With substantial expectations riding on the second full Union Budget to be introduced by the NDA Government, we invite you to an interactive session with our knowledge partner BMR & Associates LLP, on the Union Budget 2016-17 and its implications on the IT/ ITeS sector in India.

The IT/ ITeS sector has been facing multiple challenges for the years, some of which, continue to be unresolved. These challenges range are being faced on various levels; eg:

MAT on SEZ units

• Clarity on the APA rollback provisions and safe harbour rules,
• Thresholds for taxing indirect transfers
• Continued lock in for service tax refunds
• Input credit restrictions and continued disputes
• Incentives under the Foreign Trade Policy & exiting STP unit status
• A quantum shift in the tax model & compliance obligations under GST

The sector is currently grappling with the right outlook to deal with such direct and indirect tax related matters which need a deeper level of support.  Given this, the industry as a whole has built up expectations from this Government to provide relief with the overall objective of improving the ease of doing business and bring a higher degree of certainty to tax matters.

To gain a better understanding of the key aspects of the Direct tax and Indirect tax proposals and how it effects the IT/ ITeS sector, we look forward to your active participation.