Insights & Updates.
Notes published by the firm on tax, audit, transfer pricing and regulatory developments — for businesses and finance teams in India.
9 articles
GSTGST rate rationalisation: a simpler slab structure and what it means for business
The move toward a simpler GST rate structure is one of the most significant indirect-tax developments in years. Here is a practical view of what rationalisation changes for pricing, systems and compliance.
International TaxThe global minimum tax (Pillar Two): what Indian multinationals should prepare for
A 15% global minimum tax for large multinational groups is now a live reality across many jurisdictions. Here is what in-scope Indian groups and India-based subsidiaries of foreign groups should be doing to prepare.
Audit & AssuranceAI in audit and accounting: what is changing, and what is not
Artificial intelligence and data analytics are reshaping how audit and accounting work is done. Here is a measured view of where the value lies, where the risks sit, and why professional judgment remains central.
Direct TaxSection 43B(h): MSME Payment Timelines and Practical Considerations
Section 43B(h) of the Income-tax Act creates a hard timeline for paying registered micro and small enterprises. Here is what businesses need to know.
Transfer PricingBEPS Action 13: Master File and Local File Requirements
The three-tiered transfer pricing documentation framework — Master File, Local File and Country-by-Country Report — is now well-established in India. Here is what Indian constituent entities need to file.
GSTInput Tax Credit Reconciliation under Rule 36(4): A Practical Guide
Rule 36(4) restricts ITC to amounts reflected in the supplier's GSTR-1. Here is how to operationalise the rule for monthly compliance.
Audit & AssuranceSA 701 — Communicating Key Audit Matters in the Auditor's Report
SA 701 requires auditors of listed entities to identify and communicate Key Audit Matters in the audit report. Here is the framework.
International TaxPlace of Effective Management (POEM): Determining Tax Residence
POEM is the test for tax residence of foreign companies under the Income-tax Act. Here is the framework, the active business test, and recent guidance.
FEMAODI Compliance Framework: Navigating the FEM (Overseas Investment) Rules, 2022
The Overseas Investment regulatory framework was overhauled in August 2022. Here is what Indian residents and entities making outbound investments need to know.