India’s Union Budget 2023-24 presented to parliament on 1 February 2023 includes a proposal to significantly broaden the definition of “online information and database access retrieval (OIDAR) services” (OIDAR services) and the definition of a non-taxable online recipient (NTOR). If enacted, the proposed changes will affect foreign companies providing OIDAR services to persons in India and that currently are not registered under India’s Goods and Services Tax (GST) law.
Source BDO
Latest Posts in "India"
- Supreme Court to Decide if Industrial Felt is ‘Fabric’ or ‘Machinery Part’ for VAT Purposes
- Supreme Court Rules: “Parts” Must Functionally Integrate into Machinery, Rejecting End-Use Claims
- Centre to Consider Panel’s GST Recommendations on Air Purifiers, Tells Delhi High Court
- Sunglasses Not Classified as Spectacles, Taxable at Higher 12.5% VAT: Punjab & Haryana HC
- BMW Urges No GST Hike on EVs as Electric Car Sales Surge Over 200% in 2025
