{"id":35937,"date":"2022-03-08T17:09:19","date_gmt":"2022-03-08T11:39:19","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=35937"},"modified":"2024-06-01T16:17:37","modified_gmt":"2024-06-01T10:47:37","slug":"how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/","title":{"rendered":"How will &#8216;Russia&#8217;s Invasion of Ukraine&#8217; Impact India&#8217;s Taxes and Trade?"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-35939 size-full\" title=\"How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png\" alt=\"How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png 1200w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1-300x158.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1-1024x538.png 1024w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1-615x323.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1-400x210.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1-292x153.png 292w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The conflict between Russia and Ukraine is predicted to have a substantial impact on India&#8217;s economy and trade. The impact will also jeopardise efforts to restore domestic trade from the COVID-19 pandemic, according to <\/span><span style=\"font-weight: 400;\">the Confederation of All India Traders (CAIT)<\/span><span style=\"font-weight: 400;\">. Russia being major <\/span><span style=\"font-weight: 400;\">trade<\/span><span style=\"font-weight: 400;\"> partner of India, The pharmaceuticals, organic chemicals, auto components, and electronics are among India&#8217;s main exports to Russia. Apart from supplying crude oil, fertilisers, precious stones and metals, Russia is India&#8217;s largest armaments supplier in terms of imports. Let us take a close look at how the ongoing conflict between Russia and Ukraine would affect the Indian economy.<\/span><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\">\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Table of Content<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#How\"><span style=\"font-weight: 400;\">How did the Conflict arise between Russia and Ukraine?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#this\"><span style=\"font-weight: 400;\">How this conflict affecting the Import and Exports of the Indian economy?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#The\"><span style=\"font-weight: 400;\">The impact of Taxation<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Rates\"><span style=\"font-weight: 400;\">Rates of Differential Taxation<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Impact\"><span style=\"font-weight: 400;\">Impact on Corporate Entities<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Final\"><span style=\"font-weight: 400;\">Final words<\/span><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"How\" style=\"text-align: justify;\"><b>How did the Conflict arise between Russia and Ukraine?<\/b><\/h2>\n<p id=\" this\" style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Ukraine is a democratic country with a population of 44 million people and a history spanning over 1000 years. It is Europe&#8217;s second-largest country after Russia in terms of land area. Because Ukraine is regarded as a gateway to Europe and shares a common border with Russia, its physical location is critical. Following the disintegration of the Soviet Union, Ukraine decisively opted for independence from Russia and expressed a desire to join NATO, a defensive military alliance of 30 European countries. Following the overthrow of a pro-Russian administration in Ukraine in 2014, Russian President Vladimir Putin wanted assurances from Western countries, as well as Ukraine, that the country would not join NATO.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>How this conflict affecting Import and Exports of the Indian economy?<\/b><\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India is the world&#8217;s third-largest oil importer, relying on foreign countries for more than 80% of its crude oil needs. Brent, the global benchmark for crude oil prices, hit $105 per barrel. This might increase India&#8217;s oil import bill, putting the country&#8217;s external position at risk.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increased oil prices exacerbate inflation in India, expand the current account deficit, and put pressure on the currency.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India&#8217;s exports to Ukraine totalled $510 million, with pharmaceutical products accounting for 32% of that total.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0Telecom instruments, iron and steel, agrochemicals, and coffee are among the other items exported.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Last year, India bought $2.6 billion worth of commodities from Ukraine, including $1.85 billion worth of vegetable oils, mostly sunflower oil. Ukraine is responsible for 70% of India&#8217;s sunflower oil imports.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Because India imports over 60% of its edible oil, and sunflower oil accounts for 14% of India&#8217;s edible oil imports, any supply disruption will hike the price of sunflower oil.<\/span><\/li>\n<\/ul>\n<p id=\"The\" style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This is the fundamental reason why all pharmacy and cooking\/sunflower oil stocks have fallen to new depths, and the benchmark BSE and Nifty indexes have taken a dive.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>The impact of taxation<\/b><\/h2>\n<p id=\"Rates\" style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As we all know, the military war between Russia and Ukraine could have an impact on the country&#8217;s trade in the region, affecting consignment transportation, payments, and oil prices. Similarly, India would be affected, since goods transportation will become more difficult. Oil prices will be pushed up by a war-like situation, and India&#8217;s oil import payments will be crippled. This war-like situation may have <\/span><span style=\"font-weight: 400;\">tax implications<\/span><span style=\"font-weight: 400;\">, particularly for Ukrainian and Indian expats working in India, as well as Indian pharmaceutical companies such as Ranbaxy, Dr Reddy&#8217;s Laboratories, and Sun Group, which have permanent establishments\/business interests in Ukraine, and Ukrainian leading sunflower manufacturing companies such as Kernel, which have <\/span><span style=\"font-weight: 400;\">business interests<\/span><span style=\"font-weight: 400;\"> in India.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Rates of Differential Taxation<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Individual expatriates stranded in a country other than their own country in these war-like circumstances may feel the impact of the disparities in <\/span><span style=\"font-weight: 400;\">tax rates<\/span><span style=\"font-weight: 400;\"> in both countries. The number of days that <\/span><span style=\"font-weight: 400;\">taxpayers<\/span><span style=\"font-weight: 400;\"> spend physically in a country determines their residence status for tax purposes. Both India and Ukraine have a threshold limit of 182 days for determining tax resident status based on the number of days of stay.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Non-corporate taxpayers, such as individuals, pay a flat 15% tax rate in Ukraine, which applies to both residents and non-residents. Ukraine has a flat 18 percent corporation tax rate.<\/span><\/p>\n<p id=\"Impact\" style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Individuals and HUFs in India can benefit from reduced personal tax rates based on their slabs, which range from 5% to 30%, under section 115BAC, if they forego certain specified deductions.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Impact on Corporate Entities<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The slowing of global commerce as a result of China&#8217;s economic difficulties, as well as a probable dramatic decrease in growth in the US and Europe due to stagflation, may harm Indian business earnings. The confrontation between Russia and Ukraine will exacerbate the tendency. In Contrast with differential tax rates The Corporate companies can qualify for a reduced corporate tax rate of 22% under<a href=\"https:\/\/www.incometaxindia.gov.in\/_layouts\/15\/dit\/mobile\/viewer.aspx?path=https:\/\/www.incometaxindia.gov.in\/acts\/income-tax%20act,%201961\/2020\/102120000000075676.htm\" target=\"_blank\" rel=\"noopener\"> section 115BAA<\/a> if they waive certain deductions, exemptions, and credits. The existence of a surcharge converts this rate to a 25.17 percent effective <\/span><span style=\"font-weight: 400;\">corporate tax rate<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The India-Ukraine DTAA allows corporate companies to establish a Service Permanent Establishment (PE) based on the physical presence of key managerial employees for more than six months in a nation other than their home country where business interests exist.<\/span><\/p>\n<p id=\"Final\" style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Due to the disparities in corporate tax rates between the two nations, the forced stay of stranded expatriates from either country may result in the formation of Service PEs, requiring the appropriation of profits to this PEs and thereby modifying their tax responsibilities.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Final Words<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">India has taken a neutral stance in the Russia-Ukraine conflict and has urged both countries to use prudence. However, it is obvious that this will have a negative influence on India&#8217;s economy. This is due to the fact that India has trading ties with both countries. After the <a href=\"https:\/\/www.cagmc.com\/covid-19-impact-on-business\/\">Covid-19<\/a> outbreak, the Indian economy is poised to take another hit if the geopolitical scenario worsens.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The conflict between Russia and Ukraine is predicted to have a substantial impact on India&#8217;s economy and trade. The impact [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":35939,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How will Russia&#039;s Invasion of Ukraine Impact India&#039;s Taxes and Trade?<\/title>\n<meta name=\"description\" content=\"Read about How will Russia&#039;s Invasion of Ukraine Impact India&#039;s Taxes and Trade?. Impact of taxation, Rates of Differential Taxation, etc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How will Russia&#039;s Invasion of Ukraine Impact India&#039;s Taxes and Trade?\" \/>\n<meta property=\"og:description\" content=\"Read about How will Russia&#039;s Invasion of Ukraine Impact India&#039;s Taxes and Trade?. Impact of taxation, Rates of Differential Taxation, etc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/\" \/>\n<meta property=\"og:site_name\" content=\"Goyal Mangal &amp; Company\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goyalmangal\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-08T11:39:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-01T10:47:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA Rohit Goyal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CA Rohit Goyal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/\"},\"author\":{\"name\":\"CA Rohit Goyal\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/5f02def6f9f1b0c01a0b98f175455e46\"},\"headline\":\"How will &#8216;Russia&#8217;s Invasion of Ukraine&#8217; Impact India&#8217;s Taxes and Trade?\",\"datePublished\":\"2022-03-08T11:39:19+00:00\",\"dateModified\":\"2024-06-01T10:47:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/\"},\"wordCount\":958,\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png\",\"articleSection\":[\"Miscellaneous\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/\",\"url\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/\",\"name\":\"How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png\",\"datePublished\":\"2022-03-08T11:39:19+00:00\",\"dateModified\":\"2024-06-01T10:47:37+00:00\",\"description\":\"Read about How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?. Impact of taxation, Rates of Differential Taxation, etc.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#primaryimage\",\"url\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png\",\"width\":1200,\"height\":630,\"caption\":\"How will 'Russia's Invasion of Ukraine' Impact India's Taxes and Trade\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cagmc.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How will &#8216;Russia&#8217;s Invasion of Ukraine&#8217; Impact India&#8217;s Taxes and Trade?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"name\":\"Goyal Mangal &amp; Company\",\"description\":\"Best CA Firm in Jaipur\",\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\",\"name\":\"Goyal Mangal & Company\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"width\":673,\"height\":145,\"caption\":\"Goyal Mangal & Company\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/goyalmangal\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/5f02def6f9f1b0c01a0b98f175455e46\",\"name\":\"CA Rohit Goyal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d79e3f7ca50abbe876a91e43f2b7ac00?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d79e3f7ca50abbe876a91e43f2b7ac00?s=96&d=mm&r=g\",\"caption\":\"CA Rohit Goyal\"},\"description\":\"CA Rohit Goyal has experience in multiple spheres including general functions in the field of Auditing, Accounting, and handling Scrutiny Assessments, Taxation Matters along with the specialized functions including Finance, Banking and also handles the field of Stock Audit, Internal Audit and other Various Assignments of Banks.\",\"url\":\"https:\/\/www.cagmc.com\/blog\/author\/rohitgoyal\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?","description":"Read about How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?. Impact of taxation, Rates of Differential Taxation, etc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/","og_locale":"en_US","og_type":"article","og_title":"How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?","og_description":"Read about How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?. Impact of taxation, Rates of Differential Taxation, etc.","og_url":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/","og_site_name":"Goyal Mangal &amp; Company","article_publisher":"https:\/\/www.facebook.com\/goyalmangal","article_published_time":"2022-03-08T11:39:19+00:00","article_modified_time":"2024-06-01T10:47:37+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png","type":"image\/png"}],"author":"CA Rohit Goyal","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CA Rohit Goyal","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#article","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/"},"author":{"name":"CA Rohit Goyal","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/5f02def6f9f1b0c01a0b98f175455e46"},"headline":"How will &#8216;Russia&#8217;s Invasion of Ukraine&#8217; Impact India&#8217;s Taxes and Trade?","datePublished":"2022-03-08T11:39:19+00:00","dateModified":"2024-06-01T10:47:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/"},"wordCount":958,"publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png","articleSection":["Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/","url":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/","name":"How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#primaryimage"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png","datePublished":"2022-03-08T11:39:19+00:00","dateModified":"2024-06-01T10:47:37+00:00","description":"Read about How will Russia's Invasion of Ukraine Impact India's Taxes and Trade?. Impact of taxation, Rates of Differential Taxation, etc.","breadcrumb":{"@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#primaryimage","url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png","contentUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/03\/How-will-Russias-Invasion-of-Ukraine-Impact-Indias-Taxes-and-Trade-1.png","width":1200,"height":630,"caption":"How will 'Russia's Invasion of Ukraine' Impact India's Taxes and Trade"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cagmc.com\/blog\/how-will-russias-invasion-of-ukraine-impact-indias-taxes-and-trade\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cagmc.com\/blog\/"},{"@type":"ListItem","position":2,"name":"How will &#8216;Russia&#8217;s Invasion of Ukraine&#8217; Impact India&#8217;s Taxes and Trade?"}]},{"@type":"WebSite","@id":"https:\/\/www.cagmc.com\/blog\/#website","url":"https:\/\/www.cagmc.com\/blog\/","name":"Goyal Mangal &amp; Company","description":"Best CA Firm in Jaipur","publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cagmc.com\/blog\/#organization","name":"Goyal Mangal & Company","url":"https:\/\/www.cagmc.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","contentUrl":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","width":673,"height":145,"caption":"Goyal Mangal & Company"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/goyalmangal"]},{"@type":"Person","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/5f02def6f9f1b0c01a0b98f175455e46","name":"CA Rohit Goyal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d79e3f7ca50abbe876a91e43f2b7ac00?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d79e3f7ca50abbe876a91e43f2b7ac00?s=96&d=mm&r=g","caption":"CA Rohit Goyal"},"description":"CA Rohit Goyal has experience in multiple spheres including general functions in the field of Auditing, Accounting, and handling Scrutiny Assessments, Taxation Matters along with the specialized functions including Finance, Banking and also handles the field of Stock Audit, Internal Audit and other Various Assignments of Banks.","url":"https:\/\/www.cagmc.com\/blog\/author\/rohitgoyal\/"}]}},"_links":{"self":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/35937"}],"collection":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/comments?post=35937"}],"version-history":[{"count":8,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/35937\/revisions"}],"predecessor-version":[{"id":51693,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/35937\/revisions\/51693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media\/35939"}],"wp:attachment":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media?parent=35937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/categories?post=35937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/tags?post=35937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}