When businesses comply but suppliers default, who bears the burden under GST?

Input Tax Credit (ITC) disputes arising from supplier defaults have been a long-standing challenge under the GST framework. Proposed reforms could bring greater clarity and relief for bona fide taxpayers.

In the latest episode of #GTBharat's PolicyCast, Manoj Mishra, Partner and Tax Controversy Management Leader, Grant Thornton Bharat, discusses the changing ITC framework and the potential implications of these developments.

Key areas covered:

• Impact of supplier defaults on ITC eligibility

• Balancing revenue protection with taxpayer certainty

• Implications for disputes, working capital and compliance

Tune in to understand what businesses should watch as GST regulations continue to take shape.

#PolicyCast #GST #InputTaxCredit #IndirectTax #TaxReforms

As financial reporting evolves, so do investor expectations. Is your communication strategy keeping pace?

In the latest episode of #GTBharat's PolicyCast, Meenakshi Sharma, Partner, CFO Advisory, Grant Thornton Bharat, explores how Ind AS 118 is reshaping investor communication beyond financial statement presentation.

The conversation covers:

• How Ind AS 118 could redefine investor messaging and performance narratives

• The implications of enhanced disclosure requirements for management-defined performance measures (MPMs)

• Why closer collaboration between finance and investor relations teams is essential for consistent, credible communication

• Practical considerations for navigating the transition while strengthening investor confidence and market positioning

Tune in for expert insights on preparing for Ind AS 118 and communicating financial performance with greater clarity, consistency and credibility.

#PolicyCast #IndAS118 #FinancialReporting #InvestorRelations #CorporateReporting #CapitalMarkets

When global talent moves across borders, tax complexities often follow.

In the latest episode of #GTBharat’s PolicyCast, Richa Sawhney, Partner, Tax, Grant Thornton Bharat, is joined by Sujay Paul, Chartered Accountant, Partner, Walker Chandiok & Co LLP, to examine the recent Delhi High Court ruling on cross-border secondments and what it means for multinational businesses.

Key discussion points include:

• Why determining the actual employer is central to the tax treatment of secondment arrangements

• Whether salary cost reimbursements can be regarded as mere reimbursements or taxed as fees for technical included services (FIS)

• How this determination impacts withholding tax obligations for Indian entities

• The implications on permanent establishment (PE) exposure and transfer pricing and

• Practical considerations for MNCs when structuring cross-border secondments

Tune in for expert insights into one of the most debated issue in international tax.

#PolicyCast #Tax #InternationalTax #Secondment #TransferPricing #PermanentEstablishment #DelhiHighCourt #MNCs