Grant Thornton TaxPod - September 2022

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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 a few minutes. Please do provide your feedback to us about this edition of the taxpod at nto@in.gt.com.

What’s new

  • The Central Government notifies Foreign Exchange Management (Overseas Investment) Regulations, 2022
  • Central Board of Indirect Taxes and Customs issues guidelines on the issuance of summons under the GST law
  • The Apex Court holds that the Insolvency and Bankruptcy Code will prevail over the Customs law to recover dues, once the moratorium is declared

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