J P Chawla & Co. LLP

Fineprint Vol.11 2022

According to the latest World Bank report, India stands in a favorable position compared to other major emerging economies to confront global challenges. Despite facing numerous obstacles, India is projected to maintain robust GDP growth and retain its status as one of the fastest-growing major economies globally, largely due to strong domestic demand. Notably, various circulars and clarifications have been issued within the GST framework, while the CBDT has relaxed electronic submission requirements for form 10F for non-residents in direct taxes. Additionally, the MCA is undergoing significant restructuring of its MCA 21 portal, aiming for enhanced efficiency and effectiveness.
Read more in our newsletter,  including news about GST, Direct Tax, Regulatory, Audit & Assurance, stay updated.

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