The Supreme Court has ruled on whether the assembly of imported photocopier modules in warehouses constitutes 'manufacture' under the Central Excise Act, examining the distinction between customs duty classification and excise duty liability. This case addresses the critical question of when simple assembly operations cross the threshold into manufacturing activity for tax purposes.

The era of globalization has brought together the people to work jointly thereby benefiting each other by increasing transfer of knowledge and technology.

Should the income of an offshore discretionary trust be subject to tax in India, if no distributions have been made to beneficiaries in India?

Section 244A of the Income-tax Act provides that if any amount of refund becomes due to the assessee under the income-tax Act, he shall, subject to the provisions of this section, be entitled to receive...

The GSTAT Bench at Thane has dismissed Revenue department’s appeal filed against the appellate authority’s decision allowing exemption under Sl. No. 9 of Notification No. 02/2017-CT(R) to the assessee who was using manufacturer’s name...

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...

The Central Board of Indirect Taxes and Customs had issued Circular No. 159/15/2021- GST dated September 20, 2021, incorporating significant clarifications relating to scope of "Intermediary"...

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of October 2019.

The Social Security Agreement between India and Japan will come into force with effect from 1 October 2016.

The Supreme Court of India in the case of Assessing Officer vs. M/s Nestle SA and Others, elucidated law relating to applicability of the Most Favoured Nation clause in the protocol(s) for availing benefit of a DTAA ...

The Central Government has not notified CENVAT Credit eligibility of such Cess under the CENVAT Credit Rules, 2004. Therefore, as of now, no CENVAT Credit can be availed for the Cess paid.

In an attempt to curb tax evasion and avoid tax leaks, the government introduced GAAR (General Anti-Avoidance Rules) with effect from 01 April 2017.

In this video Mr. Ashutosh Rastogi, a founding partner at Amicus Services which has secured several awards for taxation, discusses the transfer pricing policy making exercise.

The Delhi High Court has on 16 November 2023 observed that the Tax Research Unit (TRU) of the Ministry of Finance has not been clothed with the authority or jurisdiction to render...

The High Courts have debated this issue and have adjudicated that no withholding is required on payments pursuant to long-term leases, as the payments are capital in nature/in the nature of deemed sale.

The Bengaluru bench of the Income-tax Appellate Tribunal vide order dated 28 February 2019, held that consideration received by non-resident entity from an Indian company for performing management services ...

The assessee was engaged in the business of manufacturing goods and providing services.

Session Theme: To review the Regulatory framework, Opportunities and Challenges for doing business in Portugal & India

The Bombay High Court has held that interest and penalty are not leviable on IGST not paid on imports, before the amendment to Section 3(12) of the Customs Tariff Act...

As per the Economic Survey, the agriculture sector contributes approximately 16% of the country's GDP for FY24 at current prices and supports about 46.1% of the population.