We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of September 2019.

The 37th GST Council meeting held in Goa on 20 September 2019 announced major tax reforms for the corporate sector in general and the manufacturing industry in particular. Following the announcements, Indian Government passed Taxation Laws (Amendment) Ordinance, signifying a major shift in the Indian tax Scenario. In this light -

  • The 'Focus Point' section elucidates various reforms introduced by the council meeting, while sharing the expected impact it will have on the corporates, the industry and the economy overall.
  • Under the 'From the Judiciary' section, we provide in brief, the key rulings on important cases, and our take on the same.
  • Our 'Tax Talk' provides key updates on the important tax-related news from India and across the globe.
  • Under 'Compliance Calendar', we list down the important due dates with regard to direct tax, transfer pricing and indirect tax in the month.

Download: SKP Tax Street – September 2019

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.