Indian arms of US MNCs will not have to file country by country or CbC report here. India has finalized bilateral competent authority arrangement for exchange of CbC reports with US. These companies would have had to file these here with Indian revenue authorities by March 31, 2019 in absence of such an agreement. Nitin Narang, Partner- Transfer Pricing shares his views on aforementioned story for following publications: Economic Times- Standalone story Financial Express- Standalone story   MNCs now won't have to file CbC report in India