Global Tax Update : April 2018 / India
E-way Bill pertains to the system of furnishing information prior to commencement of movement of goods of value more than INR 0.05million. The Government rescinded the earlier notification wherein it had appointed 1st day of February, 2018, as the date for roll out of e-way bill system.
This newsletter explains the following topics;
- GST Updates
- Recent key changes to India immigration
- Corporate tax - Supreme Court holds that expenditure incurred for acquiring strategic investments subject to disallowance u/s 14A read with rule 8D
- Reserve bank of India （RBI）notifies provisions relating to cross border mergers, amalgamations and arrangements
- Easing of access norms for investment by Foreign Portfolio Investors （FPIs）