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India
Khaitan & Co LLP
As we approach the seventh year of implementation of the Goods and Services Tax (GST) regime in India, it is clear that its introduction has largely been a success across various parameters.
TLC Legal
A large number of Show Cause Notices (SCN) have been issued under Section 73 of the Central/State Goods And Services Tax Act, 2017 ("CGST"/"SGST") for the Financial Year 2017-18 in the month of September 2023.
Acuity Law
Obligation (in the hands of telecom companies) to withhold taxes under Section 194H of the Income-tax Act, 1961 (IT Act) on discounts given to SIM card distributors has been a matter of long drawn dispute.
Majmudar & Partners
In a recent ruling in the Bharti Cellular Limited case (the "Taxpayer"), India's Supreme Court has held that because a "principal-agent" relationship does not exist between the Taxpayer and the distributor...
BDO India LLP
From 1 October 2023, online gaming companies are required to charge a 28% Goods and Services Tax (GST) on the full value of bets. In addition, foreign online money gaming companies (FOMGCs) are required to register for GST and collect tax in India.
Lakshmikumaran & Sridharan
Traditionally, advertising primarily relied on conventional mediums such as print, television, radio, etc., which allowed the companies to increase the sales of their products.
R & D Law Chambers LLP
In our experience while dealing with corporate clients in representing them in an action for damages, contractual claims etc. in arbitration proceedings or in court of law and in advising them afterwards, ...
R & D Law Chambers LLP
Reopening of an assessment concluded under section 143(1) or even under section 143(3) (Scrutiny Assessment) of Income Tax Act, 1961 is a dreaded nightmare of any assessee.
S&R Associates
In order to encourage prompt payments by business enterprises to micro and small enterprises ("MSEs"), clause (h) was inserted in Section 43B of Income Tax Act, 1961 ("the IT Act") by the Finance Act 2023 with effect from financial year ("FY") 2023-24.
GABA & CO
God may hear you or not, but your smart phone hears you loud and clear. Have you ever noticed that you speak of buying a wooden chair and your Browser...
Lakshmikumaran & Sridharan
The Indian domestic tax laws contain certain provisions which provide differential tax treatment in transactions involving residents and non-residents.
Khaitan & Co LLP
In a recent ruling, the Supreme Court of India has granted significant relief to telecom companies by absolving them from the obligation to deduct tax on the discount provided to a distributor of pre-paid coupons and starter-kits.
Lakshmikumaran & Sridharan
The Ministry of Commerce and Industry has extended the benefit of Scheme for Remission of Duties and Taxes on Exported Products (‘RoDTEP')...
Shardul Amarchand Mangaldas & Co
The article analyses a verdict of the Telangana High Court revolving around the application of Goods and Services Tax (GST) on the transfer of Joint Development Agreements.
Dolce Vita Advisors
In India, Non-Resident Indians (NRIs) are subject to the country's succession laws concerning the inheritance of property situated within Indian territory.
S&R Associates
The primary purpose of double taxation avoidance agreements ("DTAAs") is to eliminate double taxation by providing taxing rights or granting tax credit...
Nexdigm Private Limited
The Central Board of Indirect Taxes and Customs (CBIC) had notified the "Public Tech Platform for Frictionless Credit" as the system with which information...
Nexdigm Private Limited
The Organization for Economic Co-operation and Development (OECD) Inclusive Framework released the report on Pillar One's Amount B, marking a significant milestone...
Nexdigm Private Limited
The Central Board of Direct Taxes (CBDT), via its press release under the e-Verification Scheme-2021, implemented an "on-screen functionality"...
Khaitan & Co LLP
The inaugural listing of a non-profit organisation (NPO) on the social stock exchange (SSE) has set the ball rolling for social enterprises (SE) to raise funds on the SSE.
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