Other Briefings
Status of India’s Advanced Pricing Agreement Program: 95 APAs Signed in FY23 Offering Tax Certainty
The Advanced Pricing Agreements address complex transfer pricing issues, mitigating the need for litigation and align with India’s objective of enhancing the ease of doing business.
Permanent Establishment in International Taxation and Indian Tax Law
We discuss what triggers permanent establishment status as per UN/OECD international taxation frameworks and India’s domestic tax provisions.
Technology-Enabled Changes in the Audit Compliance Landscape in India
We discuss how emerging technologies hold the potential to transform the field of auditing by leveraging software-as-a-service platforms as well as incorporating artificial intelligence, automation, drones, and more. Moreover, India’s corporate affairs authority mandates the adoption of specific software-enabled tracking, such as audit trails.
India Simplifies GST Refund of Exports Remittances in Special Rupee Vostro Accounts
Exporters in India will benefit from newfound clarity from the GST Council in classifying remittances received in Special Rupee Vostro Accounts (SRVAs), which will make securing GST refunds an easier process.
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.
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.
