With the growth of industries and economic development key infrastructure like aviation plays a vital part in placing the country higher in growth trajectory. Now with connectivity playing a crucial role, the Government and the aviation industry are contemplating connecting various centres (including tier II and tier III towns) to be able to meet the infrastructure needs of the coun...
Financial Services have become a major contributor to the GDP of the country in the recent decades. A huge chunk of investment-pie is taken by the financial services sector. L&S possesses the expertise to advise banks, NBFCs and companies alike on the implications arising under the RBI Act, Banking Regulation Act, FEMA and Prevention of Money Laundering Act. L&S assists in drafting and reviewin...
The landscape of electricity regulation has undergone a sea-change in the last decade. The role of the private sector and regulation of generation, transmission and distribution has assumed prominence. The team at L&S has been regularly advising & representing Power generating companies & other Licensees on (i)Licensing, (ii)Tariff (iii) Regulatory issues before State & Ce...
Lakshmikumaran & Sridharan (L&S)律师事务所擅长于税收法、国际贸易法、知识产权法和公司法。L&S团队由富有经验的律师、研究生和来自科学、技术、商业和法律等不同领域的专业人员组成。
L&S律师事务所成立于1985年，目前在新德里、孟买、班加罗尔、金奈、海德拉巴、艾哈迈达巴德、普纳、加尔各答 和 昌迪加尔。我们的欧洲分所坐落于日内瓦。事务所由V. Lakshmi Kumaran先生及其兄弟V. Sridharan 先生一同创立。
It is predicted that India would in the near future become the second largest trading nation in the world. Trade in goods and services has been very buoyant in India and would continue to be so in the future too. Providing complete and full services to trading clients including regular advise to trading companies (international as well as domestic) on the implications of various laws impa...
India’s mineral wealth from core sector needs like iron to bauxite to the new age demands like uranium is distributed throughout the length and breadth of the country. India can boast of the some of the largest reserves of coal and iron located in close proximity to each other. Production of nuclear energy using thorium and reducing dependence on uranium - a pioneering move from India has huge ...
21 March 2017
Customs, Excise and Service Tax Appellate Tribunal (CESTAT) recently delivered few decisions on one of the oldest questions in Central Excise law – whether a process amounts to ‘manufacture’. According to the decisions while conversion of paddy to rice and affixing of pre-cut glasses to frames do not amount to manufacture, ...
29 July 2016
In line with the spirit of upcoming GST law, Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has reiterated that Cenvat credit is not to be denied on technical ground. It has also been held that lack of vehicle number on the invoice is not relevant.
Cenvat credit on invoices issued by non-registered inpu...
15 June, 2016
Model Goods & Services Tax Act has been released by the Indian Finance Ministry on 14th of June. The Model Law amongst other details also provides mechanism for taking Input Tax Credit (ITC) in respect of defined inputs, capital goods and input services. The terms inputs and input services have been defined in a wide manner to cover g...
3 March, 2016
The Indian Finance Minister presented today (29th of February) the Finance Budget for the year 2016-17. The Budget, which usually brings into force various tax proposals of the government for the next year, has brought some important changes in the Customs regime bringing some relief to the importers and exporters.
Dated: Mar 03, 2016
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