Other Briefings
India Requires These Additional Company Disclosures from April 1, 2021
From April 1, 2021, companies in India are required to record audit trials of their accounts and make additional disclosures like cryptocurrency transactions.
India’s DTAA Regime: A Brief Primer for Foreign Investors
India’s DTAA regime covers a vast network of double tax treaties, which are supported by social security agreements, to provide tax relief.
India To Abolish Mandatory Annual GST Audit Requirement
The government has proposed changes to India’s GST audit regime in the Finance Bill, 2021 to ease the compliance burden for businesses and expand the tax base.
Audit and Compliance in India – New Issue of India Briefing Magazine Out Now
In this issue of India Briefing, we provide readers with an updated overview of India’s audit and compliance regime, including the GST audit process.
India’s Tax Authorities Tighten GST Scrutiny on Small Businesses
India is tightening GST compliance requirements for eligible MSMEs through changes to the GSTR-1 form and payment of a percent of the GST liability in cash.
India’s Position on Taxing Foreign Digital Economy Firms
India has joined other countries in evolving a specified, if arbitrary, framework of rules for taxing foreign digital economy firms and e-commerce service providers.
Filing Form 3CEB: What You Need to Know
During the audit process, Form 3CEB is applicable for companies that have engaged in international and specified domestic transactions with any associated enterprises during a financial year.
Tax Audit Report for AY 2020-21 in India: Some Considerations
We discuss some recent tax concessions that should be reflected in audit reports for AY 2020-21 in India; taxpayers should keep track of any extensions in relevant filing deadlines.
