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Thought leadership:

General Anti-Avoidance Rules (GAAR) - A Pivotal Dimension

14 August 2019

In an attempt to curb tax evasion and avoid tax leaks, the government introduced GAAR (General Anti-Avoidance Rules) with effect from 01 April 2017. GAAR has been perceived as a tool to curb the menace of tax evasions, check aggressive tax planning especially transaction or business arrangements which have been entered into with the objective of avoiding tax. The invocation of GAAR in India, has resulted in businesses having to revisit and revalidate their transactions under this dynamic environment.

In this regard, BDO in India is pleased to present our publication “GAAR – A Pivotal Dimension”, which encompasses various facets of GAAR and its provisions. The publication also highlights potential issues that tax payers could face and the kind of transactions which are likely to be impacted by the provisions under this new law.

Over the years many countries across the globe have taken their first steps in the enactment of GAAR and have developed & implemented jurisprudence on it. To provide a wider perspective on this dynamic subject we have included comments from BDO offices across six different jurisdictions.

We hope that you find this publication insightful.