It’s good to see that the Indian government is pressing ahead with its general anti-avoidance rule, or General Anti-Avoidance Principle as I prefer to think of them.
It’s also good to note that:
NDTV has learnt that the framing of the general anti avoidance rule or GAAR will also force a review of select bilateral tax treaties.
In fact, specific treaties might even be covered under the general anti avoidance rules with the Indo-Mauritius treaty being on top of the list.
The Mauritius double tax treaty has been massively harmful to Indian tax revenues. If this helps kill it, that’s very good news for tax compliant Indians.