Tax and Tariff Committee Meeting
The first meeting of AMCHAM’s Tax and Tariff Committee was held on 18th July 2018 in the EY office in Guguram. Ms. Garima Pande, Chairperson of the Committee and Partner – Tax & Regulatory, EY, in her welcome observations said that GST will continue to be a subject of discussion for this Committee along with new direct tax code and global tax reforms.
During the meeting, three presentations were made as follows: ‘Regulatory Updates – FEMA & SEZ’ by Mr. Rajiv Chugh, Partner & Regulatory Practice Leader – India, Ernst & Young LLP, ‘Impact of BEPS AP 5, 6 & 7 post signing of ML1’ by Mr. Prashant Khatore, Partner, EY and ‘Goods and Services Tax – AMCHAM Survey Findings & Latest GST Developments’ by Mr. Kunal Chaudhary, Partner, EY.
Mr. Sandeep Chaufla, Co-Chairman of the Committee, and Partner – Corporate & International Tax, PricewaterhouseCoopers Pvt. Ltd., in his closing remarks, said that the GST journey has been great, things were shaping up well although there was a long way to go.