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

GST at nine: A bold reform, still bridging the gap to true ease of doing business.

As GST enters its tenth year, the focus is shifting from implementation to evolution. In the latest episode of #GTBharat's PolicyCast, Devika Dixit, Executive Director, India Investment Advisory, Grant Thornton Bharat, reflects on GST's journey so far and explores what the next phase of reform could look like.

The discussion covers:

• How GST has evolved from a tax reform into a cornerstone of India's fiscal framework

• Why litigation, input tax credit disputes, and interpretational ambiguities continues to challenge businesses

• The growing impact of technology, data analytics, and real-time compliance on the taxpayer ecosystem

• What GST 3.0 should prioritise to deliver greater simplicity, policy certainty, and investor confidence

As India looks ahead to GST 3.0, tune in for expert insights on the reforms that could shape the next decade.

#PolicyCast #GST #TaxReforms #IndirectTax #EaseOfDoingBusiness #Podcast

What happens when consumers shape the narrative, founders become the face of the brand and virality stops being the ultimate goal?

As audiences move across platforms and attention becomes harder to earn, brands face a different challenge. Visibility alone is no longer enough. Relevance, credibility and meaningful engagement have become the true measures of success.

In Episode 3 of our 'Beyond the Screen' podcast series, Misha Bhandari, CEO and Co-founder, Tagged Communication, joins Ananay Jain, Partner and Media Industry Expert, Grant Thornton Bharat, for an engaging discussion on audience behaviour, founder-led content, AI and the forces reshaping brand communications.

Watch the full episode to explore what it takes to build relevance in a creator-led world.

Know how we support firms across the media and entertainment industry: ⁠https://brnw.ch/21wXAAD⁠

⁠#BeyondTheScreen⁠ ⁠#PublicRelations⁠ ⁠#BrandBuilding⁠ ⁠#Storytelling⁠ ⁠#MediaAndEntertainment⁠ ⁠#InfluencerMarketing⁠ ⁠#AVGC⁠

Could India's latest reforms transform foreign participation in its government securities market?

In the latest episode of #GTBharat's PolicyCast, Riaz Thingna, Partner, Tax, Grant Thornton Bharat, is joined by Amit Kedia, Chartered Accountant, Partner, Walker Chandiok & Co LLP, to discuss the recent tax and regulatory reforms aimed at enhancing foreign investor participation in India's government securities market.

The conversation covers:

• Tax exemption for foreign investors on income and gains from government securities

• Expansion of the Fully Accessible Route (FAR) framework

• Simplification of investment limits for foreign portfolio investors

• Measures impacting NRIs, OCIs and other overseas investors

• Implications for liquidity, borrowing costs and India's broader economic outlook

Tune in for insights on how these reforms could influence capital flows, market participation and the evolution of India's government securities market.

#PolicyCast #Tax #FinancialServices #CapitalMarkets #ForeignInvestment #GovernmentSecurities #DebtMarkets

A Supreme Court ruling on online gaming. But the implications could extend far beyond the gaming industry.

In the latest episode of #GTBharat's Policycast, we discuss the landmark Gameskraft judgment and its implications for GST, digital business models, and the future of taxation in India's digital economy.

Join Karan Kakkar, Partner, Tax Planning & Optimisation, Grant Thornton Bharat, as he explores:

• Why the Supreme Court upheld the constitutional validity of the 28% GST levy on online gaming

• How the ruling reshapes the debate around betting, gambling, and games of skill

• The significance of the Court's stance on the 2023 GST amendments

• What the judgment could mean for platform-based, technology-driven business models beyond gaming

As digital ecosystems become increasingly complex, this ruling offers important insights into how tax authorities and courts may approach emerging business models in the years ahead.

#Policycast #GST #OnlineGaming #TaxPolicy #DigitalEconomy #IndirectTax #Podcast

India’s startup ecosystem is entering a new phase of growth, where tax, regulatory and IPO-related considerations are becoming increasingly important to long-term success.

In this episode of #GTBharat’s PolicyCast, we invited Manish Khurana, Chartered Accountant, Partner, Walker Chandiok & Co LLP, on the developments shaping India’s digital growth companies, from reverse flipping and IPO readiness to startup tax incentives, angel tax legacy disputes and evolving controversies around acquired intangibles and customer acquisition spends.

The conversation explores:

• What is driving startups to reverse flip back to India

• Tax implications of IPO-focused restructuring

• Continuing legacy disputes linked to angel tax assessments

• Litigation trends around acquired intangibles and workforce valuation

• Increasing scrutiny of marketing and customer acquisition spends

Tune in for insights into the evolving tax and regulatory considerations shaping India’s startup and fintech ecosystem.

#FinTech #Startups #IPO #TaxPolicy #IndiaStartupEcosystem