Tax & Regulatory Newsletter – November, 2019 Edition

Greetings!

We are pleased to attach herewith the Tax & Regulatory Newsletter – November, 2019 edition highlighting major recent tax and regulatory developments.

DIRECT TAX

NR’s services to Indian subsidiary de hors imparting of know how – not ‘royalty’
ITAT Delhi: Supplies to telecom operators in India, not taxable sans PE
No TDS on payments to foreign affiliates for providing audit, advisory services
AAR: Revenue from offshore supply, non-taxable

TRANSFER PRICING

ITAT adopts cup method, accept comparable data from the customs department’s database for benchmarking imports/exports
ITAT Directs aggregation approach for benchmarking Royalty transaction; Reject CUP absent comparable cases

REGULATORY

Amendment in appointment of Director’s rules
Brief summary of FEMA Amendments

GST

CBIC clarification issued on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
Other pertinent changes in GST law

COMPLIANCE CALENDAR

Direct Tax
GST
Regulatory

We trust that you will find it interesting and informative.

Tax & Regulatory Newsletter - November, 2019 Edition

Nangia Andersen India Pvt. Ltd. – Tax & Regulatory Newsletter_Nov, 2019