The article in this issue of Indirect Tax Amicus attempts to explore the ramifications of a specific legislative change introduced in the Union Budget 2024-25 vide Clause 101 of Finance (No.2) Bill, 2024 which seeks to amend Section 65 of the Customs Act...

Taxability of Extra Neutral Alcohol/rectified spirit, a denatured alcohol that is predominantly used as a raw material for manufacturing of liquor for human consumption has been a bone of dispute between the Centre and the States, while the former claiming its liability to GST, the States claiming that they are exclusively empowered to levy VAT and excise duty.

The ongoing debate surrounding the imposition of GST on Development Rights through Joint Development Agreement (‘JDA’) continues, seeking resolution.

Pan masala, tobacco and tobacco products – Effective date for implementation of new special procedure extended to 15 May 2024

Last few years have seen a huge surge in sports marketing, where companies sponsor leagues, display billboards during sports matches or display their logo on the players’ jersey. The article in this issue of Tax Amicus highlights that one needs to examine...

The article in this issue of Tax Amicus discusses the observation of the Supreme Court in Northern Operating Systems case, recent investigations on the issue, CBIC Instruction, interim orders passed by different High Courts on factual matrix of the cases, legal position under the GST law and the way forward.

The article in this 151st edition of LKS Tax Amicus covers the issue of taxability of grants. It notes that given the voluntary and unilateral nature of a grant, there exists ambiguity whether the provision of a grant qualifies to be a taxable supply under the scheme of GST law, as to qualify as a supply it is essential that a good or service is provided for a consideration.

The concept of ‘restriction’ imposed on export of goods as indicated in the Indian Trade Classification (‘ITC (HS)’) has been the subject matter of judicial interpretation before various forums.

Classification of goods under the correct tariff item is the first, and arguably, most important step for a taxpayer. This is also the most litigative issue in any tax jurisdiction. The article hence analyses the implications of a recent Madras High Court decision in the case of Parle Agro Pvt. Ltd.

The article in this issue of Tax Amicus discusses the recent decision of the Supreme Court wherein the Apex Court has held that the amendments to the Telangana VAT Act, the Gujarat VAT Act and Maharashtra VAT Act, after 1 July 2017 were not correct.