“The levy is applicable only for large cash withdrawals in excess of ₹100 lakh/20 lakh per annum, as the case may be. The intent is to minimize cash transactions and expand digital payments to enlarge the ambit of organized transactions over...
Divakar Vijayasarathy, founder and Managing Partner at DVS Advisors LLP, said that the amendments have been proposed with a view to minimise frivolous litigation and also to upheld the spirit of the legislation. “In cases of institutional restructuring to bailout...
“Captives normally work on 12-15% margins and at this point in time when even the foreign parent is bleeding there could be some pressure on these. Many Indian arms of the multinationals already face a pressure to lower the margins,...
Economic boycott has been used effectively by this government recently in the cases of Malaysia and Turkey. In both these cases, India had an upper hand,” said Divakar Vijayasarathy, managing partner of the business advisory firm DVS. But he advocates...
"It was widely expected that the GST Council would decide on raising loans on cess accounts to compensate the shortfall. This option has been doing rounds for quite some time. With the GST collections falling drastically, states are under severe...
Divakar Vijayasarathy, founder & managing partner, DVS Advisors LLP, said: “It was widely expected that the GST council would decide on raising loans on cess accounts to compensate the shortfall. This option has been doing rounds for quite some time....
NEW DELHI : Amid a massive impact on tax revenues due to the coronavirus-induced lockdown which began in March end, Finance Minister Nirmala Sitharaman today chaired the 40th GST Council meeting via video conferencing. This was the first meeting of the...
Tiger Global is likely to go to court over the revenue department as the Authority of Advance Ruling (AAR) refused to grant relief over tax liability on its Rs 14,500 crore exit. According to an ET report, the hedge fund is...
International taxation consultants DVS Advisors on Saturday said it has signed a merger and acquisition deal with MUP Managed Services LLP.
By Divakar Vijayasarathy ‘Events don’t hurt us, but our views of them can’, Epictetus, the Roman philosopher, once quoted. Covid times have given rise to unprecedented challenges and crisis, however, for the optimistic and opportunistic, there are green shoots for...
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