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Monthly Tax Bulletin: August 2025

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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.

Key highlights:

  • The SC rules that substantive control of a foreign enterprise on Indian operations constitutes a Fixed Place PE.
  • The RBI permits offshore support vessels to be re-imported into India.
  • The Madras HC holds that the ITAT’s remand does not dispense with mandatory procedure u/s.144C; reverses single judge order.
  • The SC rules final adjudication order mandatory despite the payment of tax and penalty under protest, right to appeal upheld.
  • India and the UK sign the Comprehensive Economic and Trade Agreement (CETA), marking a pivotal moment in India’s trade engagement with developed economies.
  • The India–European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), ratified by Switzerland on 10 June 2025, to be effective from 1 October 2025.
Monthly Tax Bulletin: August 2025
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Monthly Tax Bulletin: August 2025

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.

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