Hope you enjoyed our second edition of Communiqué – Your TP Tabloid!   As the winters start to set and the festive season begins, we in India, head into another compliance cycle.  This year the compliance cycle would be lengthier and extensive as there are two additions to the bucket list – Master File (MF) compliance by November 30 and GST Audit by December 31. Last month witnessed  some  interesting  developments  with  Central  Board  of  Direct  Taxes  (CBDT)  issuing  Scrutiny  Guidelines Financial Year (FY) 2018-19 and also releasing Second Annual Report on Advance Pricing Agreement (APA).  Even  ICAI  on  its  part  issued  Guidance  on  the  Amended  Tax  Audit  Report,  for  the  benefits  of  all  the stakeholders. On Indian litigation front, we witnessed continued and determined efforts of Indian Courts to  clear  past  litigations.  Globally  Organisation  for  Economic  Co-operation  and  Development  (OECD) released guidance on four more issues relevant for Country-by-Country Reports (CbCR) implementation and also published transfer pricing country profiles  (TPCP) for  many new  entrants.   We hope that our publications are beneficial and help you in understanding the potential impact of the changes with respect to your business in India. We look forward to receive your contributions/ suggestions at query@localhost, as through a mutually inclusive process we wish to make this series your sounding board for decision on TP going forward. Separately, if you would like to discuss any of the items in this issue in greater detail or general TP matters, please do let us know. Happy Reading!   We are pleased to attach herewith the third issue of Communique- Your Transfer Pricing Tabloid- Issue 3”.   Hope you will find it useful and informative.Communique- Your Transfer Pricing Tabloid- Issue 3