Tax Law and International Tax Law

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Tax law and international tax law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital gains tax, corporate tax, income tax, inheritance tax, national insurance, property taxes, sales taxes, VAT, GST, tax authorities, transfer pricing and withholding tax.
Article
Taxability Of Corporate Guarantees Under GST Laws: Analysis Of The Recent Gujarat High Court Decision In Torrent Power Ltd. v Union Of India
The issue of taxability of corporate guarantees issued by a holding company to a financial institution for the benefit of its subsidiary company emerged as one of the most contentious issues in the Goods and Services Tax (GST) regime pursuant to the introduction of the levy in 2023. The controversy centers on a fundamental question: when a holding company furnishes a corporate guarantee, without charging any fee from its subsidiary company, to a bank to enable its subsidiary to secure credit facilities, does such activity constitute a taxable “supply of services” under the Central Goods and Services Tax Act, 2017 (CGST Act)?
India Tax
KC
Khaitan & Co LLP
Article
Cenvat Credit Available On Furnace Oil Used For Exempt Intermediate Goods Which Is Stock Transferred To Another Unit And Used In Final Dutiable Goods
The Madras High Court has ruled on a significant Cenvat credit dispute involving the interpretation of 'within the factory of production' when intermediate products are stock-transferred between units of the same company. The decision addresses whether input credit on furnace oil used in manufacturing an exempt intermediate product can be claimed when that product is transferred to another unit for final dutiable goods production.
India Tax
LS
Lakshmikumaran & Sridharan
Article
Pre-deposit In Cases Involving Only Penalty – Amendment In Section 107(6) w.e.f. 1 October 2025, Requiring Pre-deposit, Is Not Applicable Where SCN Was Issued Earlier
The Delhi High Court has ruled on a critical procedural question regarding the applicability of the 10% pre-deposit requirement for GST penalty appeals. The case examines whether amendments to Section 107(6) of the GST Act apply retrospectively to show cause notices issued before October 1, 2025, and explores the principles of vested appellate rights in tax proceedings.
India Tax
LS
Lakshmikumaran & Sridharan
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Article
Important Tax Considerations For Foreign Law Firms Rendering Services In India
India is a key destination for cross-border investments, acquisitions and commercial transactions. In this regard, several foreign law firms partner or collaborate with Indian law firms and financial advisors or act independently to advise Indian clients and multinational groups on transactions, arbitrations and various matters requiring foreign law inputs. Such collaborations have resulted in an increased frequency of foreign law firm personnel visits to India.
India Tax
MP
Majmudar & Partners
Article
India's 2026 Tax Reforms For Foreign Investors In Government Securities: A Step Towards A More Competitive Sovereign Debt Market
In a significant move to deepen foreign participation in India’s sovereign debt market, the Government of India promulgated the Income-tax (Amendment) Ordinance, 2026 on 5 June 20261, introducing a comprehensive tax exemption for eligible foreign investors investing in Government securities. Effective retrospectively from 1 April 2026, the Ordinance exempts specified income arising from Government securities from withholding tax and long-term capital gains tax, thereby addressing one of the principal tax-related barriers to foreign investment in Indian debt markets.
India Tax
KS
King, Stubb & Kasiva
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Income Tax

Article
Taxation And Other Laws (Amendment) Bill, 2026
With a view to mitigate the impact of external economic headwinds, provide stability to the domestic economy and support key sectors of strategic importance, the Government has introduced the Taxation and Other Laws (Amendment) Bill, 2026 (‘the Bill’) [in supersession of the earlier Income Tax (Amendment) Ordinance, 2026]. The Bill, as passed by the Lok Sabha on 6.08.2026, proposes amendments, inter-alia, to the Income-tax Act, 2025 (‘2025 Act’).
India Tax
VA
Vaish Associates Advocates
Article
Important Tax Considerations For Foreign Law Firms Rendering Services In India
India is a key destination for cross-border investments, acquisitions and commercial transactions. In this regard, several foreign law firms partner or collaborate with Indian law firms and financial advisors or act independently to advise Indian clients and multinational groups on transactions, arbitrations and various matters requiring foreign law inputs. Such collaborations have resulted in an increased frequency of foreign law firm personnel visits to India.
India Tax
MP
Majmudar & Partners
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Tax Authorities

Article
Cenvat Credit Available On Furnace Oil Used For Exempt Intermediate Goods Which Is Stock Transferred To Another Unit And Used In Final Dutiable Goods
The Madras High Court has ruled on a significant Cenvat credit dispute involving the interpretation of 'within the factory of production' when intermediate products are stock-transferred between units of the same company. The decision addresses whether input credit on furnace oil used in manufacturing an exempt intermediate product can be claimed when that product is transferred to another unit for final dutiable goods production.
India Tax
LS
Lakshmikumaran & Sridharan
Article
Pre-deposit In Cases Involving Only Penalty – Amendment In Section 107(6) w.e.f. 1 October 2025, Requiring Pre-deposit, Is Not Applicable Where SCN Was Issued Earlier
The Delhi High Court has ruled on a critical procedural question regarding the applicability of the 10% pre-deposit requirement for GST penalty appeals. The case examines whether amendments to Section 107(6) of the GST Act apply retrospectively to show cause notices issued before October 1, 2025, and explores the principles of vested appellate rights in tax proceedings.
India Tax
LS
Lakshmikumaran & Sridharan
Article
Cancellation Risk For GPU-based NPOs Diluted: A Shift Under The Income-tax Act, 2025
The Income-tax Act, 2025 has introduced significant changes to the taxation framework for charitable entities, now classified as registered not-for-profit organisations (NPOs). This article examines how the Finance Act, 2026 has recalibrated provisions governing cancellation of registration for NPOs engaged in general public utility objects, comparing the new framework with the Income-tax Act, 1961 to reveal both intended alignments and unintended departures.
India Tax
LS
Lakshmikumaran & Sridharan
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Property Taxes

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