products in the aftermath of the COVID-19 outbreak.
Talent from consultancies in high demand as faltering businesses need a post-Covid reboot
Companies across sectors such as automobile, pharma, information technology, manufacturing, and chemicals are looking for talent from consultants such as Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, BCG, McKinsey, Bain, and Accenture in a bid to bolster their strategy team, company officials and executive search experts said.