Lawfic Tax Practice

Economic Offences in India – What Businesses Need to Know

Customs law governs the import and export of goods in India, ensuring compliance with regulations, tariffs, and duties. Businesses involved in international trade must follow these rules to avoid penalties, delays, or confiscation of goods. Key Points: The Customs Act, 1962 is the primary law. Importers/exporters must file correct documentation. Valuation of goods affects duty […]

GST Litigation – Common Disputes and How to Resolve Them

Since the introduction of GST, businesses have faced challenges in interpretation, compliance, and disputes with tax authorities. Common GST Litigation Areas: Wrong classification of goods or services. Denial of input tax credit. Alleged tax evasion or underpayment. Retrospective demands. Our team, including ex-GST department officers, provides strategic advice, prepares legal responses, and represents clients in […]

Understanding Customs Law in India – A Complete Guide for Businesses

Customs law governs the import and export of goods in India, ensuring compliance with regulations, tariffs, and duties. Businesses involved in international trade must follow these rules to avoid penalties, delays, or confiscation of goods. Key Points: The Customs Act, 1962 is the primary law. Importers/exporters must file correct documentation. Valuation of goods affects duty […]