The SKP Advantage
We are pleased to present SKP’s Doing Business in India guide – a publication intended to introduce investors to the business, regulatory and tax environment in India. With India’s increasing attractiveness as a destination for doing business, we hope this guide gives you an overview of the ever-changing Indian environment. If you are looking at investing in India, do contact our team for the latest information.
On 25 September 2014, India’s Prime Minister, Narendra Modi, launched the ’Make in India’ campaign to tell the world that things are changing in India: doing business is going to get easier, efficient and transparent. In his Independence Day speech on 15 August, the PM invited businesses from across the world saying, "Come, make in India! Come, manufacture in India! Sell in any country of the world but manufacture here."
Until 1 September 2014, there was no time limit for claiming CENVAT credit on inputs and input services received by manufacturers or service providers. In case of inputs, credit could be claimed once goods entered the factory premises and in case of input services, credit could be claimed on receiving the invoice.