Public Procurement (Preference to Make in India), Order 2017
The Government has issued Public Procurement (Preference to Make in India), Order 2017 today as part of the policy of the Government of India to encourage ‘Make in India’
CBDT invites comments and suggestions on the Draft Notification in respect of foreign company said to be resident in India under Section 115JH of the Income-tax Act, 1961
Finance Act, 2016, inter alia, introduced special provisions in respect of foreign company said to be resident in India on account of Place of Effective Management
Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates
The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.
19.5% Growth in Foreign Tourist arrivals in may, 2017 over may, 2016
Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) & FTAs on e- Tourist Visa on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI).
Reduced Liability of Tax on complex, building, flat etc. under GST
The CBEC and States have received several complaints that in view of the works contract service tax rate under GST at 12% in respect of under construction flats, complex etc,