| | | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| TOP STORIES THIS WEEK: | | India Mandates Audit Trail Compliance for All Companies: Understanding the Obligations | | Audit trail is a mandatory compliance requirement in India for all companies registered under the Companies Act, 2013, effective from April 1, 2023 (FY24). We discuss the use of audit trail in accounting software and obligations for companies, senior and authorized personnel, and auditors. | | | | New GST Amnesty Scheme from November 1, 2024: Key Details | | India’s new GST amnesty scheme, effective from November 1, 2024, waives interest and penalties for non-fraudulent GST demands from 2017-18 to 2019-20. According to industry leaders, the scheme offers significant relief for eligible taxpayers. Tax must still be paid, with payments due by March 31, 2025, and waiver applications submitted online by June 30, 2025. | | | | The US 2024 Presidential Election and Potential Impact on India | | The 2024 US presidential election, featuring Vice President Kamala Harris and former President Donald Trump as the contesting Democrat Party and Republican Party candidates, respectively, is poised to impact India-US economy and trade relations, defense cooperation, strategic ties, and climate initiatives, depending on the outcome. | | | | Indian Mobility Platform Ola Comes Under Regulatory Spotlight: Lessons for Foreign Investors | | To avoid regulatory intervention and damage to reputation, foreign companies operating in the Indian market should adhere to several best practices, including thoroughly familiarizing oneself with the Consumer Protection Act, 2019, and staying updated on any amendments or new rules to ensure compliance. Clear and transparent communication is also key. | | | | Ratan Tata: Architect of the Tata Group’s Global Empire | | We reflect on the remarkable legacy of Ratan Tata, highlighting how this visionary leader transformed numerous industries and elevated India’s domestic and global business potential to unparalleled heights. |
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| COMPLIMENTARY BUSINESS RESOURCES: | | | | | | A Guide to Hiring in Indonesia | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. | | | | Optimizing Returns: Strategies for Success in India's Service Sector | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. | | | | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. |
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