Other Briefings
India Regulatory Brief: Multi-tier GST Structure Finalized and Gujarat Only State to Operationalize the Real Estate Act
In this week’s Regulatory Brief, we highlight the multi-tiered Goods and Services Tax (GST) structure proposed for goods segments, the Model Rules to the Real Estate Act of 2016 that only Gujarat has so far ratified despite passing the October 31 deadline, and an expected policy regulating e-pharmacies in India.
Taxation of Job Work under the Model GST Law
The Model GST Law (MGL) enhances the scope of the category of ‘job work’ in India as it seeks to widen the country’s taxpayer base. This article examines the change in definition, clarifications for principal manufacturers, and calculation of input tax credit with respect to inputs sent for job work.
India Regulatory Brief: Unified Railway and Union Budget, India’s Complex Retail Landscape, and GST Rules Update
In this week’s Regulatory Brief, we look at the merger announced of the annual railways and union budgets as well as the possible advancement of the budget preparation, examine the convoluted FDI policy in India’s retail sector, and highlight an update in the GST rules for e-commerce firms and cab aggregators.
India Regulatory Brief: GST Council Expected by November 11 and Changes in the Union Budget Formulation
In this week’s Regulatory Brief, we discuss the time frame for the establishment of the Goods and Services Tax (GST) Council, the IRDAI’s proposal to ease the e-verification process when buying insurance policies online, and the expected changes in India’s Union Budget-making exercise.
GST in Indian Taxation: A Paradigm Shift
After decade long deliberations, the landmark passage of India’s GST Constitutional Amendment Bill reinstates hope for a uniform system of indirect taxation throughout the country. In this article, we examine the impact of GST on the Indian economy.
India Regulatory Brief: Government Extends Highway Contracts to Attract Investors and More Changes to GST Bill Announced
In this week’s Regulatory Brief, we discuss the government’s decision to extend the tenure of contract for operation and maintenance of highways to attract more investors in the sector, the Bilateral Investment Treaty signed between India and Cambodia, and changes to the GST Constitutional Amendment Bill.
India’s GST Bill – A Critical Evaluation
The proposed Goods and Services Tax (GST) will drastically alter the tax landscape in India, and if implemented, will have a significant impact on businesses in the country. Read our critical evaluation of the proposed GST regime to know all about the impact it will have on India’s business environment and the wider economy.
India Regulatory Brief: E-Commerce Sector Reacts to Draft GST Bill and Union Cabinet Approves New Mining Policy
In this week’s Regulatory Brief, we examine the provisions of the draft GST bill affecting the e-commerce sector, the new mining policy cleared by the Union cabinet, and the Income Declaration Scheme recently launched by the tax department.
