Banking, Financial Services & Insurance Home
Article
8 ways banks can stave off potential bad debts
Ways in which banks can streamline the multiplicity of current accounts through the framework laid out by the RBI.
Consumer, Retail & E-commerce Home
Report
Shoppers don’t stop- A survey on consumer trends
7 in 10 Indians ready to loosen purse strings this festive season, according to Grant Thornton Bharat Consumer Survey
Healthcare and Life Sciences Home
#COVID19
Health Check Q1 FY 21
The third edition of Health Check takes a closer look at the summary of Grant Thornton’s International Business Report findings from the healthcare sector and more
Automotive and Manufacturing Home
Article
Speed limiters for Auto PLI scheme
Insights from the PLI scheme launched by the government for automobile and auto components sector
Media, Technology and Entertainment Home
Report
TMT industry: Fully charged or on standby?
Grant Thornton surveyed 943 Technology, Media and Telecoms (TMT) business leaders, as part of our Global business research on their reactions to 2020, their outlook for 2021 and how they are preparing for future challenges.
Real estate and Construction Home
Publication
Realty Bytes - July 2021
Know what is defining the future of real estate, impact of the second wave and the emerging realty trends

Contents
The March edition of GST Compendium analyses various important amendments/updates key judicial pronouncements and decodes advance rulings.
Key highlights of the publication
- Important updates/announcements: A Comprehensive Economic Partnership Agreement (CEPA) has been signed between India and the United Arab Emirates (UAE), to boost trade and commerce. This should open new avenues for investments and encourage business through reduced tariffs and increased market access.
- Key judicial pronouncements: The Bombay High Court (HC) has held that a clarificatory circular issued by the Directorate General of Foreign Trade (DGFT) cannot retrospectively amend or take away the benefits granted under the Served From India Scheme (SFIS). The present decision by the Bombay HC aligns with the Apex Court's ruling and should provide clarity to businesses on this subject.
- Decoding advance rulings: The Telangana AAR observed that the applicant had recovered compensation on account of the delay in commissioning the project beyond the agreed milestones. The AAR stated that tolerating an act or a situation under an agreement constitutes a "supply of service". Therefore, such toleration's consideration or monetary value is exigible to GST.
Important developments in direct taxes: On the direct tax front, the Central Board of Direct Taxes (CBDT) has issued clarification on the interpretation of the most favoured nation clause. Further, the methodology for computing the capital gains on the sale of units of a unit linked insurance plans has also been notified.
Download the report here [ 2172 kb ]
GST Compendium: March 2022
The March edition of GST Compendium analyses many tax updates and trade agreements.