Tax Submissions- US-India Tax Forum: Government of India policymakers

Industry feedback on implications of non-disclosure of foreign assets in Income Tax Return

Industry concerns regarding Special All-India Drive against fake registrations.

Issues emanating from GST Network advisory restricting time limit on reporting of old invoices on e-invoicing portal.

Post-Budget Memorandum on Indirect Tax Proposals under Finance Bill, 2023.

Representation on Clarification on reimbursement of ESOP provided by parent company being classified as import of service.

Representation on practical challenges faced during GST audits requiring state wise/ GSTIN wise financial statements.

As part of its advocacy on GST matters, the Forum made a submission summarising recommendations for effective resolution to the request for state-wise data by GST authorities at the time of GST audits.

Representation requesting clarification on place of supply for courier services.

Representation requesting clarification on GST applicability on reimbursement towards Lost-in-hole equipment.

As part of its advocacy on GST matters, the Forum made a submission summarising recommendations for effective resolution to the request for state-wise data by GST authorities at the time of GST audits.

As part of its advocacy on GST matters, the Forum made a submission summarising recommendations for effective resolution to the request for state-wise data by GST authorities at the time of GST audits.

In the 47th Meeting of the GST Council held in June this year, the Group of Ministers (GoM) on Rate Rationalisation (led by Mr. Basavaraj Bommai, Chief Minister of Karnataka) had submitted an interim report with its recommendations. Ahead of the next meeting of the GST Council which is likely to be held by the end of September, the Tax Forum has made a representation to the GoM on behalf of the industry summarising the recommendations for rationalising GST rates across sectors.