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India TaxHour - Quarterly tax updates

Confidence to lead through uncertainty

                                                                                  Previous webcast

Quarter: January to March 2022
Date: 6 April 2022

Subject matter experts: Ashutosh Dikshit, Bahroze Kamdin, Mamatha Anand, Vijay Dhingra

Our update for this quarter will cover the tax landscape, to keep businesses abreast of tax developments, which will include:

Updates to the Finance Bill 2022 and income-tax circulars on the Most Favored Nation clause in tax treaties, taxation of ULIPs, etc.
Indirect tax developments, covering recent GST changes and updates on the Production Linked Incentive (PLI) schemes.
Significant judicial rulings on corporate tax and indirect tax issues.

Quarter: October – December 2021
Date: 19 January 2022

Subject matter experts: Ankit Goel, Hardik Gandhi, Karishma Phatarphekar, Rajesh Gandhi

With India achieving a 140 crore vaccination record (almost 50 percent of the population has been fully vaccinated in the October– December 2021 quarter), the GDP growth of the Indian economy is on a rise. Our update for this quarter will cover the tax landscape to keep businesses abreast of:

• Economic and regulatory updates, including enhanced governance for RPTs under SEBI’s Listing Regulations, FAQs released on SEBI (Share-based Employee Benefits and Sweat Equity) Regulations, 2021, and an update on the FDI policy.

• Income tax developments, including CBDT clarifications issued on TDS and TCS provisions, recent court rulings on controversies on reassessment proceedings, contribution to employee welfare funds and allowability of education cess, Transfer Pricing updates like assessment cycles and APA programmes, etc.

• Indirect tax developments covering recent GST changes on availing input tax credit, experience on department feedback on export of services post issuance of GST circulars on intermediary services and exports to related persons, and recent court rulings.

Quarter: July - September 2021
Date: 6 October 2021

The subject matter experts for the session are:
• Ashutosh Dikshit
• Ananthapadmanabhan S
• Muralidharan Ramaratnam
• Smita Parulkar

With the nation-wide vaccination program in full swing in the July- September 2021 quarter, the Indian economy is now gathering steam. Our update for this quarter will cover the tax landscape to keep businesses abreast of:
• Income tax developments including new legislation revoking the retrospective provisions on indirect transfers, extension of compliance deadlines and new rules.
• Indirect tax developments covering recent GST and customs changes, and developments on the Production Linked Incentive (‘PLI’) schemes.
• Significant judicial rulings on income-tax and indirect tax issues including the latest Apex Court judgment denying refund of GST on input services against inverted duty structure claims.
 

Quarter: April-June 2021
Date: 8 July 2021

As we slowly come out of the devastating second wave of the pandemic in the April- June 2021 quarter, businesses need to keep in mind the changes in the local and global tax landscapes that happened during this period.
Understand the implications of the following tax developments in this quarter:
• Latest tax related regulatory updates, including progress on a global consensus regarding taxation of MNEs and the digital economy
• Income-tax updates on thresholds for Significant Economic Presence, compliance deadlines, etc
• Indirect tax updates on the GST Council Meeting, GST, and Customs compliances, etc.
• Important tax-related rulings including the Delhi High Court’s ruling on concessional tax rate on dividends under the MFN clause of certain tax treaties

Subject matter experts: Ashutosh Dikshit, Bela Sheth Mao, Chandraprakash Surana, Rajiv Bajoria

 

Quarter: January - March 2021

Date: 15 April 2021

With Budget 2021 slated to be passed by the end of March, businesses will be keen to understand the impact of key tax provisions as well as other important developments in the tax landscape for the quarter ending March 2021.

Tune in to understand the implications of the tax developments in the January-March 2021 quarter that includes the following highlights:

  • Key budget amendments covering equalisation levy, depreciation on goodwill, new institutions and procedures for advance rulings and settlement of tax dispute, etc.
  • Indirect tax updates covering GST E-invoicing, advance rulings for customs, etc.
  • Important judicial rulings including the Supreme Court’s ruling on taxability of software as royalty

The subject matter experts for the session are:
• Ashutosh Dikshit
• Atul Gupta
• Ketan Ved

Quarter: October - December 2020

Date: 20 January 2021

As green shoots of revival emerge in the economy, despite the pandemic, businesses also need to consider the changes in the tax landscape in the October to December 2020 quarter.

Tune in to understand the implications of the tax developments in this quarter including the following:

• Latest tax and related regulatory updates, including an in-depth look at developments in India’s International Financial Service Centre (IFSC) regime
• Income-tax updates on dispute resolution – the Vivad se Vishwas Scheme, taxpayers GST related information in the income-tax data platform, and other updates
• Indirect tax updates on GST E-invoicing, faceless assessments in Customs, and other updates
• Important tax-related rulings

The subject matter experts for the session are:
• Ashutosh Dikshit
• Madhav Kanhere
• Monika Arora
• Prasad K. S.
 

Quarter: July – September 2020

Date: 14 October 2020

As India continues to face restricted economic activity as a response to the COVID-19 pandemic, the tax landscape is also evolving rapidly, and there have been a number of developments in the quarter of July to September 2020, which will impact businesses.

Tune in to understand the implications of the developments in this quarter including the following:
• Faceless assessment/appeals schemes under income-tax
• New tax deduction and collection provisions effective from 1 October 2020
• Customs – Rules of Origin and bonded warehouse manufacturing
• Updates on indirect tax incentive schemes
• Major tax rulings and other tax developments

Our Subject Matter Experts for the session are:
• Ashutosh Dikshit
• Priya Narayanan
• Promod Batra
• Saurabh Kanchan

 

 

Quarter: April - June 2020
Date: 15 July 2020

COVID-19 and a slew of other developments in the tax landscape over the April – June 2020 quarter could significantly impact your business.

Tune in to know and understand the implications of these developments as we cover the following updates:

• The Production Linked Incentive (PLI) scheme
• COVID-19 related tax compliance relaxations
• Major tax rulings and other tax developments

Our Subject Matter Experts for the session are:
• Ashutosh Dikshit
• Nidhi Lukose
• Sharath Rao
• Sujit Parakh
 

Quarter: January - March 2020
Date: 15 April 2020

A slew of developments in the tax landscape over the first three months of 2020 could significantly impact your business.

Tune in to understand the business implications of the following developments:

  • Select issues emanating from government amendments while enacting the Finance Bill, 2020
  • Select changes emanating from the BEPS project and the MLI which come into effect from April 2020 in India’s major tax treaties
  • Recent court rulings under direct tax laws and key notifications, circulars, and schemes 
  • Recent court rulings on GST and other indirect taxes along with an update on key decisions of the GST Council, notifications, circulars, and schemes

Our Subject Matter Experts for the session are:

  • Ashutosh Dikshit
  • Gulzar Didwania
  • Himanshu Patel 
  • Pravin Agrawal

Tune in to the recording to gain insights.  

Quarter: October - December 2019

Date: 22 January 2020

The final quarter of 2019 has brought in some significant tax changes which have multiple effects. Tune in to understand the business implications of the following developments:

  • Recent direct tax rulings on issues relating to taxation of goodwill, tax exposure of Liaison Offices, interplay between amendments in domestic tax law and existing tax treaty provisions, Dividend Distribution Tax, etc.
  • Key tax updates including the changes introduced in 'The Taxation Laws (Amendment) Act 2019' as compared to 'The Taxation Laws (Amendment) Ordinance 2019'
  • Key issues relating to claiming weighted deduction on salaries paid to new employees-the only significant tax incentive now available under the lower corporate tax rate regime brought about by the 2019 Ordinance
  • Key changes in the indirect tax landscape - push towards e-invoicing, implications of the WTO recommendations on India's export subsidies, automated refunds and other key updates

Our Subject Matter Experts for the session are:

• Ashutosh Dikshit, Direct tax and Tax Policy
• Jimit Devani, Direct tax
• Prashanth Bhat, Indirect tax
• Rashmi Maskara, Direct tax

Tune in to the recording to gain insights.  

Quarter: July – September

Date: 23 October 2019

The second quarter of 2019 has witnessed seminal changes in the areas of direct and indirect taxation that can impact your business.

Tune in to understand the business implications of the following developments:

  • Important direct tax circulars and notifications
  • Practical insight pertaining to the impact of Multilateral Instruments (MLI) in case of some tax treaties
  • Recent direct tax rulings on re-characterisation of compulsorily convertible debentures into equity shares, and taxation of shareholders in case of non-compliant conversion of company into LLP
  • Recent indirect tax case laws, circulars, and notifications on issues related to intermediary services, secondary or post sales discount, in bond manufacturing etc. under GST

Tune in to the recording to gain insights

Quarter: April - June

Date: 7 August 2019

The tax landscape has witnessed a spate of developments in the quarter that went by. These changes could have a bearing on your business and tax processes.  

Join us on the webcast to understand the business implication of the following developments:

  • Recent changes in tax laws -

– Ratification of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting Instrument (MLI) by the Indian Government.

– Recent developments in customs 

– E-invoicing system under Goods and Service Tax (GST)

– Key changes in the new GST returns format and the return filing system

  • Recent direct tax rulings on -

– Business restructuring transactions. 

– Fees for Technical Services (FTS). 

  • Deductibility of goodwill amortisation.
  • Beneficial ownership of shares and impact on carry forward of tax losses. 

Tune in to the recording to gain insights.

Quarter: January - March

Date: 24 April 2019

The tax landscape is shifting and yielding a fundamentally different future. There have been a slew of developments in the first three months of 2019, which can significantly impact your business.

Tune in to understand the business implication of the following developments:

  • Recent rulings on fees for technical services, taxability of share premium, tax sparing credit, permanent establishment
  • Recent notification with respect to angel-tax exemption issued by the Central Board of Direct Taxes and Department for Promotion of Industry and Internal Trade
  • Anti-profiteering and advance rulings on varied issues
  • Recent GST notifications and Circulars and GST Amendment Act

Tune in to the recording to to gain insights.

Quarter: October - December

Date: 9 January 2019

Today’s tax and business environment is characterised by volatility and change. Through this session, our effort is to provide you with broader perspectives to help you assess and respond to emerging issues from multiple angles.

Tune in to understand the business implication of the following developments:

  • Recent court ruling on GAAR;
  • Fees for technical services;
  • Allowability of non-compete fees
  • Recent advance rulings in relation to tax positions of the outsourcing/ BPO, financial services, telecom sector;
  • Key amendments/ clarifications and other advance rulings in context of canteen services and lottery business;
  • Key notifications/ circulars issued by the Central Board of Direct Taxes.

Quarter: July - September

Date: 10 October 2018 

The tax landscape is changing rapidly. Regulatory changes, increased information requirements, technological advancements, organisational scrutiny, and efficiency expectations— everything about the tax world is in flux. In a tax environment of competing, and sometimes, conflicting demands, Deloitte Tax is here to deliver greater clarity–to lead with confidence.

The income-tax jurisprudence on permanent establishments continue to be in the limelight; more changes and advance rulings on GST could be expected.

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