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We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for March 2019. <br/><br/> The GST Council in its 28th meeting had approved the key features and the broad format of the new GST returns. Now, the government has released the draft return formats based on the features approved by the GST Council. Apart from this, a string of crucial announcements and rulings in the realms of direct tax, transfer pricing, and indirect tax have taken place...

Tax Street

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for March 2019.

The GST Council in its 28th meeting had approved the key features and the broad format of the new GST returns. Now, the government has released the draft return formats based on the features approved by the GST Council. Apart from this, a string of crucial announcements and rulings in the realms of direct tax, transfer pricing, and indirect tax have taken place...

We are pleased to present to you the quarterly issue of Investment Chronicle that focuses on the deal-making landscape in India, comprising Mergers and Acquisitions, and Equity Investments and Exits.

SKP Investment Chronicle

We are pleased to present to you the quarterly issue of Investment Chronicle that focuses on the deal-making landscape in India, comprising Mergers and Acquisitions, and Equity Investments and Exits.

Updates

VAT Implications on Bank Interest and Dividends and Taxability of Donations, Grants and Sponsorship
VAT Implications on Bank Interest and Dividends and Taxability of Donations, Grants and Sponsorship

We would like to update you with the recent updates introduced by the Federal Tax Authority (FTA) in relation to the VAT implications on interest income from bank deposits and dividend income and taxability of donations, grants and sponsorships. It is clarified that the Interest income generated from Bank Deposits does not constitute consideration for supply and such income can be said to be earned passively. Therefore, Interest income would be considered outside the scope of VAT...


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