close

Newsroom

C.R. Sharedalal & Co. publishes white paper discussing the impact of COVID-19 pandemic on the Indian economy and specifically GST implications

25th May 2020

MGI World Screenshot of CR Sharedalal white paper on COVID-19 pandemic and its GST implications

C.R. Sharedalal & Co., India-based member firm within the MGI Worldwide with CPAAI accounting network and association, has published a white paper discussing the impact of the COVID-19 pandemic on the Indian economy and provides some guidance on ways to review its potential implications on GST.

India is considered by many experts to be one of the few countries that may not experience negative growth in 2020 and may resume its growth trajectory by 2021. In this respect, and in view of the constantly evolving pandemic situation, CR Sharedalal & Co. consider that businesses need to look at the GST implications of COVID-19 with a sense of dynamism and take the appropriate measures to strengthen and protect their organisation.

A detailed analysis of the potential impact of COVID-19 on Indian firms’ GST positions can be found within this report.

Download the full paper HERE.

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.

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 Crop of Global VAT group white paper cover

MGI Worldwide with CPAAI's Global VAT Specialist Group reports on the Reduction of German VAT from 1 July 2020

25th June 2020

The reduction of the German value added tax (sales tax) from 19% to 16% and from 7% to 5% sounds...

MGI World Red map of China with text a and logos

More interaction amongst MGI Worldwide with CPAAI firms and members of Mackrell International (MI) amidst Coronavirus lockdown

29th May 2020

After the successful call between MGI Worldwide, CPAAI & MI members in India, Audrey Danasamy,...

MGI World India map with logos overlaid on grey background

MGI Worldwide with CPAAI India-based firms hold virtual meeting with colleagues from sister law network, Mackrell International

22nd April 2020

As members around the world adapt to the new reality of working from home and dealing with the...