September - 2024

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Sep 2811 min read

GST Refund Process: Legal Provisions and Challenges

Explore key legal routes and hurdles in claiming GST refunds, ensuring smooth business operations and compliance.

Sep 2615 min read

Personal Insolvency: Recent Judicial Interpretations

Exploring key court rulings that shape personal insolvency laws in India, focusing on debtor-creditor dynamics and legal frameworks.

Sep 2413 min read

Insights

Data Localization in India: Regulations, Impact, and the Future

Explore the evolving landscape of data localisation in India, its legal frameworks, sector-specific policies, and challenges for businesses.

Sep 233 min read

Court rulings

GST Liability on Annuities: Andhra Pradesh High Court Clarification

An Andhra Pradesh High Court ruling clarifies GST liability timing for annuity payments in infrastructure projects under the HAM.

Sep 233 min read

Court rulings

SAFEMA Tribunal Clarifies Fiduciary Capacity under the Benami Act

The Tribunal clarified that holding assets in a fiduciary capacity can exempt transactions from being classified as benami under the law.

Sep 234 min read

Court rulings

Scope of Asset Freezing: Tribunal Upholds ED’s Authority Under PMLA in RAP Events Case

Tribunal upholds ED's freezing of accounts under PMLA, affirming a strict approach to proceeds of crime in financial investigations.

Sep 213 min read

Updates

FEMA Compounding Rules 2024: Key Amendments and Non-Compoundable Offences

Explore key changes in FEMA Rules 2024, including new compounding guidelines and introduction of non-compoundable offences.

Sep 202 min read

Updates

BHASKAR – A Step Towards Transforming the Startup Landscape in India

A pioneering platform to empower India's startups, offering seamless access to networks, support services, and global opportunities.

Sep 2010 min read

Insights

Section 12A of IBC: A Pathway for Regaining Business Control

Section 12A under IBC allows businesses to settle insolvency, regain control, and avoid liquidation through creditor-approved resolutions.

Sep 206 min read

Court rulings

Supreme Court Strikes a Balance Between Liberty & Law: Upholds Arrest Legality but Grants Bail

The Supreme Court reevaluates arrest norms and grants bail, affirming constitutional rights amid legal complexities.

Sep 173 min read

Court rulings

NCLAT Rejects Secured Status for Tax Dues Under MPVAT in Insolvency Proceedings

NCLAT rules MPVAT tax dues cannot be classified as secured debt in insolvency, reinforcing IBC's creditor hierarchy and priority rules.

Sep 174 min read

Updates

GST Circular: Clarification on Advertising Services for Foreign Clients

Clarification on GST treatment for ad services by Indian cos. to foreign clients, outlining key issues on intermediary roles and exports

Sep 163 min read

Court rulings

SAFEMA Clarifies: Statements Recorded Under the Income Tax Act Can Be the Basis for Proceedings Under Other Statutes

SAFEMA upholds the validity of IT Act statements for initiating diverse statutory proceedings.

Sep 1614 min read

Insights

Debt Detox: Clean Slate, New Fate?

Explore the Clean Slate Theory under the IBC, detailing how resolution plans can offer companies a fresh start by extinguishing past claims.

Sep 165 min read

Updates

Amendments to the Merger Control Regime under Competition Law

Amendments to merger control in Competition Law streamline processes and reduce compliance burden, enhancing business operations.

Sep 143 min read

Updates

GST Circular: Clarification on Place of Supply for Data Hosting Services

Clarifications on place of supply for data hosting services provided to foreign cloud providers, impacting GST compliance and export status.

Sep 143 min read

Updates

Crossing Borders: Simplified Merger Processes for Foreign Companies & Their Indian Subsidiaries

The 2024 Amendment simplifies cross-border mergers, requiring RBI approval and easing the process for foreign firms and Indian subsidiaries.

Sep 143 min read

GST: Availability of Input Tax Credit on Demo Vehicles

CBIC clarifies ITC eligibility on demo vehicles used for sales promotion, aiding dealers in reducing GST liability with clear guidelines.

Sep 143 min read

Court rulings

Supreme Court Clarifies Anticipatory Bail Rights for Accused in Custody in Another Case

The SC affirms the right to seek anticipatory bail, even if in custody for a different case, reinforcing the protection of personal liberty.

Sep 144 min read

Court rulings

Commercial Wisdom and Operational Creditors: NCLAT's Decision in Insolvency Resolution

The NCLAT ruling highlights the balance between creditor rights and commercial wisdom in insolvency, raising questions on equity for OCs.

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