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In a significant development that has sent shockwaves through the online gaming industry, the GST Council recently announced a decision to impose a 28% Goods and Services Tax...

Due date of filing of annual return in Form GSTR-9 and reconciliation statement in Form GSTR-9C for financial year (FY) 2019-20 extended from December 31, 2020 to February 28, 2021.

As SEBI cracks down on Jane Street over alleged manipulation of Bank Nifty and Nifty expiry-day trades, a new dimension of regulatory scrutiny is emerging: permanent establishment (PE) risk under Indian income tax laws.

THESE are taxing times indeed! The global shift on clamping down on base erosion/profit shifting has the recently amended India-Mauritius tax treaty to add to its list.

Goods and Services Tax is a single tax on the supply of goods and services.

When an owner of Unquoted share ("Shares") in a Company transfers the shares to any person

The Pharmaceutical industry is a strategic one which contributes strategically to India's growth story. Globally, India ranks 3rd in terms of pharmaceutical production by volume and is the third largest principal commodity in terms of exports.

Mauritius, with regard to India, has been considered as one of the most favourable tax benefit countries.

On 13 October 2026, the Government of India notified the protocol amending the India-Mauritius tax treaty (Protocol) which was signed on 7 March 2024 (Notification)1. As per the Notification, the Protocol entered into force on 10 August 2026, pursuant to which all transactions undertaken on or after 10 August 2026 will be subject to the Principal Purpose Test (PPT).

The 55th GST council, If I may say, failed to live up with the expectations and the public at large.

Recently,Mumbai Tribunal in Sulzer pumps India Pvt. Ltd. [TS-1156-ITAT-2018(Mum)-TP], had the occasion to distinguishbetween a ‘contract manufacturer' and ‘licensed manufacturer'...

On 31 July 2024, the Maharashtra Tax Laws (Amendment) Act, 2024 (Amendment Act) was passed, with a view to amend certain tax laws in the state of Maharashtra.

The Larger Bench of the CESTAT has held that refund of service tax is maintainable in the absence of any challenge to assessment or self-assessment in appeal under the Finance Act, 1994.

This suggests that appropriate changes will be made in the upcoming budget to be presented on 1 February.

The Supreme Court of India recently, in Red Chilli International Sales v ITO [2023] 146 taxmann.com 224 (SC), set aside a judgment of the High Court...

We sincerely thank you for attending our seminar on the Union Budget 2024 held on Saturday, 27th July 2024, at the Taj Mahal Hotel, New Delhi.

We are pleased to present the November issue of SKP Global Updates - our newsletter that covers employment, payroll, Goods and Services Tax (GST)/Value Added Tax (VAT) and corporate tax...