In a move poised to significantly benefit multinational corporations like Google, Microsoft, Oracle, and Walmart, the Indian government has announced that Employee Stock Option Plans (ESOPs), Employee Stock Purchase Plans (ESPPs), and Restricted Stock Units (RSUs) provided by foreign firms to their employees in India will not attract Goods and Services Tax (GST), subject to … Continue reading Landmark GST Exemption on ESOPs for Indian Subsidiaries of Global Giants
Category: news
CBIC Simplifies Valuation Norms for Foreign Supplies to Indian Subsidiaries
In a significant move aimed at streamlining international business transactions, the Central Board of Indirect Taxes & Customs (CBIC) has unveiled new valuation norms concerning services provided by foreign companies to their Indian subsidiaries. These services can now be assessed at open market value, contingent upon the Indian subsidiary receiving full Input Tax Credit (ITC). … Continue reading CBIC Simplifies Valuation Norms for Foreign Supplies to Indian Subsidiaries
Material Recycling Association Pushes for GST Cut on Metal Waste to Propel Circular Economy
Ever felt the weight of a metal scrap in your hands and wondered about its journey? Imagine, for a moment, the immense potential these discarded pieces hold. Now, picture the labyrinthine maze of India’s fragmented scrap collection system. It’s a system riddled with complexities, where many, lost in the intricacies of GST, find themselves ensnared … Continue reading Material Recycling Association Pushes for GST Cut on Metal Waste to Propel Circular Economy
The Magic of SIPs—Why Time in the Market Beats Timing the Market
A week ago, I had an intriguing conversation with a recently retired friend. Let’s call him Raj. Raj had just stepped into the world of post-retirement investments and was eager, yet cautious, about navigating these uncharted waters. Our discussion eventually led us to the topic of systematic investment plans (SIPs). “Isn’t timing the market crucial?” … Continue reading The Magic of SIPs—Why Time in the Market Beats Timing the Market
Karnataka’s Bold Push—MB Patil Courts Japanese Giants for Game Changing Investments
Imagine being in the heart of Japan, surrounded by the buzz of a high-stakes meeting where the future of investment and innovation is at stake. This was the scene as Karnataka’s Honourable Minister for Large, Medium Industries, and Infrastructure Development, MB Patil, led a high-level delegation on a mission to attract global companies to invest … Continue reading Karnataka’s Bold Push—MB Patil Courts Japanese Giants for Game Changing Investments
Unraveling GST Mysteries—CBIC’s Game-Changing Clarification on Corporate Guarantees
Imagine you’re in the heart of a bustling financial district, where every decision is as intricate as a finely woven tapestry. In this dynamic landscape, the Central Board of Indirect Taxes & Customs (CBIC) emerges as the clarion call for clarity, set to unveil detailed insights on the GST applicability for corporate guarantees. This upcoming … Continue reading Unraveling GST Mysteries—CBIC’s Game-Changing Clarification on Corporate Guarantees
ACMA Propels Automotive Revolution with Bold Budget Recommendations!
The Automotive Component Manufacturers Association of India (ACMA) is stepping into the arena of policy influence with a bold submission for the upcoming Union Budget. This move, laden with strategic proposals, aims to ignite a transformative wave within the automotive sector, spurring growth, innovation, and sustainability. At the heart of ACMA’s recommendations lies a call … Continue reading ACMA Propels Automotive Revolution with Bold Budget Recommendations!
From Surplus to Self-Sufficiency—India’s Audacious Journey Towards a Sustainable Biofuel Future
Harnessing its formidable agricultural prowess, India is poised to set a global standard for sustainable development, showcasing a strategic pivot from surplus to self-sufficiency. The minimum support price (MSP) mechanism serves as a critical lifeline for Indian farmers, ensuring a guaranteed minimum price for their crops irrespective of market volatility. Instituted by the government and … Continue reading From Surplus to Self-Sufficiency—India’s Audacious Journey Towards a Sustainable Biofuel Future
Central Government to Accelerate Repayment of ₹2.69 Lakh Crore GST Compensation Loans
The central government is poised to expedite the repayment of ₹2.69 lakh crore in market loans, originally secured to compensate states for GST revenue shortfalls during FY21 and FY22. According to an authoritative source, the repayment could be completed by November 2025, surpassing the earlier target of March 2026 by four months. This critical financial … Continue reading Central Government to Accelerate Repayment of ₹2.69 Lakh Crore GST Compensation Loans
Finance Minister Nirmala Sitharaman Reflects on Arun Jaitley’s Legacy Amidst GST Council Decisions
Union Finance Minister Nirmala Sitharaman, in the wake of queries regarding the inclusion of petroleum products under GST, evoked the foresight of her predecessor, Arun Jaitley. “Today’s GST Council meeting has seen significant strides in trade facilitation, the reduction of compliance burdens, and delivering tangible relief to taxpayers,” she asserted. When probed about the potential … Continue reading Finance Minister Nirmala Sitharaman Reflects on Arun Jaitley’s Legacy Amidst GST Council Decisions