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ARTICLE · 07 OCTOBER 2020

Indirect Tax E-Bulletin – August 2020

Khaitan & Co.
Khaitan & Co.
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As the COVID-19 pandemic continues to rage on, the country has climbed to a No. 2 spot among the list of nations worst hit by the infection. The predictions for the economy are grim, with experts forecasting at least a period of two years for the economy to recover.

IndiaTax
Rashmi Deshpande
Rashmi Deshpande
Ayush Mehrotra
Ayush Mehrotra
Anjali Krishnan
Anjali Krishnan
Abhishek Naik
Abhishek Naik
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MAY YOU LIVE IN INTERESTING TIMES!

Welcome to the fourth edition of the quarterly E-Bulletin brought to you by Khaitan & Co.

As the COVID-19 pandemic continues to rage on, the country has climbed to a No. 2 spot among the list of nations worst hit by the infection. The predictions for the economy are grim, with experts forecasting at least a period of two years for the economy to recover.

While the growth, in general, has dipped, there are few sectors that have seen a rise in revenue. For instance, due to the lockdown, the e-commerce industry has seen a surge in demand as more and more people turned to online shopping. Edu-tech enabled online teaching has seen a rise in business with many pioneers in the sector receiving investments from international funds. Retail sector has also seen a comfortable demand but the few sectors that are still showing profits may not be enough to propel the economy on a growth path.

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