The Input Tax Credit (ITC) has been the most vexed issue under the GST law, with debates on issues of cascading not properly addressed in the present scheme of law.

Given below are some key news updates from the past week pertaining to international trade and customs both from India and around the world.

On 27 November 2019, the Supreme Court of India, delivered a seminal verdict in the case of Hindustan Construction Company Limited & Anr. v. Union of India & Ors. wherein, inter alia, the constitutional validity of ...

Given below are some key news updates from the past week pertaining to international trade and customs both from India and around the world.

In 2012, the Securities and Exchange Board of India (SEBI) introduced Alternative Investment Funds (AIFs) as a new class of investment vehicles.

Recently, the Supreme Court sought to address, once again, David Gilmour's lamentations. As per Section 34(3) of the Arbitration and Conciliation Act, 1996 ("Arbitration Act")...

The Supreme Court determined whether Kolkata would be the ‘seat' of arbitration when the arbitration clause provided that "...the sitting of the said Arbitral Tribunal shall be at Kolkata" and...

In less than a month, India's GST Council reassembled for its 51st meeting with a view to providing clarity on taxation of supplies in online gaming.

An annual budget is a major event in every developing country. Less developed the country; the more the changes annually – policy is often amended.

To understand today's fast-paced consumer market, one cannot turn a blind eye towards terms like e-retail, e-commerce and online shopping...

Perkins Eastman Architects DPC and Another v. HSCC (INDIA) LTD. (Perkins Eastman)

The power of the company to purchase its own securities is known as "buy-back". A company resorts to buy-back for varied reasons such as (i) reduction of capital without reduction of control of the existing shareholders;

The MCA has notified certain important changes in relation to payment of additional fees for delay in submitting, filing, registering or recording, of certain documents, fact or information under the provisions of the Companies Act, 2013.

The FM focused on infrastructure as part of her second theme for the Union Budget i.e. economic development.

On 6th September 2022, the Hon'ble Supreme Court in the case of Sales Tax Officer (1) vs. Rainbow Papers Limited, in the context of the specific provision under Section 48 of the Gujarat Value Added Tax Act 2003 ...

The recent judgment by the National Company Law Appellate Tribunal (NCLAT) in the case of Avil Menezes (Liquidator) vs. Principal Chief Commissioner of Income Tax, Mumbai (2024- NCLAT)...

This write up delves upon some of the deeper underlying aspects of ‘margin money'. It also discusses the effect of moratorium under the Insolvency and Bankruptcy Code on such transactions.

In response to the two-year anniversary of the Russia-Ukraine conflict and the death of anti-corruption activist Aleksey Navalny, Western nations like the U.S. and the E.U..

SEBI has issued changes and clarifications to the regulatory framework in respect of the following:

The incentivization for digitization coupled with pandemic-imposed necessity for adoption of digital tools has led to a manifold increase in quantity of data generation from India. A comprehensive...