The Central Board of Direct Taxes (CBDT) issued new guidelines for the applicability of Tax deducted at Source (TDS) and Tax collected at source (TCS). Under the new guidelines, e-commerce operations which include transactions in electricity and trading of clean energy certificates (REC and ESCerts) are not subjected to TCS or TDS. CBDT states […]
Tariff rate on solar cells and modules to 20% in this budget
By Vinay Kumar P In choosing to increase the tariff rate on solar cells and modules to 20% in this budget, India could be in breach of the Information Technology Agreement (ITA). We may expect pushback at the WTO from other ITA member countries. By now there is some consensus that the Budget does […]