The Finance Minister of India presented the Union Budget on February 1, 2023. The main focus of the budget (also referred to as the “Amrit Kaal Budget”) is on widening economic growth, boosting key areas like the start-up ecosystem, infrastructure, manufacturing (Make in India) and creating jobs.
The Budget made several fundamental tax changes impacting digital companies. Read the highlights below:
Who should be prepared?
- Digital Platforms and Marketplaces (especially foreign E-commerce Operators)
- Online gaming companies
Source Fonoa
Latest Posts in "India"
- GST on Mining Lease Royalty: Classification, Applicable Rate, and Reverse Charge Mechanism Clarified
- CESTAT: Software Preloaded in Imported Hardware Includible in Customs Value, No Penalty on Wipro
- GST Compliance for Foreign Currency Invoicing: Key Requirements for Indian Exporters
- US Formally Lifts Russia-Linked 25% Tariff on Indian Imports, Confirms 18% Reciprocal Rate
- Fake GST Invoice Scams Persist Despite Crackdown: Shell Firms, Circular Trading Fuel Tax Evasion
