COVID-19 presents an unprecedented /extraordinary situation impacting the economic environment, which needs to be factored, while undertaking transfer pricing analysis of transactions effected during FY 2019-2020 and also in the next financial year. India is known to be one of the most aggressive TP jurisdiction.TP Team at Vaish Associates, Advocates has noted the following issues, […]
Category : COVID-19
Corporate Alert – Foreign Trade Policy extended due to Pandemic Covid-19 by another one year i.e. up to 31st March 2021
In view of the unprecedented current situation arising out of the pandemic Novel COVID-19, the Ministry of Commerce and Industry issued a Press Release on March 31, 2020 announcing changes in the current Foreign Trade Policy (“FTP”) of the Government of India. Subsequently, the Director General of Foreign Trade issued Notifications/Public Notices/Trade Notices notifying several […]
Competition News Alert – CCI allows Pre-Filing Consultations (PFC) through video conferencing
To keep you updated during the ongoing nation wide crisis due to COVID 19 pandemic, we are happy to bring two latest developments on the merger filing front before the fair trade regulator, the Competition Commission of India (CCI). Briefly, these relate to allowing PFC through video conferencing and revising the Guidance Note to FORM […]
Taxbuzz | The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020
The Hon’ble Finance Minister vide press release on 24.03.2020, had announced various relief measures taken by the Government of India in the area of statutory compliances under the Income Tax and other allied laws in view of COVID-2019 outbreak. The relief/ measures announced by the Hon’ble Finance Minister have now been promulgated by the President […]
GST Cafe – Extension of Foreign Trade Policy 2015-2020
Hope this newsletter finds you in good health. We are pleased to share with you a copy of our latest publication – GST Café, a briefing on the extension of the Foreign Trade Policy 2015-20 and incentives thereunder on account of the COVID-19 pandemic. To read the GST Cafe, click at Download Newsletter. We trust […]