35 search results for "uk"

UK Policy Update: Foreign Affairs Committee report on UK-India Relations

The UK Foreign Affairs Committee (FAC) recently published a report titled Building Bridges: Reawakening UK-India ties, following their “Global Britain” inquiry, to which NASSCOM submitted written evidence in September 2018. The report is very positive about the UK-India relationship and makes a number of recommendations on skills, migration and trade policy. Specifically, the report recommends tha...

SME Excusive Market Development to UK

Despite continued uncertainty due to Brexit, U.K. remains the 2nd largest market for Indian IT Industry. All major Indian IT companies have a significant presence in the U.K. and contributing to the British economy. However, it is also the market where the SMEs struggle to find the right base, an appropriate landing point and cater to suitable market opportunities. With the intent to provide a fil...

A Complete Guide on Tax Payments under GST

The birth of GST in India has completely wiped out the complications of different taxes at different stages and has played a pivotal role in the removal of cases like tax-evasion, bribery and other forms of corruption. Implementing its unique slogan ‘One Nation – One Tax – One Market’ it has successfully covered a long distance in this way too. Consequently, it has had a tremendous impact on the w...

Scope of Supply in the regime of Goods and Services Tax – Test of Profit Motive

In the previous indirect tax regime, there was nothing like this new concept of Supply. The stage at which indirect taxes were levied varied under different tax heads and laws. Excise duty, Service tax, VAT were some of the taxes in the previous indirect-tax regime. However, the emergence of GST has subsumed almost 17 types of similar taxes. And consequently, some new terms, such as, ‘Scope of Sup...

10 Major Challenges of Filling GSTR-9

In the GST Regime, filing an annual return by registered taxpayers and composition dealers is mandatory. And this annual return is known as ‘GSTR-9’. On the basis of different kinds of taxpayers, there are, in total, four different types of annual returns, i.e. GSTR-9, GSTR-9A, GSTR-9B, and GSTR-9C. However, in this blog, we will discuss mainly the 10 major challenges of filing GSTR-9. Primarily, ...

BREXIT Update: Theresa May announces stepping down as UK PM

On 24th May 2019, Theresa May announced her decision to step down as the UK Prime Minister. This follows the inconclusive cross-party talks between Labour and the Conservative parties; and an overwhelmingly negative response to her new Brexit proposal thereafter. UK’s future political direction, particularly regarding Brexit, will now depend on who succeeds May as the Conservative leader and the n...

How GST is a Boon for Indian Economy?

Every coin has two facets and so the same applies to the concept of implementation of the GST in India. Of course, this is the biggest Tax reformation in India after independence and thus it will have a tremendous and direct futuristic impact on the economic front. However, few negotiable short-term negative issues too are associated with it, but for the sake of an accelerated economy, a revolutio...

Building & Scaling Deep Tech Startups In UK

Understanding the Deep Tech ecosystem in UK and rest of Europe: trends, opportunities, challenges What is the Deep Tech VC landscape in UK and Europe: different venture operators in the deep tech space How to think about launching a UK GTM strategy: different models based on fundraising, partnerships, events What to keep in mind while embarking on a UK GTM: business costs, re-location, leveraging ...

Brexit Update: March 12th vote in UK Parliament

The UK Parliament on March 12th inflicted a defeat on PM May, rejecting her Brexit deal by 242 to 391 – a majority of 149. While this is a smaller margin of defeat than it was in January 2019, (majority against her was 230); the big question now is what, if anything, the PM can salvage from here. PM May’s immediate response was the deal on offer is the only deal available; and stressing that no de...

BREXIT Vote – Overview and Implications

On 29th January 2019, the UK Parliament voted in favour of PM May’s Brexit deal if alternative arrangements are found to the Irish backstop. By a majority of 16, Parliament supported May’s deal if an alternative can be found to the current Irish backstop proposal that aims to keep open the Irish border in all circumstances. UK Parliament also voted against no deal in principle: on a separate amend...

UK Immigration White Paper – Assessment

The UK Government (UKG)  published its Immigration White Paper yesterday. The Paper outlines proposals for UK’s future immigration system that will be in effect post 31-December-2020 (that is, after the “Brexit Implementation Period” gets over. Current rules will continue to apply till Dec-2020). The proposals of the Immigration White Paper include – UKG states its intention to establish a single-...

UK Policy Update – No Confidence Vote on PM May

On 12th December 2018, the UK Parliament held a vote of no confidence on PM Theresa May. She won the vote; but not decisively – 200 in favour vs 117 against. That is, over a third of the party voted against her. This leaves UK politics in an unchanged position: a weak PM struggling to get a deal Brexit through Parliament without a realistic majority. There are no immediate implications for our mem...