Doing Business in India
India is presently aligning its transfer pricing regulations with global standards. However, there are some remarkable differences that are unique to the Indian regulations, like the concept of ‘deeming fiction’. On the global front, the OECD achieved substantial progress in its BEPS project with the release of the country-by-country reporting implementation package. This issue of Transfer Pricing 360° discusses the major Indian and global transfer pricing developments in the last quarter.
With India’s new Black Money legislation, expatriates working in India will also need to keep abreast of developments as the government plans to take stringent measures against offenders, including a heavy tax, penalties, or prosecution proceedings. In this article we discuss the impact of the Black Money Act on expatriates and Indian nationals returning to India after working abroad.
The logistics industry in India was estimated to be worth USD 130 billion in 2013 and has been growing rapidly. While the logistics sector could be among the primary bottlenecks in driving economic growth, it will also act as a catalyst to realising India’s ‘manufacturing dream’ over the next decade. In this article, we look at the possible impact of GST on the manufacturing sector.