India: GST

GST: A year of learning and attainment


Two key issues that will engage the attention of policymakers are the tax rates and the dispute settlement mechanism It’s been a year since the goods and services tax (GST) came into force, though, the nation surely has come a long way from the uncertainty and doubts permeating the political climate and business...

India: Legal

Taxpayer Charter: Nurturing Relationship of Mutual Trust and Respect


Last week, the PM unveiled the Taxpayer Charter with a twin-fold document containing 14-point obligations of the Revenue and 6-point duties of the taxpayer. While the analysis of each is yet to be translated into actionable goals, the announcement is an...

India: Income Tax

Is digital tax the end of Multilateralism as we know it?


Frustrated by the slow pace of discussions and anxious to mobilise revenue considering the Covid-19 pandemic, several countries have taken unilateral measures to tax the digital economy.

India: Income Tax

De-Escalating The Digital Tax Debate


Like most domestic laws and bilateral treaty networks that were established prior to the digital revolution, the international tax regime was built for a brick and mortar economy. Its inability to be adept to new business models and commercial practices in...

India: GST

Reimagining GST for the post-COVID era


There appears to be a common wish list for all stakeholders in the new economic paradigm—that the Goods and Services Tax (GST) Council reverse its role; from making recommendations on how to tax to transforming itself into an institution invigorating economic...

India: Income Tax

The Not-So-Great Equaliser Tax


Days before the nationwide lockdown was announced, as part of the passage of the Finance Act 2020, Parliament proposed an ‘equalisation levy’ on overseas ecommerce operators. This could not have come at a more inappropriate time. Besides ambiguities in the...