Monthly Tax Bulletin: August 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.

Download the newsletter

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.

Download

Learn more about how our Tax, Regulatory & Finance Consulting services can help you

Visit the page