Companies with branches in multiple cities will now need to register for input service distribution (ISD) to claim input tax credit for services provided by the head office to the branch office. The interim budget proposed to make this rule mandatory, besides the requirement of a separate registration that allows headquarters of companies to distribute their input tax credit with their branch offices.
NSE overhauls closing price discovery, changes F&O expiry settlement rules from December 7
The NSE has announced changes to the Closing Auction Session (CAS) in the equity cash segment and trading rules in the equity derivatives segment, effective