Tax & Regulatory Newsletter – November, 2019 Edition
We are pleased to attach herewith the Tax & Regulatory Newsletter – November, 2019 edition highlighting major recent tax and regulatory developments.
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
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
Amendment in appointment of Director’s rules
Brief summary of FEMA Amendments
CBIC clarification issued on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
Other pertinent changes in GST law
We trust that you will find it interesting and informative.