Page 2 - Corporate
Inter-co managerial/leadership services to attract 18% GST
Managerial and leadership services by corporate office to its group companies/construction sites registered in different states would attract 18 per cent GST, Maharashtra bench of AAR has ruled. B G Shirke Construction Technology Pvt Ltd had approached the Authority for Advance Ruling (AAR) seeking to know whether the managerial and leadership services provided by the registered/corporate office to its group companies would be considered as 'supply of service'. Also, whether the lump sum amount charged by the registered/corporate office on its group companies would be liable to Goods and Services Tax (GST). Passing its ruling, the Maharashtra AAR held that managerial and leadership services by corporate office to its group companies and other construction sites registered in different States is "supply of service" and would be taxable under GST. AMRG & Associates Senior Partner Rajat Mohan said this ruling would mean an additional levy of 18 per cent GST on the inter-company ...
 "Inter-co managerial/leadership services to attract 18% GST")
US Senate's company tax plan boosts penalty on sending profit abroad
The proposal is one legislative piece of a $3.5 trillion tax and spending package that Democrats are now crafting to implement the bulk of President Joe Biden's longer-term economic plans
 "US Senate's company tax plan boosts penalty on sending profit abroad")
'Corporates CSR spends up 3% in FY21, PM-CARES not favourite in 2nd wave'
Corporates contributed only Rs 85 crore to the PM-CARES Fund during the second wave between March-June 2021, as against Rs 831 crore to what was classified as 'others'
 "'Corporates CSR spends up 3% in FY21, PM-CARES not favourite in 2nd wave'")
RBI circular helps large lenders gain corporate banking mkt share: Report
In mid-2020, the RBI had come up with the circular that specified which bank can open a current account for a borrower, in order to check any misuse through multiple current accounts.
 "RBI circular helps large lenders gain corporate banking mkt share: Report")
CSR in times of a pandemic
The basic conceptual problem with this UPA-era law that the NDA has embraced with gusto can be seen in the toilet-building frenzy that gripped India Inc in 2017-18
Global deal on corporation tax nears first stage as G-7 seeks common ground
Accord would pave way for wider consensus at G20, then OECD
 "Global deal on corporation tax nears first stage as G-7 seeks common ground")
IDBI Bank to cap corporate exposure to Rs 500 crore: Here're the details
The bank is also looking to grow its Rs 45,000 crore corporate book by about 10 per cent.
 "IDBI Bank to cap corporate exposure to Rs 500 crore: Here're the details")
Meanwhile, the good news: A look at another side of the India story
T N Ninan looks at Credit Suisse India Strategist Neelkanth Mishra's four-part article series in Business Standard and how it spells hope at a time when a health care crisis has pervaded the country
Vindication for Tatas
Another legal battle over stake valuation must be avoided
 "Vindication for Tatas")
View from the corporate netherworld
Book review of Hot Seat: Hard-won Lessons in Challenging Time
 "View from the corporate netherworld")
Budget 2021: Delhi govt accuses Centre of favouring big companies
The Delhi government accused the Centre of giving step motherly treatment to the national capital in the Union budget 2021-22, and claimed the budget is aimed at benefitting few big companies.
 "Budget 2021: Delhi govt accuses Centre of favouring big companies")
Localisation strategy for jobs would help address protectionism: Nilekani
He said the strategy for the companies is to be an active player in every market that they operate and have an articulation of partnership with that country and which reflects its priorities
 "Localisation strategy for jobs would help address protectionism: Nilekani")
Republicans face growing corporate backlash after Capitol assault
Announcements by corporates threaten to throttle fundraising resources for Republicans who will soon be out of power in the White House and both chambers of Congress
 "Republicans face growing corporate backlash after Capitol assault")
Corporate green power clicks in Asia
Activity now seems to be picking up pace in the Asia-Pacific region, which accounted for 18 per cent of the corporate power purchase agreements totaling 11.2 gigawatts (Gw) signed so far this year
 "Corporate green power clicks in Asia")
How the shadow of slavery still hangs over global finance opportunities
The slave trade pioneered a new kind of finance, secured on the bodies of the powerless
 "How the shadow of slavery still hangs over global finance opportunities")
The pop-up employer: Build a team, do the job, say goodbye
There was even a play-testing division to catch potential hiccups
 "The pop-up employer: Build a team, do the job, say goodbye")
Who owns the world? Tracking corporate giants' shares to a handful owners
BlackRock Inc, held or controlled 6.1% of the assets of the 299 companies ($3 trillion) in 2009
 "Who owns the world? Tracking corporate giants' shares to a handful owners")
The why and how of successful corporate giving
Corporate philanthropy can better place a firm competitively, in terms of attracting customers, employees and strategic partners
 "The why and how of successful corporate giving")
Infographic: Indian MNCs ahead of peers in corporate reporting transparency
Indian companies have been more transparent than the Chinese when it comes to corporate reporting
A timeless corporate puzzle
Companies or business groups need to identify what they do best and build their plan around it
 "A timeless corporate puzzle")
