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 Global IFRS white paper Sep 2020 518x362.jpg

MGI Worldwide with CPAAI's Global IFRS Specialist Group gives a brief overview on Covid 19, Lease Accounting and Rent Concessions

7th September 2020

In May 2020, the International Accounting Standards Board (IASB) issued Covid-19-Related Rent...

MGI World Cropped screen shot of Amit Chopra's success story

Members establish new international business connections in the face of the COVID-19 pandemic with the help of MGI Worldwide with CPAAI

11th August 2020

Establishing new international business connections during this year's pandemic has been...

MGI World Screenshot of Khan Wahab Shafique Rahman & Co. July 2020 success story

Bangladesh-based member firm Khan Wahab Shafique Rahman & Co. shares some of the tangible benefits of being a member of MGI Worldwide with CPAAI

6th August 2020

Since joining the network in 2014, KWSR has seen a noted growth in their turnover. Membership of...