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The financial services ecosystem went through various changes in 2024 to adjust to the realities of the world outside and within. Here is a thematic view of some interesting changes the sector experienced during the year.

Union Budget 2025 is seen as a decisive moment for India to drive sustainable growth, enhance its taxation framework, and boost global competitiveness. The key areas include expanding the PLI scheme, simplifying GST rates, resolving customs disputes, investing in infrastructure, skill development, and supporting green energy and start-ups.

In today’s fast-evolving digital payments landscape, ensuring a seamless, secure, and efficient process for bill payments has become crucial for both consumers and financial institutions.

We are pleased to release the latest edition of our RBI Regulatory updates, covering the updates from September, October and November 2024.

The eligibility of input tax credit (ITC) on immovable property under the GST regime has remained a contentious issue since its introduction. Questions have been raised particularly when such immovable property is used for generating taxable outward supplies. The ambiguity stems from inconsistent terminology, specifically the use of ‘plant and machinery’ versus ‘plant or machinery’ in Sections 17(5)(c) and 17(5)(d) of the CGST Act, which has led to divergent interpretations.

The Supreme Court's ruling in the Canon India Pvt. Ltd. v. Commissioner of Customs has sent ripples through the customs law landscape in India. In this pivotal judgment, the apex court revisited the powers of the Directorate of Revenue Intelligence (DRI).

The December edition of the Grant Thornton Bharat Monthly Tax Bulletin captures key developments under the direct taxes, transfer pricing, indirect taxes, and FEMA, for November 2024.

The December edition of the GST Compendium provides key updates on developments across GST, customs, and allied domains, helping businesses stay informed about the dynamic taxation ecosystem in the country.

The November edition of the Grant Thornton Bharat Monthly Tax Bulletin captures key developments under the direct taxes, transfer pricing, indirect taxes, and FEMA, for October 2024.

Fatima Hunaid, the leader of Grant Thornton Bharat LLP’s transfer pricing practice, discusses India’s current tax dispute resolution landscape and schemes to provide greater certainty and accelerated decision timelines.

In recent years, the financial services sector in India has undergone a significant transformation, driven by advancements in technology and changing consumer expectations.

The November edition of the GST Compendium provides significant updates that will impact businesses across various sectors.

Explore the latest October 2024 tax news and compliance updates from Grant Thornton Bharat bulletin, delivering key insights for businesses and individuals.

Explore Grant Thornton Bharat GST compendium for October 2024, covering key GST updates, compliance insights, and regulatory trends for businesses.

GST Case Laws Digest 2019 edition - A section-wise case book of High court judgments or orders, Appellate Authority for Advance Ruling (AAAR), Authority for Advance Ruling (AAR), National Anti-Profiteering Authority (NAA), etc.

We are pleased to release the August 2024 edition of the RBI Regulatory Banking Insights, which brings RBI regulatory updates for the month.