Grant Thornton TaxPod – July 2021

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About TaxPod

The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past month, in around 5 minutes.

What’s new

  • Announcement on two-pillar solution to address tax challenges arising due to digitalisation of the economy
  • Bombay High Court reaches a split verdict on constitutional validity of provisions relating to intermediary services under GST
  • Compliance check functionality introduced to ease compliance burden on tax deductors and collectors

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