The Central Board of Direct Taxes (CBDT) has specified a list of equity share sale transactions that will have to comply with the new Budget provision and pay long-term capital gains tax if securities transaction tax was not paid.  These include purchase of shares of a listed company that are not frequently traded through preferential issue, transaction for purchase of listed equity share in a company is not entered through a recognised stock exchange and acquisition of shares of a company during the period it was delisted from recognised stock exchanges.

1. Rakesh Nangia, Managing Partner shares his views on aforementioned story for Hindu Business Line.

 

2. Rajat Mohan, Director- Indirect Taxation shares his views on Industry on GST rate structure: ‘Timely’ call on rates to help in smoother transition for Indian Express.

 

Going beyond the roll-out of the Goods and Services Tax (GST), experts share insights on some key tax and regulatory changes that corporate India will have to prepare for in the new financial year. General anti-avoidance rule (GAAR)  Change: GAAR kicks in from April 1.  It gives wide powers to tax authorities to disregard transactions or re-characterise income, if the transactions lack commercial substance.

1. Rakesh Nangia, Managing Partner shares his views on aforementioned story for Business Standard.

2. Neha Malhotra, Executive Director shares her views on GAAR raises issue of taxman’s powers for Hindu Bussiness Line.

   

Education, healthcare and pilgrimages will continue to be out of service tax net even under the GST regime as the Centre is against giving any shock in the first year of the rollout by bringing in new services. Rajat Mohan, Director- Indirect Taxation shares his views on  Education, healthcare to be out of GST and Finance Ministry Seeks Public Comments On GST Rules for following publications:

• Economic Times
• Business Standard- Standalone and Front page story
• Financial Express
• DNA
• BloombergQuint
• Indian express
• LiveMint
• The Hindu
• PTI

–          Education, healthcare to be out of GST – picked up by 562 other news publication –          Finance Ministry Seeks Public Comments On GST Rules- picked up by 307 other news publication (Stories flashed by PTI have been picked up by Economic Times, Business Standard, Financial Express, The Hindu, LiveMINT, moneycontrol.com, DNA and many more..) Attached are links to the article http://www.business-standard.com/article/economy-policy/higher-levy-under-gst-for-demerit-goods-exchange-offers-117040200752_1.html http://economictimes.indiatimes.com/news/economy/policy/companies-can-avail-up-to-40-per-cent-gst-credit-for-excise-already-paid-on-stocks/articleshow/57980821.cms http://www.financialexpress.com/india-news/finmin-places-8-set-of-gst-rules-in-public-domain-applicable-once-it-is-implemented-from-july-1-seeks-comments/612268/ http://profit.ndtv.com/news/economy/article-finance-ministry-seeks-public-comments-on-gst-rules-1676476 http://www.moneycontrol.com/news/business/economy/education-healthcare-to-be-out-of-gst-2251527.html https://www.bloombergquint.com/gst/2017/04/02/no-gst-shock-this-year-healthcare-and-education-to-be-exempt http://www.livemint.com/Politics/2QQZlIiL8YsEOudFdBiX2K/Education-healthcare-to-be-out-of-GST.html http://businessworld.in/article/Education-Healthcare-To-Be-Out-Of-GST/02-04-2017-115569/ http://www.thehindu.com/business/Economy/education-healthcare-to-be-out-of-gst/article17762031.ece  

GST Bill was passed by Lok Sabha on Wednesday raising hopes of the new tax regime coming into force from 1 July, 2017. Here are the few contentious issues that may haunt the tax payers as well as consumers if they are not addressed properly. Rajat Mohan, Director- Indirect Taxation shares his views on Here are 6 issues that may haunt tax payers, consumers for Business Today. Attached is link to the article http://www.businesstoday.in/current/economy-politics/gst-6-key-issues-that-may-haunt-tax-payers-consumers/story/249013.html