The SKP Advantage
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 a lot of aspects, removing doubts on tax issues. The Budget has also provided a huge impetus to ease doing business in India. Read our publication to understand the implications and intricacies of the Budget 2015.
The enactment of the GST reform is not just another technical revision but is a seminal tax reform, catering to greater transparency, governance, value addition and cost-effectiveness. The new regime will free India of its complex indirect taxation structure and open up an array of opportunities and challenges for businesses in India. With its probable implementation from 1 April 2016, the challenge at hand for the business community is to adapt to the transitional shift in the tax reforms, by understanding the very nuances of the proposed GST Bill.
The transfer pricing world is undoubtedly moving into an exciting yet challenging sphere. The global platforms are heading towards a flat structure and during the last quarter, we have seen many new developments, either introducing comprehensive transfer pricing regimes or expanding the reach of transfer pricing regulations to various intra-group arrangements.