The SKP Advantage
In this issue, we look at the vexed issue of pricing of intangibles. We cover developments in India that took place in the last quarter of the fiscal year, like the notification by the government on the Advanced Pricing Agreement (APA) and the first bilateral APA signed between India and Japan. Globally, we saw jurisdictions beginning to realign their regulations to ensure a smooth transition to the recommendations/guidelines of the OECD’s BEPS project.
India’s Finance Minister, Arun Jaitley, has delivered his maiden full-year budget. Prime Minister, Narendra Modi, applauded it as progressive, positive, practical, pragmatic and prudent. The Finance Minister has attempted to provide certainty on various aspects, removing doubts on tax issues. The Budget has also provided a huge impetus to doing business in India. Read our publication to understand the implications and intricacies of Budget 2015.
Following a consensus with various state finance ministers two days ago, India’s Finance Minister spoke in the Lok Sabha on the Constitutional Amendment Bill for GST earlier today (24 April). While its implementation is expected to benefit all and boost India’s GDP growth, the Bill remains to be passed.