US-India Tax Forum-Government of India policymakers

Over the course of one year of our association, we have benefited immensely from strategic support that the USISPF has provided us on critical issues. The US-India Tax Forum particularly has been proactive in leading some of the long pending industry issues and ensuring a quick turnaround thereby helping member companies achieve an expedited resolution.

The US-India Tax Forum is doing an excellent job of facilitating business for US companies in India. It serves as an effective conduit for aggregating industry tax disputes, fostering robust discussions, and filtering key issues to present to the government. The forum’s credibility ensures a constructive environment for rational discussions and resolution of issues.

I would like to congratulate USISPF’s Tax Forum for their tax advocacy wins in the current Budget 2024.
Their focused and relentless advocacy on several business-friendly tax recommendations, have been incorporated in the Budget, 2024. For example:
- Corporate tax rate for foreign companies reduced from 40% to 35%.
- To bolster Indian startup ecosystem: Angel tax abolished
-Withdrawal of Equalization Levy of 2% on e-commerce supply of services, presumably moving towards ‘Pillar 2’ roadmap for India
This would not have been possible without the unwavering support of the passionate team in USISPF Tax Forum. Their commitment, energy and voices were instrumental in driving these results.
Thank you for being a part of this incredible journey and for continuing to champion the business issues.

We have been dealing with USISPF for multiple indirect tax issues like customs, GST etc., It is been a few years of association and US-India Tax Forum has been proactive in leading some of the long pending industry issues and ensuring a quick turnaround thereby helping member companies achieve an expedited resolution.

Whether it is budget relating issues, GST council related issues, ease of doing business, you have been instrumental in flagging the industry issues to Government/its agencies, in a professional manner and excellently representing the interest of the industry in the meetings. The biggest advantage with the your team/this forum is the understanding of the criticality of subject and quickly reverting on the issues and taking up with the right person in the Government.

Owing to this strategic support that the USISPF has provided us on critical issues, we have tremendously benefitted and would love to work with USISPF for all future indirect tax/business issues relating to chemical/Pharma industry.

I want to take this opportunity to acknowledge your support to our establishment w.r.t the issues that arise in ease of doing business. Your collaborative spirit and willingness to support make it easy to work with you. You are open and transparent in communication and timely in follow-ups that is critical to the industry we are in.

Your perseverance and networking skill are worth a mention here. We have been able to align with the right stakeholders and get desired results in most cases because of the same.

I look forward to working with you in the near future as well.

The US India Tax Forum continues to play a critical role in advancing expanded Indo-US economic and commercial growth in the region. The Tax Forum provides a platform for taking forward win-win tax policy recommendations which are of shared interest for the aerospace industry.

The Tax Forum by USISPF is a one-of-a-kind platform that has helped ExxonMobil’s various affiliates leverage the forum’s deep knowledge and network to better understand India’s indirect tax environment. Over the years, the forum has been instrumental in highlighting concerns around operational constraints and finding resolutions on several occasions. Tax administration and reforms are central to attracting more investments in manufacturing and services sectors, particularly in the growing Global Capability Centre (GCC) space. I’m confident that the forum can continue bridging policymakers and industry to facilitate regular dialogue and exchange ideas to make the Indian tax system an essential enabler of India’s aspiration to become a $ 5 trillion economy.

Over the last year, the US-India Tax Forum has proven to be an invaluable platform for businesses navigating India's complex GST landscape. Through their sustained efforts and earning trust with senior tax policy stakeholders at the Finance Ministry, the forum has facilitated helpful clarifications to improve the ease of doing business in the country.