GST In India The Road Ahead

No doubt, businesses and the Government have faced their respective set of challenges to adapt to the GST regime.  Greater compliance, increased transparency and the simplicity of one single tax law balance out the negatives.  Tax never being a dull topic

Taxand : Global M&A Tax Guide 2022 – Complete Guide

We are happy to share Taxand’s latest edition of its Global M&A Tax Guide. This desktop guide equips the reader with tax reference points relevant to mergers and acquisitions, including recent local tax measures and developments across jurisdictions. Over the course of coming weeks and months, Taxand guide will provide market-by-market updates.

Taxand: Global M&A Tax Guide 2022 – India Chapter

We are happy to share Taxand’s latest edition of its Global M&A Tax Guide. This desktop guide equips the reader with tax reference points relevant to mergers and acquisitions, including recent local tax measures and developments across jurisdictions. Over the course of coming weeks and months, Taxand guide will provide market-by-market updates.ELP, Taxand’s India partner has authored the India chapter for this guide

47th GST Council Meeting: Analysis by Economic Laws Practice

The 47th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman was held in Chandigarh on June 28-29, 2022 which also coincided with the 5th anniversary of the GST genesis. Over the course of 2 days, the Council discussed several key issues like exemptions, correction of inverted duty, revising rates of various items, etc. The update gives an analysis of the various measures proposed by the Council to ease compliances and to facilitate trade via notifications and circulars. To this effect, the update provides notification clarifications pursuant to the 47th GST Council meet.

ELP Knowledge Series India Update Part 2 0f 2022

This document is intended to keep you updated on the latest legal, policy and regulatory developments in India. It is our endeavour to short-list, collate and analyze the available data in order to curate information

India – Australia Economic Cooperation and Trade ECTA: Key Takeaways

On April 2, 2022, India, and Australia signed the India-Australia Economic Cooperation and Trade Agreement (ECTA). The ECTA is an interim arrangement and parties will begin negotiations on a full-fledged free trade agreement in the next 75 days.

Manual of Key Judicial Pronouncements – Alcobev Sector – Volume 2

Infrastructure & Energy Digest

In this month’s newsletter, we have analyzed key announcements for the infrastructure sector in this year’s budget and their consequent impact on the sector.

India Budget 2022 Overrides Supreme Court Ruling—History Repeats Itself

One of the most anticipated amendments in India’s Union Budget of 2022–23 has been the retrospective overriding of the Supreme Court ruling in Canon India (March 2021)..

Union Budget – An Analysis by Economic Laws Practice

This year ELP celebrated its 20th anniversary. Since the first year we have been putting out a comprehensive budget booklet and have had much appreciation from our clients and adulation from a few who have replaced our logo with theirs and put out the same publication (we take that as a compliment).

“Public Interest Test” in Anti-Dumping Investigations – Recent Developments in India

Anti-dumping measures are part of a defensive toolkit used by members of the World Trade Organization (WTO) to protect their domestic producers

Income Tax Assessment – It is faceless but not voiceless !

The scheme of scrutiny assessment under Income Tax witnessed a paradigm shift with the introduction of faceless assessment.

Metaverse – Are Indian Laws Ready

In just over three decades of the world wide web’s existence, over half of the world is now online; with the recent pandemic only augmenting it multifold

Tax Newsletter

Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including..

Decoding NFTs and their Regulation in India

The increasing popularity of cryptocurrencies has sparked several debates around the world on their legality and efficacy. It has led to the creation of a frenzy centering around Non-Fungible Tokens or NFTs.

Coming, forward trading in energy exchanges

The purchase and sale of power in India have long been dominated by power purchase agreements...

Infrastructure and Energy Digest – November 2021

In this month’s newsletter, we at Economic Laws Practice (ELP) have examined the decision of the Appellate..

ELP Podcast Series – BIS in India : Navigating the framework of Technical Barriers to Trade – Part 2

Podcast Series: Parthasarathi Jha in conversation with...

A Breather for Construction Projects under Litigation

Over the last few years, companies in the construction sector have been hit by cash flow concerns...

Interpreting The India-US Interim Agreement On Equalisation Levy 2020

On October 8, 2021, a landmark deal was reached amongst over 130 countries where the broad contours of Two Pillar Solution to Address the Tax Challenges Arising from the Digitization.

SEBI’s ICDR Amendment: A Welcome Change (But Some Additional Clarifications Would Be Welcome Too!)

Half Yearly Roundup of developments in International Trade & Customs: India

Quarterly Update – Competition Law & Policy – Q3 of 2021

We are pleased to share with you the latest edition of our Competition Law update..

Navigating GST 2.0 – Issue 12

Economic Laws Practice (ELP) & Taxsutra in their monthly Newsletter titled ‘Navigating GST 2.0’ give a comprehensive analysis of : Valuation provisions, their applicable provisions, and typical controversies. The Evolving GST Landscape Governing E-Commerce in India. Key Judicial Pronouncements and Advance Rulings enumerates the recent remarkable verdicts, orders, rulings and decisions of the Hon’ble Supreme Court, High Courts, AARs, Tribunals, and the Appellate Authorities. Recent amendments, updates, clarifications, and modifications to the indirect tax laws by the Government with respect to Legislative updates. Also included is an interview with Mr. Sachin Rathod, General Manager Accounts & Finance for A Raymond Fasteners India Pvt Ltd.

Legal implications of recent issues in the hospitality sector in India

Set against the backdrop of one of the most difficult periods in the hospitality sector..

The Interplay Between CSR and ESG Norms: What India Inc and Investors Need to Focus on

With sustainable and impact investing gaining traction, ESG is picking up pace as an important tool for investors to identify their investments. The Indian regulators, MCA and SEBI

Digital Taxes | Uncertainty shrouds India’s equalisation levy

In their article for Moneycontrol, ELP’s Kumar Visalaksh and Arihant Tater discuss India’s recent decision to be part of the OECD consensus on digital taxation. More specifically

All expenditure of VC Funds including Carried Interest to carry GST – A major setback to the Industry

The recent CESTAT Bangalore ruling in ICICI Econet and Internet Technology Fund [TS-290-CESTAT-2021-ST] that ‘carried interest’ - which is a fund share of profits

Proposed E- commerce rules dissected

The Consumer Protection (E-commerce) Rules, 2020 (E-comm Rules) were notified in July 2020 with the aim to accommodate and regulate trade that is making a quick shift towards the online model

India’s Consumer Protection Rules: What Foreign E-Commerce Entities Need To Be Cognisant Of

Digital/e-commerce players are facing scrutiny from multiple regulatory check-points in India, a trend which is mirroring the global current in that direction.

Taxation of the Digitalized Economy

The emergence of new technologies and its application in a variety of systems has led to challenges with respect to regulation for many Governments..

Production Linked Incentive Scheme

Each PLI Scheme specifies conditions and qualifying criterion for eligibility. Qualifying parameters across notified PLI Schemes are similar, with threshold criteria differing in each Scheme. Key parameters are as follows:

Infrastructure Book

Challenging circumstances have unfolded in the wake of the Covid-19 pandemic. Although there are echoes in plagues and the spread of viruses in both far and recent pasts, the Covid-19 pandemic is unprecedented in many ways

Equalization Levy: The Ambiguity Continues To Exist

The Memorandum to Finance Bill, 2021 (Bill) states that “there is a need for some clarification to correctly reflect the intention of various provisions concerning

Corporate Law Compendium

India’s regulatory regime in the corporate sector has been witnessing swift changes.

Indemnity, Reps & Warranties and Insurance in M&A

This is the first edition of the Practice Guide – India M&A published by Lexology Getting the Deal Through. It provides a contemporary analysis of the legal framework, opportunities, challenges and risks that arise in connection with M&A transactions in India.

Infrastructure Projects in India

The Indian infrastructure sector has gone through two cycles of investment. The current inflection point is borne out of the changing economic and legal landscapes as well as experiences in privatization.

New Consumer Protection Act: Why businesses need to be prepared for greater risk exposure

The Government of India has introduced various consumer-centric initiatives with businesses now increasingly being at the receiving end of consumer-centric actions and notices from the authorities. Set against this context, this article highlights the new Consumer Protection Act, 2019 (CPA) (which is set to be notified) and - more importantly- what corporate India needs to be mindful of.

Enforcing a claim for liquidated damages in India: Key messages.

Naresh Thacker and Ria Dalwani co- author an article titled 'Enforcing a claim for liquidated damages in India: Key messages' for IBA.