News
Reforming foreign office establishment norms in India – New draft regulations issued
23 十月 2025
The RBI has released Draft Foreign Exchange Management (Establishment in India of a Branch or Office) Regulations, 2025 on 3 October 2025 to mark a transition to an investor friendly legal framework and easier access to Indian market.
Patents – Court clarifies scope of exclusion from patentability under Section 3(i) [treatment of human beings], but gives different findings on facts in different disputes
22 十月 2025
In a case involving interpretation of Section 3(i) of the Patents Act, 1970, the Delhi High Court has observed that a nuanced interpretation is warranted – one that excludes only those methods which directly implicate professional judgment, while allowing for patenting of ancillary tools, devices, and non-invasive methods.
Export refund – Omission of Rules 89(4B) and 96(10) – Pending proceedings to lapse
15 十月 2025
The Bombay High Court has upheld the contention of the assessee that in absence of any saving clause in the omission of Rules 89(4B) and 96(10) of the Central Goods and Service Tax Rules, 2017, all pending proceedings, in respect of non-compliance with the conditions prescribed in the said Rules, would stand lapsed.
Impact of GST Rate Changes on the FMCG Sector
10 九月 2025
The 56th meeting of the GST Council, held in New Delhi on 3 September 2025, introduced a series of reforms aimed at simplifying the tax structure and making essential goods more affordable for the general public
Impact of GST Rate Changes on the Electronics Sector
10 九月 2025
The 56th meeting of the GST Council, held on September 3, 2025, in New Delhi, introduced a series of reforms aimed at simplifying the tax structure and making essential goods and services affordable to the end consumer. Among the sectors impacted by these reforms, the electronics sector, particularly consumer electronics, witnessed notable changes in GST rates, which are expected to create a significant impact on manufacturers, dealers and consumers in the supply chain.
Impact of GST Rate Changes on the Automotive Sector
10 九月 2025
The 56th GST Council meeting held in New Delhi on September 3, 2025, introduced significant reforms aimed at rationalising tax rates across sectors, including the automotive industry. These changes are part of a broader initiative to simplify the GST structure and enhance ease of doing business.
Impact of GST Rate Changes on the Logistic Sector
08 九月 2025
The 56th GST Council meeting held on 3rd September 2025 introduced a series of rate rationalisations affecting the logistics sector
Impact of GST Rate Changes on the Health and Pharma Sector
08 九月 2025
The GST Council in 56th meeting held in New Delhi on 03.09.2025 introduced significant reforms aimed at making healthcare more affordable and accessible to common man
Impact of GST Rate Changes on the Oil & Gas and Renewable Energy Sectors
08 九月 2025
The 56th meeting of the GST Council was held in New Delhi on 3rd September 2025, chaired by the Union Minister for Finance and Corporate Affairs. The Council recommended wide-ranging rationalisation of GST rates across goods and services, with an emphasis on correcting duty structures, simplifying compliance, and addressing sector-specific issues.
Revision of MRP in case of change GST Rate: GST 2.0 Reforms
08 九月 2025
It is also pertinent to note that LM Rules are not applicable to packaged commodities containing scheduled formulations and non-scheduled formulations covered under the Drugs (Price Control) Order, 2013 (“DPCO”), made under Section 3 of the Essential Commodities Act, 1955.