Union Budget 2016-17 Implications on IT/ITeS industry
Union Budget 2016-17 Implications on IT/ITeS industry
With substantial expectations riding on the second 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 include
- 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
In this backdrop, the industry has built up certain expectations from this Government to provide relief with the overall objective of improving ease of doing business and bring a higher degree of certainty to tax matters.
The session is aimed to provide key insights, identify key areas of impact, as well as provide a platform to our members to voice concerns and suggestions, if any, on the impact of the budget proposals to take back to the Government.
We look forward to your valuable presence.
Time: 03:30 pm - 06:30 pm
Hotel Leela Palace, HAL Airport Road Bangalore,India