« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  Exec's foreign trips to be less taxing... IITs, IIMs may face tax for placement... » Goods & service tax regime may lift FDI: PwC August, 21st 2006 India could attract a larger chunk of foreign direct investment by moving to a single goods and service tax (GST) system, leading tax consultant PriceWaterhouseCoopers (PwC) has said. India is proposing to move to a single GST regime by 10. This was announced in the Union Budget this year.According to Ine Lejeune, partner and leader of PwC global VAT and GST network, studies in Europe have shown that moving to such a levy led to a rise in foreign investment. The multi-layered tax structure is simplified, which makes the country more attractive from the point of view of foreign investment. She said she has recommended adoption of the European model for India during her meetings with senior finance ministry and empowered committee officials. In Europe, it is a federal levy, and Ine advocated the same principle for India. She said the Central government here should collect it and distribute it to the states as per an agreed formula. Allowing states to also collect the GST would make the structure very complex. The European model, she claimed, was simple in structure and some studies have shown that it led to an increase in employment generation as well, she said. She said while countries like Brazil and Canada have levied it at the provincial level also, India should go for the best practices available. Asked about centres offer to allow states to collect tax on certain services as a compensation for phase out of Central Sales Tax, she said it would complicate the structure. Government has proposed a reduction of CST from October 1 from 4% to 3% as the first step to move to a national level VAT. In fact, she said India must adopt the negative list approach with the taxation of services. By excluding certain identified services from the taxation list and taxing all others, India could have a simpler tax structure.