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Transfer pricing has been one of the most litigated areas of taxation – not only in India but globally.

These documents have also revealed that 714 Indian companies and individuals were listed in these documents.

Section 168A of CGST Act was inserted vide the Taxation and Other laws (Relaxation and Amendment of Certain Provisions) Act, 2020 which gave power to the Government to extend the time limit in respect of any actions...

In Part I of the Article, we discussed the statutory framework governing post-sale (secondary) discounts and credit notes under the GST regime, especially the requirements of Section 15(3)(b) of the Central Goods and Services Tax Act, 2017 (Act) which proved difficult to reconcile with commercial practices, particularly in industries where discounts were determined after supply due to factors such as sales performance, market conditions or promotional schemes.

The GST regime, implemented in 2017, turns seven years soon, stepping into its proverbial childhood. In many ways, the sweeping tax reform has lived up to its promise...

Goods and Services Tax was introduced in India in July 2017 replacing the erstwhile taxation regime of multiple taxes applicable on business transactions.

The service tax for the relevant period was chargeable on all services under Section 66B of the Finance Act, other than those included in the negative list.

This caused a conflicting position as the Date Extension Notifications sought to extend a repealed provision.

In its recent decision in SAP Labs India Private Limited vs. the Income Tax Officer, the Supreme Court of India overruled the decision of the High Court of Karnataka in the Softbrands case.

A Hindu Undivided Family (HUF) is a unique legal institution recognised under Hindu personal law, arising from the joint status of a family, rather than any formal act of creation. It is ordinarily constituted of every person lineally descended from a common ancestor, together with their wives, sons, and unmarried daughters. Within this structure, a coparcener refers to a member who acquires an interest in joint family property by birth and has the right to seek partition.

The Market Regulator SEBI has partially amended Paragraph E of SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/104 dated October 1, 2019 which prescribed limits on investments by debt mutual fund schemes...

The petitioner, a partnership firm engaged in jewellery manufacturing and wholesale business, was subjected to a surprise search on 16.08.2023 under Section 67(2) of the CGST Act, 2017.

Sec. 139: This Sec. relates to persons required to furnish a return of income and those exempted.

Tax rates for individuals, HUF and Firms unchanged. It shall be mandatory to obtain PAN for all entities (including HUF other than individuals) and all directors, partners, members of such entities...

The non-transferability of Input Tax Credit (‘ITC') amongst states has long been the point of debate between legal intent and technical feasibility.

The 48th Goods and Services Tax (GST) Council Meeting, which was scheduled virtually under the chairmanship of the Union Finance Minister Nirmala Sitharaman after a gap of more than 5...

India's Supreme Court ruling in Tiger Global sent shockwaves through foreign investors who structured their investments through Mauritius and similar treaty jurisdictions. Following diplomatic intervention at the highest levels, the Indian government introduced targeted amendments to its tax rules—but do these changes fully restore investor confidence, or do critical uncertainties remain?