The government's move also implies that in the case of tax disputes, the foreign firms can't seek relief and compensation under these bilateral treaties, without first paying up the taxes demanded by the revenue department. The government has ... Financial Express, 1 month ago
Corporate tax reduction effective from FY17; instant relief comes in the form of GAAR deferment Giving a major push towards implementing a rational goods and services tax, Finance Minister Arun Jaitley took some steps to make the market ready for the increased tax rate which would subsume all indirect taxes. The service tax rate was revised from 12.36 per cent to 14 per cent. The educational and health cess was subsumed in the service tax rate increase. Speaking to reporters, Jaitley said the ...Rediff.com, 2 months ago
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