Government orders biggest review of GST since its launch

October 11, 2019

NEW DELHI: Two years after its launch, the government has begun the biggest review of GST – including a possible resetting of rates along with a scrutiny of the slabs-to tone up collections and plug leakages. The task has been assigned to a 12-member committee of state and central government officials to “augment GST collection and administration”, set up a day before the PMO leads consultations with state chief secretaries…

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Government may have ‘bad news’ for Google, Facebook, Amazon and other tech companies

October 11, 2019

MUMBAI: Multinational enterprises (MNEs) such as Google, Facebook, Amazon and Netflix (to name a few), which have a huge consumer base in several countries but no physical presence, may in the coming year or two be dealing with a new global tax mechanism. Under this new system, ‘some’ profits and corresponding taxing rights will be re-allocated to countries where the consumers (markets) are based. This move is part of the…

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