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India’s first International Financial Services Centre (IFSC), launched in 2015 at GIFT City, Gandhinagar, Gujarat, acts as a gateway for global financial operations. Strategically positioned to connect markets from Hong Kong to London and New York, it leverages India’s skilled talent and resources.

India’s GST 2.0 reforms are reshaping the Indo-Japan automotive partnership through simplified tax structures, reduced rates, and EV incentives. The reforms enhance manufacturing competitiveness, liquidity, and consumer demand while driving job creation and investment. Supported by CEPA and bilateral innovation programmes, India and Japan are advancing sustainable mobility, smart manufacturing, and supply chain resilience—cementing India’s position as a global automotive hub.

Grant Thornton Bharat’s PolicyCast is your window into policy, tax, and regulatory developments. Each episode features expert perspectives on issues that matter to businesses, individuals, and the wider economy.

The November 2025 edition of the Grant Thornton Bharat Monthly Tax Bulletin captures key developments under the direct taxes, transfer pricing, indirect taxes, and FEMA, for September 2025.

The Reserve Bank of India’s proposed Expected Credit Loss (ECL) framework marks a major shift in credit risk management for banks. By introducing forward-looking provisioning based on probability of default, loss given default, and exposure at default, the framework enhances early risk detection and capital planning. With strong governance, transparency, and global alignment, this reform positions Indian banks for improved financial resilience and compliance with international best practices.

Grant Thornton Bharat’s PolicyCast is your window into policy, tax, and regulatory developments. Each episode features expert perspectives on issues that matter to businesses, individuals, and the wider economy.

The GSTAT Manual: A Guide to Appeals under GST is a comprehensive booklet marking the long-awaited operationalisation of the Goods and Services Tax Appellate Tribunal (GSTAT), eight years after the introduction of the GST law.

In the latest PolicyCast episode, Riaz Thingna, Partner, Tax, Regulatory & Finance Consulting, highlights key updates that corporates must consider while filing ITR for FY 2024–25.

The unanimous adoption of these reforms by the Centre and all states reflects a shared resolve to place citizens at the heart of policy and to align GST with India’s long-term developmental aspirations.

In the latest episode of Grant Thornton Bharat's PolicyCast, our Partner, Tax Planning & Optimisation, Krishan Arora, provides a comprehensive perspective on the merger of the 12% and 18% tax slabs. This pivotal change is a significant step toward a more streamlined and globally competitive tax structures.

In this episode, our Partner and Tax Controversy Management Leader, Manoj Mishra, shares his insights on the recent US decision to impose steep tariffs on Indian exports and analyses its wider implications for businesses, MSMEs, and the economy.

Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.

Introducing Policycast – your window into policy, tax, and regulatory insights. Each episode brings expert perspectives on the latest developments shaping businesses, individuals, and the economy.

India's share in global services exports has been growing steadily over the last two decades. From being at the 24th spot in 2001, the country has now become the 7th largest exporter of services in the world. The government has made concerted efforts to promote India's services exports, rolling out initiatives such as setting up of 65 Export Facilitation Centres (EFCs) across the country to mentor and support exporters, securing market access through multilateral, regional and bilateral trade agreements, and launching an Action Plan for Champion Sectors in Services to prioritise high-growth service sectors.

The August 2025 edition of the Grant Thornton Bharat Monthly Tax Bulletin captures key developments under the direct taxes, transfer pricing, indirect taxes, and FEMA, for July 2025.

The Insurance Regulatory and Development Authority of India (IRDAI) introduced a series of regulatory updates between January and June 2025. These developments, while shedding light on the key insurance taxation trends in India, comprise circulars, notifications, and key amendments. This reflects the authority’s ongoing commitment to strengthen compliance, protect policyholder interests, and shape a future-ready insurance ecosystem in India.