The GST Council has yesterday (9th of September) in its 54th Meeting recommended a number of changes in rates of GST for various goods and services...

India's Carbon Credit Trading Scheme faces a critical gap as the first compliance year approaches in April 2026. While the Energy Conservation Act established the carbon market framework and the Income Tax Act was completely revamped in 2025, the legislature failed to connect these two pieces of legislation, leaving carbon credit certificate transactions in a tax limbo that threatens to undermine the country's ambitious net-zero 2070 goals.

Under the GST law, restaurant services are taxable either at the rate of 5 per cent (without ITC) or 18 per cent (with ITC), depending on whether the said services are provided at ‘specified premises' or not.

The taxability of grants has been a bone of contention between the taxpayers and the department. While a clarification has been issued on this issue...

AI often requires large datasets, which can include personal or sensitive information about individuals (customers, employees, etc.). Using such data without proper safeguards exposes the company to privacy violations.

The Delhi High Court in a recent decision pronounced on 27 May 2025, upheld the refusal of Indian Patent Application No. 3630/DELNP/2011 filed by Zeria Pharmaceutical Co. Ltd. (‘Appellant').

The past few decades have seen India's economic landscape evolving from a developing economy towards a developed economy.

The ongoing debate surrounding the imposition of GST on Development Rights through Joint Development Agreement (‘JDA') continues seeking resolution.

Implementing AI in an enterprise is as much a legal and governance challenge as it is a technical one. Lakshmikumaran & Sridharan (LKS)...

On 30 October 2024, the UK Government released its much-anticipated response to the policy consultation on introducing the UK Carbon Border Adjustment...

The Reserve Bank of India (‘RBI') vide Notification No. RBI/2023-24/80 CO.DPSS.POLC.No.S-786/02-14-008/2023-24 dated 31 October 2023, has issued a new regulatory framework for Payment...

In international trade law, ‘targeted dumping' refers to a specific trade practice where exporters sell their goods at an export price which differs significantly among different purchasers, regions or time periods.

Force Majeure, has gained its spot back on the front-page news once again within the same decade due to the ongoing war in West Asia. Last invoked at this scale during the pandemic, Force Majeure is no longer a boiler plate clause, many times overlooked at the time of signing of any contract.

The long-awaited Free Trade Agreement (‘FTA') between India and the European Union ("EU") is on the cusp of fruition, with the countries expected to announce the conclusion of the trade deal today, i.e. on 27 January 2026.

The Supreme Court has held that if the building in which the premises are situated qualifies for a ‘plant', Input Tax Credit (ITC) can be allowed on goods and services used in setting up the immovable property, which is a plant.

The taxpayers often hesitate to shut down the business operations since the input tax credit (‘ITC') sitting in the credit ledger is often considered as a sunk cost.

The Income-tax Act, 2025 has introduced significant changes to the taxation framework for charitable entities, now classified as registered not-for-profit organisations (NPOs). This article examines how the Finance Act, 2026 has recalibrated provisions governing cancellation of registration for NPOs engaged in general public utility objects, comparing the new framework with the Income-tax Act, 1961 to reveal both intended alignments and unintended departures.

The growth of app-based transportation platforms has revolutionized the way we travel. Gone are the days when one had to step out, wait and hope to catch a taxi or an auto-rickshaw.

In its endeavour to simplify the GST regime in the country, GST Council meetings have more often than not resulted in rate rationalization accompanied by regularisation...

Under the erstwhile indirect tax regime in India, there were several area-based exemption schemes aimed at promoting industrial growth and economic development...