Press Note 2 of 2026 clarifies beneficial ownership for LBC investments, aligns with PMLA, and introduces DPIIT reporting for ownership cases.

This article reviews the indirect tax proposals in Union Budget 2026–27, highlighting customs duty rationalisation, GST clarifications, and digital reforms. It explains how the measures aim to ease compliance, improve cash flows, and reduce litigation while strengthening India’s ease of doing business environment.

We are delighted to announce the launch of our Doing Business in India Guide. In addition to the key regulatory issues to keep in mind when entering India, we have also incorporated practical insights from over 35 years of successfully assisting foreign corporates enter India. We wish you the very best in your India business and look forward to hearing your thoughts on this guide.