Hope you enjoyed our second edition of Communiqué – Your TP Tabloid!
As the winters start to set and the festive season begins, we in India, head into another compliance cycle. This year the compliance cycle would be lengthier and extensive as there are two additions to the bucket
list – Master File (MF) compliance by November 30 and GST Audit by December 31. Last month witnessed some interesting developments with Central Board of Direct Taxes (CBDT) issuing Scrutiny Guidelines
Financial Year (FY) 2018-19 and also releasing Second Annual Report on Advance Pricing Agreement (APA). Even ICAI on its part issued Guidance on the Amended Tax Audit Report, for the benefits of all the
stakeholders. On Indian litigation front, we witnessed continued and determined efforts of Indian Courts to clear past litigations. Globally Organisation for Economic Co-operation and Development (OECD)
released guidance on four more issues relevant for Country-by-Country Reports (CbCR) implementation and also published transfer pricing country profiles (TPCP) for many new entrants.
We hope that our publications are beneficial and help you in understanding the potential impact of the changes with respect to your business in India. We look forward to receive your contributions/ suggestions at [email protected], as through a mutually inclusive process we wish to make this series your sounding board for decision on TP going forward. Separately, if you would like to discuss any of the items in this issue in greater detail or general TP matters, please do let us know. Happy Reading!
We are pleased to attach herewith the third issue of “Communique- Your Transfer Pricing Tabloid- Issue 3”.
Hope you will find it useful and informative.