Tax Submissions Others-US-India Tax Forum: policymakers

Others

Industry comments on draft valuation rules under ‘angel tax’ provisions.

Request for extension of concessional withholding tax regime on External Commercial Bonds/ INR Bonds.

Industry feedback on direct tax amendments introduced through Finance Act 2023

Industry recommendations on ‘angel tax’ provisions.

Under the RoDTEP scheme, various unrefunded duties and levies on exported products are refunded to exporters operating out of export-oriented units. As part of our ongoing advocacy efforts on Customs issues, the Forum had collated several industry suggestions pertaining to the scheme, including enhancement of existing RoDTEP rates to bring parity with erstwhile schemes and extension of RoDTEP scheme over and above other schemes to create a level playing field with other units. Based on these inputs, the Form has made a representation before the authorities and shall also be organising consultations with key officials this month to take the matter forward.

Under the RoDTEP scheme, various unrefunded duties and levies on exported products are refunded to exporters operating out of export-oriented units. As part of our ongoing advocacy efforts on Customs issues, the Forum had collated several industry suggestions pertaining to the scheme, including enhancement of existing RoDTEP rates to bring parity with erstwhile schemes and extension of RoDTEP scheme over and above other schemes to create a level playing field with other units. Based on these inputs, the Form has made a representation before the authorities and shall also be organising consultations with key officials this month to take the matter forward.

USISPF on behalf of its members have submitted recommendations for the Union Budget 2020 with the Ministry of Finance. Both Tax and non tax recommendations across sectors were shared with key officials at the MoF.

On September 26, USISPF, in association with DMD Advocates, hosted a webinar to apprise our member companies of the recommendations made in the ‘Report of the High Level Committee on Corporate Social Responsibility’. Some of the common questions raised during the webinar and the expert responses are compliled and shared in the form of a quick FAQ document for our members.

The Union Budget will be presented by the newly-appointed Finance Minister Ms Nirmala Sitharaman on July 5, 2019 in first session of Parliament for the new Government that begins June 17 and continues till July 26, 2019. USISPF has submitted our key asks for Budget 2019 across industries as our Pre-budget memorandum. Focus of our recommendations this year is :

  • Resolve legislative and procedural challenges under the Customs Law to address trade barriers
  • Ensure ease of doing business in India to attract investment in India across sectors
  • Address legislative and administrative challenges on GST

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USISPF on behalf of its members have submitted recommendations for the Union Budget 2020 with the Ministry of Finance. Both Tax and non tax recommendations across sectors were shared with key officials at the MoF.

On September 26, USISPF, in association with DMD Advocates, hosted a webinar to apprise our member companies of the recommendations made in the ‘Report of the High Level Committee on Corporate Social Responsibility’. Some of the common questions raised during the webinar and the expert responses are compliled and shared in the form of a quick FAQ document for our members.

The Union Budget will be presented by the newly-appointed Finance Minister Ms Nirmala Sitharaman on July 5, 2019 in first session of Parliament for the new Government that begins June 17 and continues till July 26, 2019. USISPF has submitted our key asks for Budget 2019 across industries as our Pre-budget memorandum. Focus of our recommendations this year is :

  • Resolve legislative and procedural challenges under the Customs Law to address trade barriers
  • Ensure ease of doing business in India to attract investment in India across sectors
  • Address legislative and administrative challenges on GST

USISPF submission on request to exempt Online Information and Database Access Retrieval (‘OIDAR’) service providers from GST Annual and Audit report as required under Section 35(5) and Section 44 of the CGST Act, 2017 - GST

India Tax

USISPF submits feedback to the CBDT committee on profit attribution in case of a permanent establishment in India – May 2019 – Direct taxes

USISPF submits recommendations for Union Budget 2019 – June 2019 – others

The Union Budget will be presented by the newly-appointed Finance Minister Ms Nirmala Sitharaman on July 5, 2019 in first session of Parliament for the new Government that begins June 17 and continues till July 26, 2019. USISPF has submitted our key asks for Budget 2019 across industries as our Pre-budget memorandum. Focus of our recommendations this year is:

US-India
US-India Tax Forum