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There are few controversies under the indirect taxes that refuse to settle down. One such issue is related to the taxability of 'Liquidated Damages'. Typically, 'Liquidated Damages' are recovered by [...]

INDIRECT TAX Intention to evade tax not a pre-requisite for liability under GST Law The Punjab and Haryana HC in Sterile India Pvt. Ltd vs. UOI1, held that the intention [...]

INDIRECT TAX Issue of Forms GST DRC-01 and GST DRC01A 'optional' for Proper Officer issuing order u/s 73 of TNGST Act, 2017 The Madras HC in Vishakha Exports v. Assistant [...]

INDIRECT TAX Denial of benefit of Area-based Exemption under excise-regime no reason to restrict 'Budgetary-Support' The Delhi HC in Special Cables Pvt. Ltd.1, held that the 'budgetary-support' benefit under the [...]

Introduction In a recent judgement in the matter of Union of India v Bharat Forge Ltd, Civil Appeal No. 5294/2022, the Supreme Court (SC) set aside the decision of Allahabad [...]

Goods and Services Tax The Government of India vide Circular No. - 178/10/2022 - GST dated 3rd August, 2022 clarified the applicability of GST on payments, which are typically penal [...]

Multinational companies often share their talent pool across borders and jurisdictions to achieve various objectives. Most common purposes are to supervise the quality, procurement or delivery, sharing knowledge of technology [...]

Multinational companies often share their talent pool across borders and jurisdictions to achieve various objectives. Most common purposes are to supervise the quality, procurement or delivery, sharing knowledge of technology [...]

One Third deduction towards value of land in construction contracts held ultra vires the GST Acts and is read down as optional in cases where actual value not ascertainable - [...]

One Third deduction towards value of land in construction contracts for residential units, held ultra vires the GST Acts and is read down as optional in cases where actual value [...]

The Maharashtra Government has passed the Maharashtra settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022 ('the Act') for the settlement of arrears of un-disputed and disputed [...]

Introduction of draft 'Uniform Code for Medical Devices Marketing Practices' The Uniform Code for Pharmaceutical Marketing Practices (UCPMP) was notified by the Department of Pharmaceuticals (DoP) in 2014 as a [...]

The Union Budget, 2022-23 was presented by the finance minister, Ms. Nirmala Sitharaman before the Parliament on February 01, 2022. The budget did not include much expected propositions of pharmaceutical [...]

The payment of the compulsory pre-deposit of 10% of the disputed amount of tax while filing an appeal under the tax regime has always been a much-debated issue. The manner [...]

We all have enjoyed playing with different 'Toys' during our childhood and they are popular with children even today. With time, toys have evolved a lot and now a days [...]