The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past month, in around 5 minutes.

What’s new

· Government extends Foreign Trade Policy 2015-20 to 30 September 2021

· Finance Act 2021 enacted

· Group turnover threshold for applicability of country-by-country report eased