When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities - crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) - were kept out of its purview

The draft has stated that sharing of data for industrial development would be encouraged and regulations for data will be provided for the sharing mechanism

Government believes that Cairn had set up a tax-abusive structure and did not pay taxes anywhere in the world on the gains that it made in India; it was well within India's sovereign powers to redress the situation

Once the court recognises an arbitration award, the company can petition it for seizing any Indian government assets such as bank accounts, airplanes and ships in those jurisdictions, to recover the monies due to it

Finance Minister Nirmala Sitharaman had on March 5 indicated the government's intent to appeal against the award when she said it is her \"duty\" to appeal in cases where the nation's sovereign authority to tax is questioned

Ahead of savings and investments, it is crucial for women to cover against any health risks. Unforeseen medical expenses may eat upon your investments and pull down your goals for which you have been saving for long

The circular offers relief to only those who may be subject to double taxation, but offers no help to people from countries with whom India does not have a DTAA or impacted by absence of short stay exemption

The Ecowrap report, authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India stated that Centre and states do not want to bring oil products under the GST regime as sales tax and VAT comprise a major source of tax revenue

NRIs facing double taxation even after taking into account the relief provided by the relevant Double Taxation Avoidance Agreement will have to fill Form-NR electronically by March 31, 2021

There are talks of North Block considering an 18 per cent GST on Bitcoin transactions. But, could there be a sin tax of 28 per cent, given its alleged nefarious status

HDFC Bank refused to compromise on profitability and tapped semi-urban and rural markets to emerge far ahead of rivals

SC says there is no obligation on a person to deduct tax at source, as the end-user licence agreements in these cases do not create any interest or right in such end-users, which would amount to the use of or right to use any copyright

Accepting that the government has missed its disinvestment target over the last few years, Sitharaman said pandemic affected its plans in FY20, while a slowing economy and lack of appetite hit in FY19.

Indian shipping companies are subject to 5 per cent GST if an overseas consignor appoints them for import cargo transportation but if the consignor appoints a foreign shipping line for the same service, GST is not applicable as the shipping company is not registered in India

If you are a conservative investor and your idea of investing in tax-saving instruments is not to earn huge returns by taking high risk, here is a list of investment options under Section 80C that offer guaranteed returns

Losing capital is something that keeps us away from getting returns. Invest in equities, but don't look at it every day

If you are a young employee, you must understand how the taxation on your salary works. Your salary is divided among various components such as basic salary, allowances, reimbursements and contributions. Before you start making tax-linked investments, you should pay attention to your salary as to how you can reduce your tax outgo. For example, reimbursements and food coupons are some great options to do that. Watch the video to know more.Also Read: RBI tightens digital payment security norms for lenders; issues new rules

Managing your money can be tricky. Send your queries, and personal finance experts will help you resolve any issue

FDI surge from Cayman Islands makes it the new Mauritius; chorus grows China might be routing investments into India through it

Stock Market Updates Today: Sun Pharma, ITC, HDFC were trading among the top losers today while RIL, L&T, Maruti were among the top gainers