India’s Union Budget 2023-24 presented to parliament on 1 February 2023 includes a proposal to significantly broaden the definition of “online information and database access retrieval (OIDAR) services” (OIDAR services) and the definition of a non-taxable online recipient (NTOR). If enacted, the proposed changes will affect foreign companies providing OIDAR services to persons in India and that currently are not registered under India’s Goods and Services Tax (GST) law.
Source BDO
