India: Sales Taxes: VAT, GST

The taxpayers often hesitate to shut down the business operations since the input tax credit (‘ITC') sitting in the credit ledger is often considered as a sunk cost.

For many founders and mid-sized business owners in India, converting a Limited Liability Partnership (LLP) into a private limited company feels like a rite of passage before entering M&A conversations. It signals growth, investor readiness...

The Gujarat High Court has held that Rule 96(10) of the Central Goods and Services Tax Act, 2017 would stand omitted prospectively but would not be applicable...

Mergers and acquisitions (M&A) continue to be a key strategic tool for businesses across sectors — enabling growth, unlocking synergies, scaling operations and facilitating exit opportunities.

In M&A transactions, it is common for buyers to include non-compete obligations restricting sellers from engaging in similar businesses for a defined period.

The May 2025 edition of Fox & Mandal's newsletter examines RBI's guidelines on digital lending; validity of retrospective environmental clearance for infrastructure projects; using input tax credit as GST appeal pre-deposit; Singapore's recognition of CIRP under the Model Law; co-investment vehicle in alternative investing; UGC's framework for recognising foreign qualifications; and other regulatory changes in India's corporate, capital markets, real estate, insolvency, and banking sectors.

Televisions are an essential part of modern living, but the GST on TVs in India plays a significant role in determining their cost.

In today's fast-paced logistics and supply chain environment, ensuring the smooth movement of goods is critical. One key compliance requirement for businesses transporting goods...

Learn about GST on gold in India in 2025, including tax on gold ornaments, making charges, and digital gold. Get a detailed breakdown of GST calculations.