Business & Beyond

What’s new * The Apex Court lays down key principles in relation to educational institutions for tax exemption * The Apex Court settles the controversy in relation to interpretation of the expression “General public utility” for charitable organisations * Central Board of Indirect Taxes and Customs clarifies that payments made using Form DRC-03 are not valid modes of payment for pre-deposits under the erstwhile central excise and service tax laws About TaxPod The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past monthin a few minutes. Please do provide your feedback to us about this edition of the taxpod at nto@in.gt.com [nto@in.gt.com].

Regardless of how progressive or woke an organisation is, employees always start from a position of disadvantage, negotiating their way to a better place—either individually or collectively, formally or informally. That’s the norm we storm in this episode of our podcast. Listen in as Narayan & Anisha get chatting with a talented duo Aditya & Gautam from the very aptly titled new age firm “TALENTED” and their attempt at creating a workplace model that’s trying its best to exceed employees’ expectations one HR policy at a time We also have for this episode Ritika Mathur, Partner – Human Capital Consulting, Grant Thornton Bharat for the GT Insights section to throw some light on how can companies deploy ESOPs in the best way to foster not just stock ownership but company ownership in the true sense of the phrase.

What’s new * Central Board of Direct Taxes issues additional guidelines under section 194R, addressing concern of stakeholders * Organisation for Economic Co-operation and Development releases new Crypto-Asset Reporting Framework * Central Board of Indirect Taxes and Customs issues guidelines for launching prosecutions punishable under the GST law About TaxPod The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past monthin a few minutes. Please do provide your feedback to us about this edition of the taxpod at nto@in.gt.com [nto@in.gt.com].

What’s new * The Central Government notifies Foreign Exchange Management (Overseas Investment) Regulations, 2022 * Central Board of Indirect Taxes and Customs issues guidelines on the issuance of summons under the GST law * The Apex Court holds that the Insolvency and Bankruptcy Code will prevail over the Customs law to recover dues, once the moratorium is declared About TaxPod The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past monthin a few minutes. Please do provide your feedback to us about this edition of the taxpod at nto@in.gt.com [nto@in.gt.com].

What’s new * The Supreme Court to take up and resolve the issues relating to Most Favoured Nation clause in Indian Tax Treaties * Organisation for Economic Co-operation and Development releases Progress report on Amount A of Pillar One, for public consultation * The threshold  for e-invoicing reduced to INR 10 crore with effect from 1 October 2022 About TaxPod The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past monthin a few minutes. Please do provide your feedback to us about this edition of the taxpod at nto@in.gt.com [nto@in.gt.com].