With the success rate of bad debts recovery under the Insolvency Bankruptcy Code (IBC) at a low level, the government has decided to provide some tax reliefs to facilitate insolvency resolution proceedings to help make stressed companies more attractive to potential buyers.Read More
GST is all about a smooth flow of funds and compliances till the end. To facilitate such a smooth flow, it is imperative for the Government to provide for a hassle-free refund process. The current tax structure is cumbersome, and it takes months and sometimes years to get refunds from the Government’s basket.In this article, we’ve covered the GST refund in brief.Read More
VAT is implemented in the Kingdom of Saudi Arabia with effect from 1st of Jan 2018. Even the first monthly return was due on 28th of Feb 2018. This being a transactional tax change, it has impacted the way business was done apart from the cash flow and P & L to a great extent. This article lists down the ongoing clarifications, press releases and changes post VAT implementation.