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Welcome to the tax library. Here, you can browse through a selection of our newsletters -Tax Quarter and Tax Alerts- for topical tax and regulatory updates.

Tax Alerts  |  Tax Quarterly

Month Tax Alerts
August EY Global Tax Alert - OECD, UN, IMF and World Bank issue toolkit for difficulties in accessing comparable data for TP analysis
EY Tax Alert - HC holds restriction imposed under CENVAT credit rules for utilization of CENVAT credit as ultra vires of Rule 3(1)
EY Tax Alert - Larger Bench of Gujarat High Court reconciles distinction between “provision” and “write off” of bad debt for MAT purposes
EY Tax Alert - CBDT provides relief to Foreign Portfolio Investors from investor diversification conditions specified in the safe harbor regime for onshore management of offshore funds
GST News Alert - GST Council reduces rates for certain supplies and approves rules on e-way bill
EY Tax Alert - Delhi High Court upholds weighted R&D deduction for recognized in-house R&D facility from the date prior to recognition and approval (Maruti Suzuki)
July EY Tax Alert - Indian tax administration issues clarifications to compute book profit for MAT levy for Ind-AS companies
EY Tax Alert - CBDT clarifies no withholding tax on GST component in relation to services
EY Tax Alert - Central Board of Direct Taxes issues final rules prescribing methodology for determining fair market value of unquoted shares
EY Tax Alert - Bangalore Tribunal rules on constitution of service PE for services rendered virtually as well as physically
EY Tax Alert - Chhattisgarh High Court rules on carry forward of losses when loss return is filed after the due date for filing tax return
EY Tax Alert - Special Bench confirms non-applicability of expense disallowance methodology under Rule 8D to Minimum Alternate Tax
EY Tax Alert - Central Government notifies exclusions from section introduced for prohibition of cash receipt; CBDT clarifies the applicability of the section for NBFCs
EY PAS Alert: Revision in the Certificate of Coverage application form to be issued under a Social Security Agreement
June EY PAS Alert - New clarification by the Provident Fund Office on the definition of International Worker as applicable for Indian employees
EY Global Tax Alert: India Tax Authority issues rules for implementing secondary transfer pricing adjustment provision
EY Tax Alert - CBEC releases four Rules approved by GST Council and issues Notifications under Central and Integrated GST
EY Flash News - Rules for implementing secondary transfer pricing adjustment
EY Tax Alert - CBDT invites public comments on the application of income tax provisions to first-time POEM resident foreign companies
EY Tax Alert - CBDT clarifies trade advances are not “deemed dividend”
EY Global Tax Alert - Indian TA issues amended safe harbor rules on TP for international transactions
EY Tax Alert - CBDT Press Release clarifies on Supreme Court ruling on constitutional validity of Aadhaar-Permanent Account Number (PAN)
EY Tax Alert -SC rules use of know-how obtained while setting up new manufacturing unit is capital expenditure (Honda SIEL)
EY Tax Alert - CBDT notifies rules and form for deduction of tax on rent payment exceeding INR50,000
EY Tax Alert - India signs Multilateral Instrument and releases provisional list of reservations and notifications
EY Flash News - Amended safe Harbor rules on transfer pricing for international transactions issued
Global Tax Alert - 68 jurisdictions sign the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
EY Tax Alert : CBDT notifies cost inflation index for tax year 2017-18 with tax year 2001-02 as new base year
EY Regulatory Alert - Department of Economic Affairs releases framework providing for way forward after abolition of Foreign Investment
EY Tax Alert - Delhi Tribunal rejects depreciation claim on government approvals and non-compete fees(Pitney Bowes)
EY Tax Alert - Central Government notifies the transactions of listed equity shares not eligible for Long Term capital gains exemption
EY GST News Alert: CBEC releases final return rules, GST rate schedule for certain goods and IGST exemption list as approved by GST Council
May EY PAS Alert : New monthly online return form for exempted / relaxed Private Provident Fund Trusts
  EY GST News Alert - GST Council finalizes tax rates for services under GST regime
  EY Regulatory alert - Union Cabinet approves the decision to abolish Foreign Investment Promotion Board
EY PAS Alert - Directions for Certificate of Coverage issued under Social Security Agreement
EY IDT Alert - GST Council finalizes rules on Registration, Valuation, ITC, Invoice, Payment, Refund and Composition and also rates of goods and services
EY Tax Alert - Supreme Court rules on characterization of property rental income as income from house property(Raj Dadarkar & Associates)
  EY Tax Alert - CBDT releases draft Income Computation and Disclosure Standard on Real Estate transactions
  EY Tax Alert - Supreme Court upholds disallowance of expenditure incurred in relation to exempt dividend income (Godrej Boyce)
  EY Tax Alert - Supreme Court upholds disallowance of expenditure on default in withholding tax, irrespective of whether it is paid or payable (Palam Gas)
  EY Tax Alert - Delhi High Court upholds constitutional validity of provision mandating filing of tax return within prescribed due-date to claim tax holiday (Nath Brothers)
April EY Tax Alert - FTP 2015-20 amended to extend the benefit of Services Exports from India Scheme (SEIS) till 31 March 2017
EY – GST News Alert - CBEC releases draft rules on Accounts and Records, Appeals and Revision and Advance Ruling under GST
EY Tax Alert – Supreme Court rules accumulated losses of amalgamating company to be set off after reducing interest waiver benefit (McDowell)
EY Tax Alert - HC quashes levy of service tax on services of promotion and marketing of lottery in absence of machinery provisions
EY Tax Alert – MoF issues Notifications and Circular for services relating to transportation of goods by vessel
EY Regulatory Alert - MCA notifies cross border merger provisions
EY – GST News Alert - CBEC releases draft rules on Assessment and Audit under GST and E-Way Bill
EY Tax Alert - Tribunal rules foreign tax credit can be claimed in respect of taxes withheld in the US; to be restricted to rates prescribed in the tax treaty (Bhavin Shah)
EY Global Tax Alert - India introduces secondary adjustment and interest limitation rules
EY Tax Alert - Highlights of Taxation Laws (Amendment) Bill, 2017 introduced in Lok Sabha
EY Tax Alert - Ahmedabad Tribunal rules on withholding obligation upon actual payment of royalty (Saira Interiors)
EY Tax Alert - GST Council approves revised rules on Registration, Return, Invoice, Payment and Refund and clears draft rules on Valuation, Transition, Input Tax Credit and Composition for public comment
EY Tax Alert - Delhi Tribunal rules on advertisement and promotion expenses involving use of trademarks as not royalty (Reebok)
EY DT Alert - CBDT notifies ITR forms for tax year 2016-17
March EY Tax Alert - Supreme Court rules share premium not part of “capital employed” for amortized deduction of preliminary expenditure (Berger Paints)
  EY GST Alert : Highlights of the GST Bills, 2017 introduced in Lok Sabha
  EY Tax Alert - Indian administration notifies cases for waiver/reduction of interest on default in withholding of taxes
  EY Tax Alert - Maharashtra State Budget 2017-18 - Amendments in VAT, profession tax and entry tax
  EY Tax Alert - HC denies refund of SAD paid on import of coil sheets sold after corrugation as proflex roof
  EY Tax Alert - Bangalore Tribunal rules excess price paid over the fair value of shares in a buyback be regarded as dividend (Fidelity)
  EY Tax Alert - CBDT issues clarifications for smooth implementation of Income Computation and Disclosure Standards
  EY PAS Alert - Provident Fund refund to eligible International Workers to be paid in their Indian bank account on the date of completion of Indian employment
  EY Tax Alert - CBEC issues Master Circular on Show Cause Notice, Adjudication, Recovery and Miscellaneous matters
  EY PAS Alert - Social security update: Reduction in administrative charges and Social Security Agreement signed between India and Brazil
  Budget Connect 2017 - Amendments at enactment stage of Finance Bill, 2017
  GST News Alert - Cabinet approves Central GST, Integrated GST, Union Territory GST and Compensation laws
  EY GST News Alert - GST Council clears final draft laws of State GST and Union Territory GST
EY DT Alert - Delhi Tribunal rules on indirect transfer of shares on transaction undertaken in 2006 
EY PAS Alert - Transfer from Provident Fund / Superannuation Fund to National Pension System 
February EY DT Alert - Supreme Court rules payments made for use of common facility not fees for technical services 
EY PAS Alert - India’s Comprehensive Social Security Agreements with Germany and Portugal comes into force 
EY DT Alert - Special Bench of Hyderabad Tribunal rules lower DTAA rates apply for payments to non-residents even in absence of PAN 
GST News Alert - GST Council clears draft Law for Compensation to States 
EY Global Tax Alert - Recent OECD amendments on BEPS 
Budget Connect 2017 - Budget impact on Media & Entertainment sector 
Budget Connect 2017 - Highlights of Indirect Tax proposals in the Union Budget 2017-18 
Budget Connect 2017 - Infrastructure sector alert 
Budget Connect 2017 - Financial services sector alert 
Budget Connect 2017 - Key provisions on direct taxes 
Budget Connect 2017 - Alert on transfer pricing provisions 
Budget Connect 2017 - Alert on international tax provisions 
Budget Connect 2017 - Logistics sector alert 
Budget Connect 2017 - Automobile sector alert 
Budget Connect 2017 - Technology and start-ups alert 
Budget Connect 2017 - Real estate alert 
Budget Connect 2017 - Telecom sector alert 
Budget Connect 2017 - CPR alert 
Budget Connect 2017 - Life Sciences alert 
January EY IDT Alert - Supreme Court rules post-sale discount is deductible to arrive at taxable turnover under the Karnataka VAT law 
EY DT Alert -Indian tax administration issues clarifications for implementation of GAAR 
EY DT Alert - Central Board of Direct Taxes issues final Guidelines for determination of Place of Effective 
EY IDT Alert : CBEC issues draft Master Circular on Show Cause Notice, Adjudication and Recovery 
EY IDT Alert : Cabinet approves amendment in Modified Special Incentive Package 
EY IDT Alert : Bombay HC rules that appropriate State for levy and collection of CST is the State from where movement of goods commences 
EY IDT Alert : MoF issues Notifications for services relating to transportation of goods by vessel, rural banking account, tour operator and aggregator 
EY DT Alert : Ahmedabad Tribunal rules on computation of “doubly taxed income” for claiming foreign tax credit against MAT in India (Elitecore Technologies) 
EY DT Alert – Press release by Central Board of Direct Taxes on its major achievements in tax year 2016-17 
EY IDT Alert – CBEC prescribes procedure for online registration and payment in respect of Online Information Database Access or Retrieval Service providers located in non-taxable territory 
EY DT Alert – CBDT expands PAN and demonetisation period cash deposit reporting rules for banks 
EY DT Alert – Supreme Court rules on deemed dividend taxation (Gopal and Sons) 
EY PAS Alert - Provident Fund Amnesty Scheme open from 1 January 2017 to 31 March 2017 
EY IDT Alert - Integration of Indian Customs and Central Excise Tariff with World Customs Organisation HSN classifications 2017 version w.e.f. 1 January 2017 

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