Tax deduction at source under GST and its Refund (GST TDS)- A Quick Analysis

Tax deduction at source under GST and its Refund (GST TDS)- A Quick Analysis Rarely do we come across legislations which have been able to change the way businesses function in a democracy like India. Introduction of GST was a game changer for the Indian indirect taxation regime. GST has been able to hive of […]

Special Valuation Branch (SVB) under Custom laws- Monitoring Instrument in International Trade

Stricter Investment Norms for Neighbouring Countries This era of Globalisation is marked by accelerated cross border movement of goods and trades between the countries. For obtaining efficiencies of trade, multinationals operating in different geographies trade between group entities for catering to the world market. It becomes imperative for the multinationals to understand the nuances of […]

Stricter Investment Norms for Neighbouring Countries

Stricter Investment Norms for Neighbouring Countries Foreign Investment has always been a crucial variable in the development equation of India. It has offered an opportunity for India’s integration into global capital market, world-class technology, human capital development and revenues for India Inc. However, Indian government has made sure that the investment does not result into […]

To claim ITC, keep the ‘tax chain’ going- Affirms High Court of Orissa

To claim ITC, keep the ‘tax chain’ going- Affirms High Court of Orissa In this article, we dwell upon the decision of High Court of Orissa in the case of Safari Retreats Pvt Ltd and Ors Vs. Chief Commissioner of CGST and Ors [WP(C) No. 20463 of 2018]. As per the author, the decision of […]

OECD BEPS Action Plan 2- Rise of Substantialism

OECD BEPS Action Plan 2- Rise of Substantialism In this article, we discuss the marked shift towards substantialist approach to global taxation and how the OECD BEPS Action Plan 2 is a crucial variable in the same. The author also cautions the multinational entities to proactively analyse the impact on their risk prone components/ jurisdictions […]

MasterCard Ruling- A Substantialist Approach

MasterCard Ruling- A Substantialist Approach In this era of accelerated globalisation, tax has been high on the political agenda of the multinational entities. Globalisation, inter-alia brings in inter-country mobility of corporate presence, employees, technology, intellectual property, know-how etc. With increased cross border movement of such elements comes in the host country tax consequences attached to […]

Intragroup Services: Taxability Of Reimbursements To Overseas Entity

Intragroup Services: Taxability Of Reimbursements To Overseas Entity Opening of international boundaries have led to the massive growth of economic groups worldwide in the form of various corporate entities in the domestic as well as international markets. This has further resulted in the widespread increase of intra-group agreements among these corporate entities in order to […]

Foreign Contributions Under Regulator’ Lens

Foreign Contributions Under Regulator Lens The Foreign Contribution (Regulation) Act, 1976, which was passed during the emergency to curb foreign interference in domestic politics proved to be a worthy watchdog for Indian regulators. The law was aimed to regulate foreign donations aimed at disturbing the values of sovereign democratic republic. The law was amended in […]

Beware of Accepting Foreign Donations!

Beware of Accepting Foreign Donations In this era of globalisation, happenings in one end of the world create ripples in the other end. Globalisation has led to greater movement of philanthropic funding around the world. In the past four years, the Indian non-government organisations (‘NGOs’) have received approximately INR 50,000 Crores of foreign donations. With […]