What’s new

• Central Board of Direct Taxes issues clarification on the Most Favoured Nation clause.
• Central Board of Indirect Taxes and Customs enlarges the scope of e-invoicing under Goods and Services Tax regime.
• Recent update on Organisation for Economic Cooperation and Development’s Inclusive Framework and proposed steps taken by countries to protect their taxing rights.

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.