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.