Income Tax

• Focused advocacy on

• request for release of notification for enforcement of MFN clause in specific bilateral treaties

• need for reciprocal tax treatment upon reorganisation of foreign regulated funds investing in Indian securities as given in the home country of such funds

• request to extend benefit available to companies under section 115BAB specifically for manufacturing of automobile industry products, renewable generation projects such as solar power, wind power, hybrid power, green hydrogen, green ammonia

• need for corporate tax parity for foreign banks operating as branches in India

• Clarifications required for ESOPs taxability in India

• Advocacy on transfer pricing issues such as mark-up relating to share-based payments made to Indian employees, secondary adjustments rationalisation, safe harbour rules etc

GST

• Continued advocacy with MOF and MOD to address tax issues concerning Maintenance, Repair, Overhaul industry in India

Customs

• Ongoing advocacy on

• Addressing issues in availing benefits under the Remission of Duties and Taxes on Exported Products scheme with Directorate General of Foreign Trade (DGFT)

• Pursuing exemption for specific sectors such as solar modules, pharmaceuticals, certain medical devices from the application of amendments to Manufacturing & Other Operations in Warehouse scheme 

• Custom duty rationalisation on select products including Cocoa

Others

• Forum to share issues and feedback regarding Special Economic Zone law with DPIIT, Ministry of Commerce basis inputs received from members

• Addressing issues in obtaining refunds under the erstwhile Service Exports from India Scheme

• USISPF whitepaper on multilateral framework for international tax cooperation

• USISPF report on trade facilitation measures for Authorised Economic Operators

• USISPF report tax regulatory framework around Online Gaming