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Search results: goods and services tax

non-compete

Keeping competitors at bay

Parties must take care not to have unreasonable or one-sided non-compete clauses in agreements, as these can be rendered ineffective by the courts, writes Kunal Mehta It is well-settled law that a non-compete obligation in...
relief

Slowing the free fall

Taking stock of the relief measures deployed by regulators to soften the impact of the lockdown. Gautam Kagalwala reports With the COVID-19 outbreak, the government has been fighting on two fronts. It has introduced a...
India

Indian Law Firm Awards 2020

And the winners are ... Rebecca Abraham reports Companies and law firms across India have been grappling with a global pandemic in what was already a challenging market, and are now facing an economic downturn....
banking

Cryptocurrencies avoid a KO and win on points

By Karthik Somasundram and Sneha Jaisingh, Bharucha & Partners
After five years of studying the global development of virtual currencies (VC), the Reserve Bank of India (RBI) in April 2018 issued a circular under the Banking Regulation Act, 1949 (BRA), the Reserve Bank...
ADA

Change of leadership at ADA

Sonia Gupta has taken over as managing partner of Ashok Dhingra Associates (ADA) from 1 April. She is one of ADA’s co-founders, with dual qualifications as a chartered accountant and attorney. Gupta takes over the...
services

GST levied on services not taken

Section 7(1A) read with schedule II of the Central Goods & Service Tax Act, 2017 (CGST Act), prescribes that “agreeing to the obligation to refrain from an act, or to tolerate an act or...
e-commerce

Emerging product liability regime in e-commerce

By Manoj Kumar, Hammurabi & Solomon
The convergence of trade and technology has enabled rapid growth in e-commerce and fintech transactions, throwing up new legal and regulatory challenges including those of product liability involving consumers. There is also the problem...
deals

Deals of the Year 2019

India Business Law Journal reveals the most significant deals and disputes of 2019 and the law firms that worked tirelessly to bring them to fruition The best transactions for the past year in India came...
insolvency

Pecking order

The significance of the insolvency code may be put into question if state governments do not observe the order of priority for creditors over a corporate debtor’s assets, write Arvind Varma and Amita Chohan “The...
vehicles

Are electric vehicles sparking into life at last?

By Abhishek Tripathi and Anura Gupta, Sarthak Advocates & Solicitors
There is little doubt that the future of mobility lies with electric vehicles (EVs). The environmental catastrophe that befalls most Indian cities every winter makes it vital for the government to push for faster...
environment

EVs: Driving towards a sustainable environment

By Dipti Lavya Swain and Ketaki Dandiya, HSA Advocates
Automaker Mercedes Benz may have sold 600 units during Diwali, but the automobile sector as a whole is at a low point, forcing the government to assist the massive employment creating sector that contributes...
tax

Methods to levy indirect tax on e-commerce players

By Gautam Khurana and Mamta Saluja, India Law Offices
When e-commerce began nearly two decades ago, merchants and customers operated in a nearly tax-free regime, as the low volume of transactions did not attract government attention. With e-commerce becoming a multibillion-dollar segment and...
board

Amended rules target board transaction powers

The central government notified the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019 on 18 November 2019. The amendment rules amend sub-clause 3 of rule 15 of the Companies (Meetings of...
GST

Managing your GST for cross-border transactions

By Rajesh Kumar and Abhishek Hans, India Law Offices
Cross-border transactions are intricate and complex in terms of indirect tax consequences in India. It is important to understand and analyse the applicability of a goods and services tax (GST) on cross-border transactions. This...
law firms

State of play

Indian law firms face a daunting pace attack from big accountancy firms amid a slow-wicket economy. On top of this, in-house counsel are facing up to more work internally, leaving less for law firms....
Korean

MSME policy and Korean investment in India

By Rajat Prakash and Siddharth Mahajan, Athena Legal
The micro, small and medium enterprise (MSME) sector is the second-largest employer in India, coming in just behind the agrarian sector. The MSME sector plays a critical role in the Indian economy. The central...
demergers

Choosing between business transfers and demergers

By Natashaa Shroff and Taranjeet Singh, Shardul Amarchand Mangaldas & Co
Until 2015, demergers were a popular form of divestment, where the business would be transferred under a court approved scheme as a going concern to the acquirer. Despite the fact that a typical scheme...
Renault-Nissan

Renault-Nissan India GC takes up new role

Yogesh Wadhwa, the India vice president and alliance general counsel (GC) for Renault-Nissan has moved to Dubai to take up the role of GC of Nissan for the Middle East, Egypt, Turkey and Saudi...
Advaita Legal

Should you opt for tax dispute resolution scheme?

By Sudipta Bhattacharjee and Onkar Sharma, Advaita Legal
With the goods and services tax (GST) well into its second year, the government now wants to focus its resources and enforcement machinery on the collection of GST rather than getting bogged down by...
Hammurabi

PwC director to head GST team at Hammurabi

Hammurabi & Solomon has hired Pravesh Khandelwal as a partner to lead its indirect taxes (IDT) and goods and services tax (GST) practice in Gurugram. Khandelwal joins from PricewaterhouseCoopers (PwC), where he worked for...