Other Briefings
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.
Companies in India Can Hold Virtual AGMs and EGMs till September 30, 2024
Companies in India can hold their AGM/EGM meetings for 2023-2024 virtually until September 30, 2024, following a clarification from the MCA.
India’s Auto Component Manufacturing Success and its Vision for EV Adoption
In recent years, India’s auto component manufacturing industry has seen a surge in Indian OEM suppliers, strengthening its position in the global automotive supply chain.
India Will Not Impose Curbs on Imports of Laptops, PCs, Servers from Nov. 1
India has reportedly decided not to impose import restrictions on laptops, tablets, PCs, and servers from November 1, 2023. Per government officials quoted by media, an import management system is being put in place.
