US-India Tax Forum-Government of India policymakers

US-India Tax Forum:

Navigating India’s
Tax Policy Landscape

US-India Tax Forum:

Navigating India’s
Tax Policy Landscape

US-India Tax Forum:

Navigating India’s
Tax Policy Landscape

US-India Tax Forum:

Navigating India’s
Tax Policy Landscape

US-India Tax Forum:

Navigating India’s
Tax Policy Landscape

Budget 2024 debrief
with analysis,
perspective, and insights

Wednesday, July 24, 2024 | Virtual

US-India Tax Forum

Navigating India’s
Tax Policy Landscape

A specialized platform bringing together Government of India policymakers, global tax experts and the business community to advocate for better tax policy.

Key Engagements

Amendments to TCS provisions on on spends under Liberalised Remittance Scheme (LRS)

Customs procedures and policies

GST policy and procedural issues

Whitepaper on Multilateral Framework for International Tax I Co-Operation

Implementation of export incentives schemes (RoDTEP, SEIS)

Recent Updates

Budget

GST

Custom

Corporate & Direct Tax

Research

Budget

GST

Custom

Corporate & Direct Tax

Research

Union Budget 2024-25 | USISPF Tax Forum Advocacy Wins

Jawaharlal Nehru Customs House issued revised guidelines on June 24, 2024, for verifying certificates of origin with third-party invoicing under Free Trade Agreements

USISPF – EY joint report on the Impact of new GST law on skill-based online games

GST @ 7: An Insight into the seventh year of GST

Union Budget 2024-25 | USISPF Tax Forum Advocacy Wins

AEO study report

Jawaharlal Nehru Customs House issued revised guidelines on June 24, 2024, for verifying certificates of origin with third-party invoicing under Free Trade Agreements

53rd GST Council Meeting

USISPF – EY joint report on the Impact of new GST law on skill-based online games

Past Events

Budget 2024 debrief with analysis, perspective, and insights

Debriefing session on the key recommendations of the 53rd GST council meeting

Industry interaction with Mr Rasmi Ranjan Das, Chief Commissioner of Income Tax (International Taxation)

Debriefing session for its members on the key recommendations of the 53rd GST council meeting

Virtual session on navigating the complexities of Anti- Dumping Laws in India

Virtual session to present draft report on trade facilitation measures for Authorised Economic Operators

Forum participated in the 17th All India Customs Consultative Group (AICCG) meeting along with industry representatives

Forum attended Capacity Building Workshop on “WTO issues and Electronics & Telecom sector in India: ITA-1 and ITA-E agreements & disputes”

Virtual discussion on Post Budget (Interim) Insights 2024

Tax Forum: Industry Consultation with CBDT regarding extension of benefits available to companies for manufacturing of solar modules, electrolysers, and green hydrogen

Roundtable, in collaboration with KPMG: Evolving Trends in APA and MAP Programme

Webinar on Supreme Court's judgment interpreting the Most Favoured Nation (MFN) clause

USISPF hosted an Industry meet with GST policy wing to discuss the Classification of ESOP reimbursements as import of service under GST

Consultation with GST Policy Wing and GST Council Secretariate, CBIC to discuss GST policy & procedural issues impacting ease of doing business

Consultation with CBIC and Department of Telecommunications to discuss interpretational issues emerging from Circular on classification of telecom products and equipment

Consultation with Tax Planning & Legislation Unit (TPL) and Tax Policy and Research Unit (TPRU), Ministry of Finance on coverage of international credit card transactions under LRS

Consultation with Finance Ministry on impact of amendments to MOOWR Scheme under Customs

Consultation with Finance Ministry to discuss issues in Customs Circular on classification of telecom products and equipment

Consultation to discuss practical challenges emerging from inclusion of international credit card transactions under Liberalised Remittance Scheme

Roundtable to strategise advocacy on mandatory e-filing of Form 10F for non-residents not having a PAN in India

Meeting with Mr. Shashank Priya, Member, Central Board of Indirect Taxes & Customs to discuss various industry issues under GST Laws

Interaction with Mr Rasmi Ranjan Das, Joint Secretary (Foreign Tax & Tax Research) and Competent Authority (USA), Indian Ministry of Finance

Forum participated at the 16th All India Customs Consultative Group (AICCG) meeting

Roundtable discussion on tax implications for US inbound businesses

Consultation with Tax Research Unit, CBIC on Customs issues for pharmaceuticals and medical devices sector

Consultation with GST Policy Wing, CBIC on GST issues for pharmaceuticals and medical devices sector

Virtual briefing on Amnesty Scheme for one time settlement of default in export obligations by Advance Authorisation (AA)

Forum participated in industry consultation with CBDT on applicability of Section 56(2)(viib) of the Income Tax Act to non-resident investors

Consultation with Customs department at Ministry of Finance for telecom sector

Consultation with ADG (Systems), CBDT to request extension in Form 10F compliance for non-residents

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.

Mr Tejas Mehta,CFO, Mondelez India

US-India Tax Forum-Government of India policymakers

Budget 2024 debrief
with analysis,
perspective, and insights

US-India Tax Forum

Navigating India’s
Tax Policy Landscape

Key Engagements

Recent Updates

Union Budget 2024-25 | USISPF Tax Forum Advocacy Wins

AEO study report

Jawaharlal Nehru Customs House issued revised guidelines on June 24, 2024, for verifying certificates of origin with third-party invoicing under Free Trade Agreements

53rd GST Council Meeting

USISPF – EY joint report on the Impact of new GST law on skill-based online games

GST @ 7: An Insight into the seventh year of GST

Past Events

Budget 2024 debrief with analysis, perspective, and insights

Debriefing session on the key recommendations of the 53rd GST council meeting

Industry interaction with Mr Rasmi Ranjan Das, Chief Commissioner of Income Tax (International Taxation)

Newsletter

Knowledge Partners

US-India Tax Forum-Government of India policymakers

Budget 2024 debrief with analysis, perspective, and insights

US-India Tax Forum

Navigating India’s Tax Policy Landscape

Key Engagements

Recent Updates

Newsletter

Knowledge Partners

Budget 2024 debrief
with analysis,
perspective, and insights

Navigating India’s
Tax Policy Landscape