When President Trump formally announced that the COVID-19 pandemic was a national disaster, he opened the way for employers – businesses and nonprofit organizations alike – to make tax-free payments to employees who ...
On March 20, 2020, the IRS published Notice 2020-18, clarifying that “Tax Day” for both filing and payment of federal income tax has been moved from April 15, 2020 to July 15, 2020.
As background, in response to the ...
The GST Council in its 39th meeting held on 14 March 2020 has made the following recommendations:
Movement in Tax Rate
Goods
• Increase in GST rates on mobile phones and specified parts to 18% from 12% ...
This Tax Alert summarizes a recent ruling of the Gujarat High Court1 which discussed the issue that whether a taxpayer is entitled to refund of the IGST paid on import of capital goods under Export Promotion Capital Good ...
This Tax Alert summarizes a recent ruling of the Karnataka Appellate Authority for Advance Rulings1 which upheld that ‘Pre-sale and Marketing Services’ rendered by an Indian subsidiary (‘service provider’/ ‘sup ...
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