2024

GST: A Critical Analysis of Implementation and Impact

Feb28
The Goods and Services Tax (GST) stands as a landmark reform within India’s indirect tax structure. Implemented in 2017, GST aimed to unify the nation under a single tax regime, streamlining compliance and broadening the overall tax base.  This article offers a critical assessment of GST’s key impact, implementation and
2024

Piercing the Corporate Veil in the Age of Global Supply Chains: A Case for Harmonization

Feb27
This article examines the doctrine of piercing the corporate veil in India within the complex landscape of global supply chains. It argues that the current legal framework in India does not sufficiently address the challenges posed by the multinational nature of corporate structures that often use subsidiaries and intricate supply
2024

Emerging Challenges, Evolving Solutions: Adapting Taxation Laws to the Service-Driven Economy

Feb23
The Indian economy is undergoing a fast transformation in India, as it rapidly moves from goods-based to service-based model, with the service sector now accounting for over 54% of GDP and employing over 25% of the workforce. This transition, which was taking place against the backdrop of a transitional taxation
2024

A GUIDE FOR FIU-IND REPORTING

Feb16
FIU-IND REPORTING What is FIU-IND? FIU-IND stands for Financial Intelligence Unit of India and is the central national agency, responsible for collecting intelligence related to potential financial crime-related transactions in India. FIU-IND functions solely to safeguard India’s financial system from the adverse impact of money laundering, terrorist financing and other
2024

Legal Services provided by an Individual Advocate or a Firm of Advocates not Taxable Services

Feb12
What is ‘Service Tax’? Service tax is a type of indirect tax that is levied by the Government on service providers on certain service transactions, but is ultimately borne by the customers. Section 64 of the Finance Act, 1944 extends the levy of service tax to the whole of India,

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