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

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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

July 2023

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.

May 2023

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
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) and Export Promotion Capital Goods (EPCG) authorisation holders that was introduced under Foreign Trade Policy 2023

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

March 2023

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

Meeting with Ms. Rama Mathew, Member (Tax Policy), Central Board of Indirect Taxes & Customs discuss various industry issues under GST Laws

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

Meeting with Tax Policy & Legislation Unit to discuss taxation of per-diem allowances

USISPF Tax Conclave: A Global Perspective on the Multilateral Tax Deal

Monday, March 06, 2023 | New Delhi

For more details, please contact Anikha Ashraf at aashraf@usispf.org

Forum met with senior officials at FTA Cell, DIC, to discuss challenges emanating from implementation of CAROTAR provisions on the ground.

Forum met with the Commissioner, GST Policy Wing, Central Board of Indirect Taxes & Customs to discuss challenges faced by members with respect to determination of place of supply for international courier services in case where either the service provider or recipient is located outside India. This was a follow up to our earlier submission on the matter submitted to the Policy Wing.

USISPF hosted an interactive roundtable to discuss corporate and international tax proposals announced in Union Budget 2023. The session was chaired by Ms. Pragya Sahay Saksena, Member, (Legislation & Systems), Central Board of Direct Taxes.

For further details, please contact Anikha Ashraf at aashraf@usinfoundation.org.

USISPF hosted a post-Budget roundtable to discuss the impact of tax proposals under the Union Budget 2023 on foreign investment. The panel consisted of Mr. Subhash Chandra Garg, Former Finance Secretary, Ministry of Finance, Mr. Akhilesh Ranjan, Advisor, Price Waterhouse & Co LLP and Former Member, Central Board of Direct Taxes, Mr. D P Nagendra Kumar, Former Member, Central Board of Indirect Taxes and Customs, and Mr. Mukesh Butani, Managing Partner, BMR Legal. The session was moderated by Mr. Sanjay Tolia, Partner, Price Waterhouse & Co LLP.
For further details, please contact Anikha Ashraf at aashraf@usinfoundation.org.

December 2022

Forum participated in industry consultation organised by Ministry of Commerce to discuss finance and taxation aspects of draft Development of Enterprises and Services Hubs (DESH) Bill, 2022

USISPF presented recommendations on direct and indirect taxes as part of pre-Budget meeting for Union Budget 2023-24 organised by Ministry of Finance. The meeting was chaired by Chairman of Central Board of Direct Taxes (CBDT) and attended by senior officials from Tax Planning and Legislation Unit (CBDT) and Tax Research Unit of Central Board of Indirect Taxes & Customs.
Forum organized an industry consultation with office of GST Policy Wing at Central Board of Indirect taxes & Customs to discuss recommendations for effective resolution to the request for state-wise data by GST authorities at the time of GST auditsFor further details, please contact Anikha Ashraf at aashraf@usinfoundation.org.

October 2022

USISPF along with key members participated in an intensive in-person consultation with the office of the Pr. Commissioner, Directorate of International Customs (DIC) to discuss long-standing challenges in implementation of CAROTAR provisions on the ground and its impact on ease of doing business. Following this round of consultations, the Forum shall shortly be making a submission detailing the challenges faced by industry. For further details, please contact Anikha Ashraf at aashraf@usinfoundation.org.

To participate in the US India Tax forum engagements, please write to Shweta Kathuria

For further details please reach us here

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