Other Briefings
India’s GIFT City Strives to be a More Attractive Global Financial Hub: Latest Developments
GIFT City in Gujarat, an international financial services center, supported by the Indian government, aims to enhance capital inflow and foster fintech innovation. We discuss the establishment of family offices, technology firms, as well as ship and aircraft leasing units, along with foreign university branches in the region.
India’s Commerce Ministry to Soft Launch Updated E-Bank Realization Certificate for Exporters on November 15
The electronic bank realisation certification (eBRC) system has been revamped by the DGFT to enable eBRC generation on self-declaration basis from exporters in India. The BRC is issued by banks to exporters as proof of payment and export.
North Indian State of Uttar Pradesh Releases FDI Policy, 2023: Key Provisions
UP is competing with major industrial Indian states like Tamil Nadu, Gujarat, and Karnataka to attract high-value investments from sector-leading companies, establish R&D and frontier innovation projects, and build up local manufacturing ecosystems.
Micro, Small, and Medium Enterprises in India: An Explainer
As the backbone of India’s economy, the MSME sector is poised for rapid growth. We discuss incentives and opportunities for the sector.
Key Considerations Before Selling Foreign Products in India
The Indian retail market is vast but diverse, with several cultural and socioeconomic variations. Foreign companies seeking to sell their products in this market should adapt their branding and sales strategies accordingly.
Food Import Procedure in India and FSSAI’s Latest Regulatory Changes
We discuss the step-by-step procedure to import food products in India and FSSAI’s latest regulatory advisory which simplifies import procedures, reducing both time and costs for importers.
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.
