9 hrs ago
India Seeks Simpler GST, Customs Rules to Attract Tech Investment
Indian tax officials met with tax leaders from Silicon Valley companies.
They talked about making GST and customs rules simpler.
GST is a tax on goods and services, while customs rules affect goods brought into a country.
The visiting group represents people who handle taxes and finances for more than 100 US technology companies.
Representatives from Amazon, Accenture, Google, Cisco and Lam Research were included.
The companies say simpler processes could make it easier to plan business and investment in India.
India hopes to attract more investment from technology and manufacturing companies.
Officials did not announce any specific changes to the rules.
CBIC chairman Vivek Chaturvedi met a delegation of Silicon Valley tax executives on Tuesday.
The delegation was led by Shefali Goradia, who chairs Deloitte South Asia and the Silicon Valley Tax Directors Group.
The group represents tax directors and finance executives from more than 100 US technology companies.
Talks focused on simplifying GST and customs policies to improve ease of doing business and encourage investment.
CBIC announced no specific policy changes agreed at the meeting.
- Who
- CBIC chairman Vivek Chaturvedi and a Silicon Valley Tax Directors Group delegation led by Shefali Goradia.
- What
- They discussed simplifying India's GST and customs policies.
- Where
- India; the article does not specify the meeting location.
- When
- Tuesday; no calendar date was provided.
- Why
- To improve ease of doing business and help attract more investment from Silicon Valley companies.
Key facts
- Government agency
- Central Board of Indirect Taxes and Customs (CBIC)
- CBIC chairman
- Vivek Chaturvedi
- Delegation leader
- Shefali Goradia, chairperson of Deloitte South Asia and the Silicon Valley Tax Directors Group
- Group represented
- Tax directors and finance executives from more than 100 US technology companies
- Companies named
- Amazon, Accenture, Google, Cisco and Lam Research
- Main discussion
- Simplifying GST and customs policies
- Policy outcome
- CBIC did not disclose any specific policy changes agreed at the meeting.
Sources
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