India – India Union Budget 2021 – Highlights


The Indian Finance Minister presented Budget 2021 resting on 6 pillars with focus on providing impetus to Infrastructure, Manufacturing, Financial Sector and generation of Employment. On the tax proposals, the proposals convey a holistic approach to accelerate India’s revival and growth. Please find below summarised points of interest:  

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India – Tax News Alert – Central Government amends E-assessment Scheme, 2019 to conduct faceless assessments


The Prime Minister (PM) launched a platform for “Transparent Taxation – Honouring the Honest.” The tax system aims at being Seamless, Painless and Faceless with three pillars under consideration: (a) Faceless Assessment, (b) Faceless Appeals, and (c) Taxpayers’ charter, with faceless assessment and taxpayers’ charter coming into force from 13 August 2020, and faceless appeals to be available from 25 September 2020.

Please click here to read the full News Alert.

India – CBIC issues FAQs on manufacturing and other operations in customs bonded warehouse


To promote the “Make in India” initiative and as part of the ease of doing business measures, the Central Board of Indirect Taxes and Customs (CBIC), had notified the Manufacture and Other Operations in Warehouse (No. 2) Regulations, 2019 (Scheme). This Scheme enabled businesses to import raw materials and capital goods without payment of duty for manufacturing and other operations in a bonded manufacturing facility for exports, while allowing import duty deferral for the domestic market.

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India – National Anti-Profiteering Authority holds a multiplex owner guilty of profiteering in view of the reduction in GST rate


Recently, the National Anti-Profiteering Authority (NAA) held a multiplex owner guilty of profiteering under section 171 of the Central Goods and Service Tax Act, 2017 (CGST Act). The NAA has upheld the allegations of the Directorate General of Anti-profiteering (DGAP) that post reduction in the rate of GST from 28% to 18%, the taxpayer had increased the base price while maintaining the same selling price for the services rendered.

Please click here to read the full News Alert.

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India – Central Government further extends due dates for compliance, procedures and applications as a relief measure in view of COVID-19 pandemic


The Ministry of Law and Justice issued the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (Ordinance) to introduce relief measures like extension of time limit for filing appeals, passing of order, issuance of notice etc considering the COVID-19 pandemic.

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India: Measures to boost domestic manufacturing of medical devices


In brief
The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, vide recent notifications notified two schemes – Production Linked Incentive Scheme (PLI Scheme) for promoting domestic manufacturing of medical devices and Scheme for Promotion of Medical Devices Parks (PMDP Scheme), in line with the Cabinet’s announcement in March 2020.

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India – Tax Podcast – COVID-19 update: Relief measures announced by Finance Minister to support Indian economy


COVID-19 update: Relief measures announced by Finance Minister to support Indian economy.

Welcome to this podcast on the relief measures announced by Finance Minister (FM) on 13 May 2020 to support Indian economy.

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Webinar – Managing VAT Compliance in the Middle East 15 April


Developing and enhancing your tax strategy requires experience and foresight in order to make the best decisions that can strategically move your business forward while ensuring the process to maintain tax compliance is ‘managed’. To help you better manage existing VAT compliance concerns and navigate new challenges, we are sharing our knowledge and best practice managing VAT compliance in today’s digital age.

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India – Rajasthan AAR rules that consideration paid to directors of a company will attract GST under RCM in the hands of the company


Recently, the Authority for Advance Ruling (AAR) in the State of Rajasthan has ruled that consideration paid to the directors (in the form of salary and commission) by the applicant company will attract goods and services tax (GST) under reverse charge mechanism (RCM).

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India – Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020


The President of India promulgated the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (Ordinance),1 on 31 March 2020, to put into immediate effect the relief measures2 announced by the Finance Minister on 24 March 2020, in response to the Novel Coronavirus (COVID-19) outbreak. The Ordinance is in line with relief measures announced earlier on statutory and regulatory compliances under various laws.

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