close

Newsroom

Doing business in Asia? If so, don’t miss MGI Worldwide’s latest white paper from member firm C.R. Sharedalal & Co. covering new regulations for taxes to be collected on the sale of goods in India

7th August 2020

MGI World Crop of front cover of CR Sharedalal white paper on tax changes in India

The Indian Central Board of Direct Taxes has recently brought about changes in the Tax Collection at Source [TCS] provisions, with effect from 1 October 2020, through the 2020 Budget i.e. Finance Act 2020.

These changes shall affect a wide range of businesses across various industries. Hitherto, TCS was applicable only to a few select industries but the new changes are slated to affect a wide range of entities selling a variety of goods.

In this white paper C.R. Sharedalal & Co. explains the new changes and hope that it will answer most of your questions regarding the new levy. Read more to find out whether the new changes are applicable to your business or not.

Download the full paper HERE

For more information on India’s new Tax Collection at Source as well as other investment incentives and opportunities for doing business in India, please contact Anuj Sharedalal at ajs@crsharedalalco.com, MGI Worldwide’s Tax Expert at C.R. Sharedalal & Co. in Gujarat, India.


About C.R. Sharedalal & Co.

Established in 1953, C.R. Sharedalal & Co. firm provides specialised services in the areas of Direct Tax, Audit and Assurance, Indirect Tax, and Financial Advisory, serving a diverse range of clients in industries as well as services sectors. Their clientele encompasses various segments of the market i.e. software, education, chemicals, NGOs, Government bodies, outsourcing services, engineering, pharmaceuticals, health & medical services, restaurant chains, hotel chains, power & mining, gems & jewellery, real estate and a host of others.

For further information about the firm please contact Anuj Sharedalal at ajs@crsharedalalco.com or visit the firm profile page or website.

MGI Asia is part of MGI Worldwide with CPAAI, a top 20 ranked global accounting network and association with over 10,000 independent auditors, accountants and tax experts in some 460 locations in almost 100 countries around the world.

Read more on Member white papers and Asia

MGI World Blue abstract line graphic with Global IFRS Specialist Group text

Global IFRS Group reports on the Treatment of financial assets that are debt instruments under IFRS 9 ‘Financial Instruments'

16th April 2021

In this, the latest white paper from our Global IFRS Group, Jane Lowden from F.W. Smith, Riches...

MGI World HK Budget 518X362

Do you have clients with interests in Hong Kong? Read a quick summary of what the recent Hong Kong 2021/22 Budget means for your client's business

8th March 2021

Mr. Paul Chan, Financial Secretary for the Hong Kong Special Administrative Region (HKSAR),...

MGI World New guide for Doing Business in India

Do you have clients with business in India? Keep them up-to-date with the NEW 2021 Guide for Doing Business in India

23rd February 2021

Looking to do business in India? MGI Asia member firm C.R. Sharedalal & Co., based in Gujarat,...