Equalization Levy Compliance Framework for Non-Resident E-Commerce Operators in India
In keeping with BEPS provisions, India has in place an equalization levy since 2016, which was amended in the Finance Act 2020. We discuss how this digital tax mechanism impacts non-resident e-commerce operators in India.
India’s New E-commerce Tax Regulations for Composition Taxpayers and Unregistered Individuals
India’s indirect tax regulator CBIC has introduced new rules of e-commerce taxation, which affect composition taxpayers and unregistered individuals supplying goods.
India’s Chemical Industry Expected to Reach US$304 Billion by 2025
India’s chemical industry ranks sixth globally and third in Asia, and contributes 7% to the national GDP. We discuss sector prospects for foreign stakeholders.
Advance Authorization Scheme in India: Changes Made to Ease Compliance Burden on Exporters
India is simplifying its advance authorization scheme to expedite the process for exporters seeking duty-free imports of input materials that are used for final export goods.
India Skill Report 2023: Findings on Talent Availability and Employability in Emerging Technologies
Recent reports on talent availability in India indicate some progress has been made in boosting employability for tech-driven sectors. Key skill gaps, however, remain. We discuss the data and top growth sectors to 2030.
India-UK FTA: Broad Consensus on Scotch Whisky Imports Worry IMFL Brands
Despite concerns from domestic and IMFL whisky brands, discussions on Indian imports of Scotch whisky have made some progress, which is expected to be well-received by Indian consumers. The discussions had been previously held up due to tariff disputes.
LEI Compliance for Foreign Portfolio Investment in India
Non-individual foreign portfolio investors (FPI) in India must submit their Legal Entity Identifier (LEI) details per directions from securities and market regulator SEBI.
Maharashtra’s IT-ITES Policy 2023: Key Points for Foreign Investors in India
The Maharashtra IT-ITES Policy 2023 contains more sectoral and area-wise subsidies and exemptions, real estate and infrastructure support for IT Parks & data centers, besides 24/7 industry status under categorization as an essential service.