In India, 18% GST tax is applicable on digital services categorized as 'OIDAR'. We explain what services are considered OIDAR and relevant GST compliance.
GST e-invoicing will become mandatory for all businesses in India with an annual turnover of over INR 50 million starting August 1, 2023.
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 their AGM/EGM meetings for 2023-2024 virtually until September 30, 2024, following a clarification from the MCA.
Subscribe to receive weekly India Briefing news updates, our latest doing business publications, and access to our Asia archives.
Sign Up NowWe explore India's startup investment trends during the funding winter since H2 2022 and the government's definitions of these enterprises.
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 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.
JPMorgan's inclusion of Indian securities in the GBI-EM index is anticipated to bring in investment flows of US$25-30 billion. The phased inclusion begins June 2024.
In this investment brief of Bengaluru, the capital of Karnataka in South India, we discuss key industry opportunities, the city's living environment, and prevailing infrastructure.
We discuss key financial changes in India starting October 2023, including TCS rule revisions and updates to debit and credit card regulations.
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.
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 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.
In Preparing for Audit in India, we discuss the types of audit, reporting thresholds by entity type, and new technology applications. We also provide practical advice related to the GST audit process and explain compliance related to the audit trail function.
We discuss key financial changes in India starting October 2023, including TCS rule revisions and updates to debit and credit card regulations.
Companies in India can hold their AGM/EGM meetings for 2023-2024 virtually until September 30, 2024, following a clarification from the MCA.
Importers must register with India's Special Value Branch (SVB) if they are affiliated with their suppliers, as per Customs Department requirements. We discuss how customs authorities assess related party transactions and the registration process with the SVB.
India’s Digital Personal Data Protection (DPDP) Act 2023 will impact internet companies, mobile apps, and businesses handling citizens' data. Enterprises will need to assess the fine print of the legislation to address their risk exposure and compliance requirements.
India's draft Competition (Combinations) Regulations, 2023 released by the CCI, seeks to implement the amended Competition Act. It is open to the public for feedback till September 25, 2023. We discuss key provisions and proposed changes to the M&A landscape.
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.
We track India's efforts to facilitate foreign investment into its indigenous semiconductor industry (developing fabs. chip design, ATMP).
There are currently three main contract manufacturers producing Apple products in India. We discuss where they are based and scope for investment.
India's union cabinet has approved the Scheme for Viability Gap Funding for the battery energy storage systems (BESS) industry. The scheme envisages the development of 4,000 MWh of BESS projects by 2030-31, which will lower costs for the renewables sector.
India’s data center sector is poised for growth, helped by an expanding digital economy, high levels of internet penetration and widespread 4G connectivity slowly upgrading to 5G networks, as well as a mature IT services ecosystem. We discuss the market outlook, leading industry players, and relevant regulatory frameworks.
India's Prevention of Sexual Harassment (POSH) Act and its corresponding Rules require a mandatory annual report to be submitted by the employer to the District Officer and is also part of reporting obligations to the Registrar of Companies.
India has recently introduced a new tax rule for life insurance policies where any proceeds received from a life insurance policy with an annual premium exceeding INR 500,000 will be subject to taxation.
In this article we answer some frequently asked questions foreign hiring managers may have regarding the minimum wage in India.
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.
We delve into the talent management trends in India in 2023 that are influencing recruitment and corporate employee retention strategies.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
Download magazines and guides on doing business in India.
Download Now