The first meeting of AMCHAM’s Tax, Tariff and Regulatory Affairs Committee for the year 2016-17 under the chairmanship of Mr. Vikas Vasal, Partner, KPMG, was held on 5th May 2016 at the office of KPMG, Gurgaon. Ms. Neeru Ahuja, Co-Chairperson, and Partner – Global Business Tax, Deloitte Haskins & Sells; and Mr. Indraneel R Chaudhury, immediate Past Chairman, and Partner and Leader, Tax Services – South India, PwC were also present.
The committee, inter alia, discussed equalization levy; penalty provisions as proposed in the Finance Bill 2016; representations made to the government in relation to Union Budget 2016; CBDT circular on clarification regarding AOP in EPC contracts and turnkey projects; and other issues.
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