The Karnataka High Court has on 15 July 2025 allowed the writ petition against the demand of IGST in the case involving secondment of expats by the assessee from the overseas group entities. The Department in the case Alstom Transport India Limited v. Commissioner had alleged that the activity amounted to receipt of manpower and […]
The International Financial Services Centre Authority (IFSCA) had constituted an Expert Committee on Positioning GIFT IFSC as a Global Commodity Trading Hub (‘Committee’) in May 2024 to enable commodity trading in the International Financial Services Centre, GIFT City, Gandhinagar (‘IFSC’) with an aim to integrate IFSC ecosystem with global trade flow and capitalise on the […]
The Madras High Court has held that Notifications Nos. 9 and 56/2023-Central Tax, issued for the purpose of increasing the time limits for issuance of SCN and adjudication under Section 73 of the CGST Act, 2017 are illegal and are vitiated for the following reasons.
The government plans to abolish the 28% slab that applied to products such as cars, air-conditioner and refrigerators. About 99% of products now taxed at 12%, such as butter, fruit juices, and dry fruit, would also shift into the 5% bracket. WHICH SECTORS AND COMPANIES COULD BENEFIT? Taxes are likely to be lower on personal […]
Analysis of the recent Supreme Court & High Court judgements Lawfic Tax Practice is pleased to invite you to a webinar on GST judgments in 2025, that will discuss and analyse a series of landmark judgments delivered by the Hon’ble Supreme Court and Hon’ble High Courts in 2025. These judgments lay down the jurisprudence on […]
The concept of Permanent Establishment (‘PE’) occupies a crucial space in International Tax debates especially in the light of changing business models and adoption of technology. While the OECD has laid out guiding principles for evaluation of a PE, several Indian Courts and Tribunals have evolved their own tests taking into account facts and circumstances […]