Retrospective Tax
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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
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28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre
As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and casinos even before.
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"Don't Impose GST On Online Gaming Retrospectively": Fantasy Sports Body
The Federation of Indian Fantasy Sports (FIFS) on Wednesday urged the government not to impose a 28% GST on online gaming with retrospective effect, as it is discouraging investors from putting their money into this booming industry.
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Ashneer Grover Slams Rs 55,000 Crore Tax Notice To Gaming Firms: ''Harassing Businessmen''
The former BharatPe founder questioned the thought process of people running the tax department and said that their goal is just to ''harass businessmen.''
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Indian Online Gaming Firms Planning to Relocate Could Violate Laws: Official
Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.
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Cairn Gets Rs 7,900 Crores From India In Retro Tax Dispute Settlement
The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over the levy of retrospective taxes.
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Cairn Drops All Lawsuits Against India, Entitled For Rs 7,900 Crore Tax Refund
Britain's Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand.
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Cairn Drops Lawsuits In US, UK Against Government On Retrospective Tax Issue
Britain's Cairn Energy Plc has dropped lawsuits against the government and its entities in the US and other places
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Scrapping Retro Tax Law To Record GST Mop-Up: 2021- A Year Of Many Firsts
With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination.
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Vedanta Withdraws Cases On Tax Dispute Against Government
Vedanta has withdrawn cases in Delhi High Court and before an international arbitration tribunal to settle a Rs 20,495 crore retrospective tax dispute
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Trust Between Government, Industry Up After Scrapping Retrospective Tax: Rajnath Singh
The trust between the government and the industry has increased following the scrapping of the retrospective taxation regime, Defence Minister Rajnath Singh said on Wednesday.
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Centre Releases Draft Rules For Withdrawal of Retrospective Tax Demands
The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it
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Rules On Retrospective Tax Demand Being Framed, Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said rules that will facilitate scrapping of retrospective tax demands will be framed soon.
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"Undid A Mistake Of The Past, Retrospective Tax": PM Modi
The government's move to end retrospective tax signified the undoing of a mistake in made in the past, Prime Minister Narendra Modi said today at the annual meeting of the Confederation of Indian Industry or CII.
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Undid Mistake Of The Past, Retrospective Tax: PM Modi At CII Event
Prime Minister Narendra Modi is addressing the Confederation of Indian Industry (CII) annual meeting.
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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
-
28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre
As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and casinos even before.
-
"Don't Impose GST On Online Gaming Retrospectively": Fantasy Sports Body
The Federation of Indian Fantasy Sports (FIFS) on Wednesday urged the government not to impose a 28% GST on online gaming with retrospective effect, as it is discouraging investors from putting their money into this booming industry.
-
Ashneer Grover Slams Rs 55,000 Crore Tax Notice To Gaming Firms: ''Harassing Businessmen''
The former BharatPe founder questioned the thought process of people running the tax department and said that their goal is just to ''harass businessmen.''
-
Indian Online Gaming Firms Planning to Relocate Could Violate Laws: Official
Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.
-
Cairn Gets Rs 7,900 Crores From India In Retro Tax Dispute Settlement
The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over the levy of retrospective taxes.
-
Cairn Drops All Lawsuits Against India, Entitled For Rs 7,900 Crore Tax Refund
Britain's Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand.
-
Cairn Drops Lawsuits In US, UK Against Government On Retrospective Tax Issue
Britain's Cairn Energy Plc has dropped lawsuits against the government and its entities in the US and other places
-
Scrapping Retro Tax Law To Record GST Mop-Up: 2021- A Year Of Many Firsts
With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination.
-
Vedanta Withdraws Cases On Tax Dispute Against Government
Vedanta has withdrawn cases in Delhi High Court and before an international arbitration tribunal to settle a Rs 20,495 crore retrospective tax dispute
-
Trust Between Government, Industry Up After Scrapping Retrospective Tax: Rajnath Singh
The trust between the government and the industry has increased following the scrapping of the retrospective taxation regime, Defence Minister Rajnath Singh said on Wednesday.
-
Centre Releases Draft Rules For Withdrawal of Retrospective Tax Demands
The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it
-
Rules On Retrospective Tax Demand Being Framed, Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said rules that will facilitate scrapping of retrospective tax demands will be framed soon.
-
"Undid A Mistake Of The Past, Retrospective Tax": PM Modi
The government's move to end retrospective tax signified the undoing of a mistake in made in the past, Prime Minister Narendra Modi said today at the annual meeting of the Confederation of Indian Industry or CII.
-
Undid Mistake Of The Past, Retrospective Tax: PM Modi At CII Event
Prime Minister Narendra Modi is addressing the Confederation of Indian Industry (CII) annual meeting.
