Jack Grocott speaks to RN Dash, India’s ex-director general of international tax about his time in office and what he really thinks about the state of the Indian tax system.
Getting involved in an indirect tax dispute can prove costly for your business as Essar Energy found out earlier this year. Salman Shaheen looks at how you can avoid getting tangled up in tricky litigation and facing a similar fate.
India’s level of tax controversy is internationally well known. Advisers have, for a long time, been calling for action. In response, the Ministry of Finance is setting up an international tax and transfer pricing advisory group. Sophie Ashley talks to practitioners in the early stages of the group’s implementation.
India’s general anti-avoidance rule (GAAR) became effective on April 1, but opinion is divided over whether the measure will be successful in countering the worst examples of tax avoidance, or whether honest taxpayers will have their affairs unduly scrutinised. Matthew Gilleard investigates how taxpayers will cope.
March’s Finance Bill revealed further details of India’s plans to introduce a GAAR. Aseem Chawla of Amarchand & Mangaldas analyses the fine print of the GAAR.
Rohinton Sidhwa of Deloitte Haskins & Sells analyses the proposed GAAR and offers some insight into how it could be improved and what lessons could be learned from other countries using a GAAR.
Companies must meet some difficult challenges to remain compliant with India’s tax regime. The separate federal and state tax regulations, the aggressive attitude of tax authorities and the tendency for disputes to result in litigation all require close attention from taxpayers. Joe Dalton finds out how Indian tax directors meet these challenges and what the best structure for an Indian tax department is.
Ajit Korde, Commissioner of Income Tax at the Indian Tax Department, analyses the government’s plans to introduce the place of effective management (POEM) concept and why there are a lot of hurdles to overcome before it can be implemented.
With India’s proposed goods and service tax (GST) still months away, Rohit Jain and Bharath M of Economic Laws Practice delve into the government’s first steps towards implementing the new regime, the much-discussed negative list.
Sudhir Nayak, Abbas Jaorawala and Meenakshi Sundaresan of Sudit K Parekh & Co highlight obstacles companies need to overcome when sending employees on secondments to India.
Hitesh Sharma of Ernst & Young runs through the tax changes announced in March’s budget and offers advice to taxpayers on how to manage the overwhelming amount of retrospective law changes that have been made.
March’s budget introduced India’s first advance pricing agreement (APA) regime and also saw the inclusion of
domestic transactions into the country’s transfer pricing laws. Karishma Phatarphekar and Shefali Shah of Grant
Thornton India and Arun Chhabra of Walker Chandiok & Associates run through the changes and offers
case studies on how best to cope with the amendments.