Shifting trade policies, evolving legal interpretations, and notable judicial rulings are redefining India’s indirect tax environment. The August 2025 edition of GST Compendium provides key global and domestic updates with implications for industry stakeholders and tax professionals. Internationally, recent tariff measures and strategic trade agreements have affected market access and export dynamics across multiple sectors. On the domestic front, GST performance indicators reflect sustained economic activity and compliance trends. Significant court decisions have addressed the scope of taxable transactions, the transfer of input tax credit post-amalgamation, and the limits of retrospective taxation in customs matters, offering greater procedural clarity. The edition also covers developments in direct taxes, including policy notifications, treaty amendments, and judicial interpretations on permanent establishment considerations.
