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Tax Post-A bi-monthly Indirect Tax Bulletin - January 2022

25 January 2022

BDO in India is pleased to present ‘The Tax Post’ - A bi-monthly Indirect Tax Bulletin’ focusing on the world of Indirect Taxes, highlighting major trends across the space in India and globally, while also bringing forth practical views and experiences from our tax experts.

Presenting edition 10 of The Tax Post, spotlighting key industry trends:

Cover Story - The GST law leaves many questions unanswered regarding the levy of tax on transactions in Cryptos. Tax authorities have been very active in their attempt to tax Cryptos and garner additional revenue. The Cover Story of this edition of The Tax Post discusses the tax implication on transactions of/in Cryptos.

Expert Speak - Transactions between ‘related’ parties have been under the scanner of tax and regulatory authorities for a long time, even if it is at “arms’ length”.  The Expert Speak discusses specific GST aspects around this, which the taxpayer should be mindful of.

In-Tales – Service is viewed as a vehicle to gather a larger share of global trade and aid in economic development. Coherent and consistent policies at the national and global platform would help India achieve this object. This section deals with key aspects of the services sector in India.

Decoded – Denial of ‘natural justice’ continues to haunt taxpayers despite court strictures, time and again. In an important judgment, the Telangana High Court underscored this aspect. We analyse and decode this decision for our readers in ‘Decoded’.

Global TrendsA curation of latest VAT/GST and Customs news from jurisdictions around the globe.