Other Briefings
India Regulatory Brief: Filing GST Returns, Aadhaar Mandatory for Banking and Financial Transactions
In this week’s Regulatory Brief, we look at the relaxed timelines for filing GST returns for the first two months after the GST rollout in India, the revised GST rates and rules passed till June 18, 2017, the new law making it mandatory to link all existing and new bank accounts with the Aadhaar biometric identification number, and the daily pricing system introduced for the fuel market.
India Regulatory Brief: FIPB Abolished, Pending Transition Rules and GST Rates Approved
In this week’s Regulatory Brief, we look at the abolition of the FIPB and new FDI approval norms in India, latest updates from the GST Council, and the new security guidelines issued by the IT ministry for government agencies handling personal information.
Ports in India: Government Incentives for Investment
India’s geographical location offers it a great opportunity to become a maritime hub, given its access to major international trade routes across the Indian Ocean between Europe and Asia. In this article, we cover the main regulatory incentives and federal policy measures for the port sector in India.
India Regulatory Brief: GST Schedule for Goods and Services, RBI Removes Restrictions for Bank Branches
In this week’s Regulatory Brief, we look at the final GST schedule that details the tax rates for goods and services, new parameters for what constitutes a bank branch or banking outlet in India, the draft Fugitive Economic Offenders Bill, 2017, and implications of India’s accession to the TIR Convention.
A Guide to Franchising in India
India offers enormous potential for foreign franchisors who tailor their brand to fit into the country’s dynamic consumer market.
India Regulatory Brief: Online Portal for Filing Tax Returns, RERA in Effect since May 1
In this week’s Regulatory Brief, we discuss the income tax department’s launch of its online portal for filing tax returns for the AY 2017-18 onwards, the relaxation in the EPF scheme of 1952 that permits PF withdrawal by subscribers to pay medical bills, and the RERA Act that came into effect on May 1, 2017.
The New Benami Act – Considerations for NRIs and Foreign Investors
The new Benami Transaction (Prohibition) Amendment Act, 2016 is an outcome of the Indian government’s war against ‘black money’. In this article, we discuss the strengthened provisions of the Act as it tackles tax evasion in India’s real estate sector.
The Aadhaar Card: Now a Mandatory Proof of Identification
‘Aadhaar’ is a twelve-digit unique identification number issued by the government to all individuals residing in India, regardless of their citizenship. This article discusses its increased importance, latest related regulatory updates, and the process for securing an Aadhaar number.
