All posts by nangia

Tax cuts to come with many riders – Rakesh Nangia

September 25, 2019 nangia

As a major step to revive India Inc, Finance Minister on Friday has announced a Corporate Tax rate cut along with several other fiscal benefits. Our founder and Managing Partner Rakesh Nangia shares his views on Taxation Laws (Amendment) Ordinance 2019 with following publications:

Economic Times- Standalone story
Hindu Business Line- Companies to see improved earnings with lower tax outgo
Hindu Business Line- Tax cuts to come with many riders-Standalone story
Taxsutra

tax-cuts-to-come-with-many-riders-rakesh-nangia

THE NEWS FLASH

Recommendations made by GST council in its 37th meeting held on 20 September, 2019

September 25, 2019 nangia

Greetings! Finance Minister Nirmala Sitharaman announced the reduction of GST rates in its 37th GST Council meeting held on 20 September, 2019. A brief summary of relevant recommendations (made by the Council) are as under:

Law and Procedure related changes
Exemption/ Changes in GST rates/ ITC Eligibility
Criteria Exemption of Services
Reverse Charge Mechanism (‘RCM’)
Miscellaneous

Additionally, it is pertinent to note that aforesaid recommendation would be effective once notification (i.e. 1 October 2019, recommended date by GST Council) in this regard would be issued. We are pleased to send you a copy of THE NEWSFLASH on the “Recommendations made by GST council in its 37th meeting held on 20 September, 2019”.