In September 2018, Indian authorities ruled that a certain local supplier was providing marketing, sales-promotion and post-sales support services that could not be considered passive marketing activities. Many corporate groups doing business in India will need to reevaluate their indirect tax positions in light of the recent ruling.
India recently voted to replace its labyrinth of confusing, overlapping federal and state taxes with a single tax on goods and services. The new GST system aims to make India more attractive to foreign investment.
This August, the Indian parliament passed legislation which introduced a Goods and Services Tax (GST) which will take effect on April 1st, 2017. The new GST tax regime will have an impact on all aspects of business in India.
India recently voted to replace its labyrinthine federal and state taxes with a single tax on goods and services.The implementation of the new GST regime will require businesses operating in India to overhaul their current indirect tax processes. Most companies have not yet prepared for the tax.