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S&A Law Offices
The Goods and Services Tax Law completed five (5) years in July this year, however, many issues are yet to be settled and some issues that were presumed to be settled are now unsettled.
S&A Law Offices
GST has completely revamped the indirect tax arena in India. As promised, it has reduced the levy of multiple taxes, and promoted transparency to a great level by reducing human intervention.
Tuli & Co
The Corporate Insolvency Resolution Process was initiated against Rainbow Papers by the NCLT on 12 September 2017.
S&A Law Offices
The Government of India (GOI) issued Notification No. 50/2003-C.E. dated June 10, 2003 (Notification No. 50/2003) granting exemption from payment of Excise Duty to new and existing industrial units for 10 years from the date of commencement of commercial production by such industrial units.
LexCounsel Law Offices
The Government of India overhauled the indirect tax structure and implemented the goods and services tax ("GST") many years ago but its execution especially with regard to transitional credit...
S&A Law Offices
The Petitioner is engaged in trading of ready-made garments which were being transported from Gurgaon to Rae Bareli (Uttar Pradesh) when they were inspected and it was found that the e-way bill was incomplete as Part-B was not available.
Khaitan & Co LLP
In the case of New Noble Educational Society v. CCIT and Another, 2022 SCC OnLine SC 1458, a three-judge bench of the Hon'ble Supreme Court of India (SC) inter alia...
Majmudar & Partners
In a recent ruling, the Jaipur bench of the Income Tax Appellate Tribunal (the "Tribunal") has upheld that there will be no Equalisation Levy on Google advertisement payments made by...
Mayer Brown
Welcome to the first edition of Focus on India, a round up of Mayer Brown's perspectives, news and events.
While courts (including the Supreme Court of India) have, over the years, clarified a whole range of issues surrounding classification of games, albeit,...
S&A Law Offices
The issue of taxability of secondment of employees was more or less settled in the erstwhile service tax regime. However, a disbalance in the position taken by the industry...
Inspection, search and seizure, summons, prosecution, and arrest provisions are placed in tax legislations in order to tackle tax evaders and protect government revenues...
Economic Laws Practice
Petroleum products are outside the coverage of GST. Consequently, these products suffer non-creditable GST and other costs/taxes on their procurement which leads to a cascading effect.
Phoenix Legal
Offshore distribution commission earned by a foreign company for distributing Indian mutual funds outside India not taxable in India
S.S. Rana & Co. Advocates
The Government has introduced a new GST Regulation for "Renting of Residential Property" with effect from July 18, 2022.
S&A Law Offices
The Supreme Court has directed the Goods and Service Tax Network (GSTN) to open GST portal for filing Tran-1/Tran-2 from September 1, 2022 to October 31, 2022.
Kochhar & Co.
By the recent Guidelines for issuance of summons under Section 70 of the CGST Act – Instruction 03/2022- 23 [GST-Investigation], indiscriminate issuance of summons has been discouraged...
Concerned officers to verify the claim of transitional credit on merits and pass appropriate orders after granting an opportunity to be heard to the taxpayers...
LexCounsel Law Offices
The Goods and Services Tax ("GST") law has undergone various changes in the recent months. But the recent imposition of GST on room rent paid by patients at hospitals has raised many concerns.
Economic Laws Practice
Industry was keenly awaiting the decisions of the 47th GST Council meeting which took place after a long six-month gap from the previous meet. The response to the GST Council recommendations has been a ...
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