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Multinational companies’ liaison offices under GST scanner

The ruling by the Karnataka authority has held liaison office to be an intermediary separate from the parent, making it liable to GST. It has also brought to the fore differences among definitions of liaison office by the Reserve Bank of India (RBI) and for the purposes of income tax and GST.

10 Nov, 2020, 08.08 AM IST

  • 07 Dec, 2020, 06.49 PM IST

    Flex, a NASDAQ-traded multinational electronics manufacturing services company, also said it will hire 20% more person with disabilities, according to the company’s director for human resources (HR) in India, Sandra Andrews. This will be focused on the company’s manufacturing sites in Chennai and Sri City. The company already has more than 100 PwDs employed across the country.

    07 Dec, 2020, 04.11 PM IST

    Cotton Association of India has revised its cotton export estimate for 2020-21 downward by 10% to 5.4 million bales of 170 kilograms each because Indian cotton is no longer the cheapest in the world after a jump in domestic prices.

    09 Nov, 2020, 09.20 PM IST

    They are among a number of companies that have shifted the annual ritual of Diwali parties and gifts for staff to online. While they are trying to keep the employee spirit up during the festive season, the pandemic has indeed impacted sales of sweets and other Diwali gifts with many companies either forgoing dishing out gift hampers or toning down such expenses.

    12 Nov, 2020, 08.15 AM IST

    Multinational firms in industries such as manufacturing, IT, telecom and pharmaceuticals are setting up India technology units headed by expatriates on multi-year contracts. Staffing firm Teamlease has been executing the recruitment of about 80 such high-level executives in the past few weeks.

    23 Nov, 2020, 04.15 PM IST

    This is set to create a tug of war between tax authorities of large economies such as the US, China, UK, India and other European countries over who has the first right to tax a multinational. Most tax authorities have become assertive at a time when they have witnessed their tax revenues drop drastically as economic activity took a tremendous hit due to Covid pandemic.

    12 Jul, 2020, 11.30 PM IST

    The government recently expanded the scope of the equalisation levy – imposed on cross-border digital transactions in 2016 in a bid to tax internet giants’ digital advertising revenues from India –to include any purchase by an Indian or India-based entity through an overseas e-commerce platform, with effect from April 1.

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  • 07 Dec, 2020, 06.49 PM ISTFlex, a NASDAQ-traded multinational electronics manufacturing services company, also said it will hire 20% more person with disabilities, according to the company’s director for human resources (HR) in India, Sandra Andrews. This will be focused on the company’s manufacturing sites in Chennai and Sri City. The company already has more than 100 PwDs employed across the country.07 Dec, 2020, 04.11 PM ISTCotton Association of India has revised its cotton export estimate for 2020-21 downward by 10% to 5.4 million bales of 170 kilograms each because Indian cotton is no longer the cheapest in the world after a jump in domestic prices.09 Nov, 2020, 09.20 PM ISTThey are among a number of companies that have shifted the annual ritual of Diwali parties and gifts for staff to online. While they are trying to keep the employee spirit up during the festive season, the pandemic has indeed impacted sales of sweets and other Diwali gifts with many companies either forgoing dishing out gift hampers or toning down such expenses.12 Nov, 2020, 08.15 AM ISTMultinational firms in industries such as manufacturing, IT, telecom and pharmaceuticals are setting up India technology units headed by expatriates on multi-year contracts. Staffing firm Teamlease has been executing the recruitment of about 80 such high-level executives in the past few weeks.23 Nov, 2020, 04.15 PM ISTThis is set to create a tug of war between tax authorities of large economies such as the US, China, UK, India and other European countries over who has the first right to tax a multinational. Most tax authorities have become assertive at a time when they have witnessed their tax revenues drop drastically as economic activity took a tremendous hit due to Covid pandemic.12 Jul, 2020, 11.30 PM ISTThe government recently expanded the scope of the equalisation levy – imposed on cross-border digital transactions in 2016 in a bid to tax internet giants’ digital advertising revenues from India –to include any purchase by an Indian or India-based entity through an overseas e-commerce platform, with effect from April 1.

Source: https://economictimes.indiatimes.com/topic/multinational-companies

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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