Supreme Court On GST Council: Time To Bury The Differences And Move On
Never ask questions you don’t want to know the answers to. An apt quote by Tom Krause applies perfectly in the context of the recent verdict of the Supreme Court addressing a challenge to the levy of Goods and Services Tax on...
Trade Talk: India’s revised trade vision is a work in progress
Notwithstanding the Ukraine crisis and its attendant effects, FY22 ended on a rather cheerful note for India’s fisc and international trade. Indian exporters did not just demonstrated Covid resilience but also posted robust...
‘GIFT City’ – India’s New Global Financial Services Hub Scales Up
While presenting the Union Budget for the financial year 2015-16, the then finance minister (the late Arun Jaitley) recognized the fact that, despite producing some of the brightest financial minds, India struggled to exploit...
India’s budget looks to tax cryptocurrencies, extending India’s tax base
India’s Union budget announced on February 1 carries key tax amendments affecting multinationals doing business in India. In response to the increasing popularity of digital assets, the budget introduced a special tax regime for...
By Taxing Crypto Assets, India Has Taken First Step towards Regulating This Volatile Space
The unregulated space of cryptocurrency has been largely perceived as volatile, unsafe and susceptible to untimely changes. Considering material volume of reported crypto transactions undertaken by Indians and the financial...
Budget 2022: Rewarding The Honest Taxpayer While Intensifying Efforts To Plug Evasion
While it is popularly heard that the only two things certain in life are death and taxes, any taxpayer for that matter would give an arm for certainty on the quantum of taxes. The stated policy of the government is a stable and...
India announces its budget proposals for 2022-23
When India’s Finance Minister rose before the Lok Sabha (House of Commons) on 1st Feb, 2022 to present her budget for India’s fiscal year 2022-23 (April 1, 2022 to March 31, 2023), she compressed the 284 page budget document...
Budget 2022: A blueprint from India @75 to India @100
The global economy has struggled in the past two years as a result of the COVID-19 pandemic. Repeated waves of pandemic, supply-chain disruptions, and, more lately, inflation have made policy shaping a challenging task. When...
India is finally willing to grow manufacturing at home with customs exemptions of Budget 2022
In the past decade, the Indian manufacturing and export industry has grown rapidly and taken major strides with the aim to become a manufacturing hub for products ranging from automobiles, pharma, and electronics. However,...
Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets
Is India anti-crypto? Is crypto a taboo? Will the government allow tax officials and investigating agencies to determine the framework for regulating and taxing cryptocurrencies? Such questions were being posed in...