Other Briefings
India’s Insurance Sector: Leveraging the Digital ‘Bima Sugam’ Portal
The Bima Sugam will function as a ‘one-stop-shop’ electronic marketplace in India’s insurance sector, and promotes better customer accessibility. With relaxed FDI norms in the sector, foreign firms stand to gain.
India-Baltic Economic Synergy Rooted in Tech and Innovation
The Baltic States—Estonia, Latvia, and Lithuania—are promising partners in the tech and innovation sectors for India. We take a look at the state of bilateral trade and investment relations.
Important Financial Changes in India Effective October 2023: Impact on Businesses
We discuss key financial changes in India starting October 2023, including TCS rule revisions and updates to debit and credit card regulations.
India’s OIDAR Taxation Shift: Key Changes Effective October 1
Starting from October 1, 2023, OIDAR services provided for non-business purposes in India will no longer be exempt from GST taxation and will be subject to an 18 percent tax.
Digital Services in India: Tax Applicability and Compliance
In India, 18% GST tax is applicable on digital services categorized as ‘OIDAR’. We explain what services are considered OIDAR and relevant GST compliance.
Investment Outlook for India’s Startup Ecosystem in 2023
We explore India’s startup investment trends during the funding winter since H2 2022 and the government’s definitions of these enterprises.
Import Relief for IT Hardware Companies as India Encourages Local Production
Major IT hardware companies have held talks with the Indian government, leading to a postponement of import curbs. Instead, the focus is now on promoting local production alongside a new import management system.
India Introduces Final Angel Tax Rules for Overseas Investments in Startups
India has finalized its rules for taxing overseas investments in startups in the country—commonly called the ‘angel tax’ provision. We discuss the valuation process for startup investors under the amended Rule 11UA.
