GST 2016

GST News 22nd Sep 2017

The Goods and Services Tax (GST) Council has put in place an elaborate framework for division of taxpayers between the state and central tax authorities, in a move aimed at bringing clarity and effectiveness in the administration of the new indirect tax regime.
One nation, one tax: Nearly 3 million GST returns filed in August
Export Commission paid to Indian agent of Non Resident, taxable in India; Disallowance of commission in hands of payer under section 40(a)(i)

Recently Madras High Court has held that commission paid to an Indian agent of a non-resident (NR) will be taxable in India as business income. as a result, such payment shall be subject to withholding tax under section 195 of the Income-tax Act, 1961 and non-compliance of the same was liable for disallowance of such payments under section 40(a)(i) of the Act. Export Commission paid to Indian agent of Non Resident, taxable in India; Disallowance of commission in hands of payer under section 40(a)(i)

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