KHAITAN & CO
Bankrupt companies take indirect tax department to court over GST software not being in sync with IBC
Many bankrupt companies are complaining that the GST software doesn’t allow them to pay current or future taxes without clearing dues from earlier years.
Exporters want benefits of Capital Goods Scheme under GST regime
Move Supreme Court against government which has set conditions for exporters...
Firms rush to meet Sebi’s rules on insider trading
Changes have been made to the requirements of companies’ code of conduct.
Still no land for angels, feel startups
The lack of clarification from DPIIT and CBDT are likely to raise more questions from startup ecosystem, which has been vocal in its opposition to both Section 56 and 68.
Startup investors plan for tax demand shield
Tweak agreements to include protection against any sudden I-T Dept impositions
There is need for a new law for data privacy: Supratim Chakraborty, Khaitan & Co LLP
Amendments by sectoral regulators bringing their regulations in line with the Bill may also be considered on a case by case basis.
Restrictive Delhi HC order pushes India's online pharmacies on the backfoot
Investors have continued to pour in significant amounts of capital in the burgeoning space, but the latest court decision is likely to affect future investments.
Refund issues play havoc on exporters’ bottomline in post-GST era, seek relief from Delhi HC
As far as Advance Authorisation (AA) is concerned, there is a benefit of exemption from payment of IGST on imports.
1 year of GST: Inclusion of petroleum products in GST will be a great step: Kabir Bogra, Khaitan & Co
Kabir Bogra, Partner, Khaitan & Co, shares his views on anti-profiteering guidelines under GST and impact of the likely inclusion of petrole...
GST law amendment: Some writ pleas may be recalled
The amendments are targeted at the problems raised by industry, said experts who closely track the tax system introduced a year ago.
Big bill for data privacy may cost startups dear
Experts advise firms to begin compliance process by carrying out a privacy impact assessment.
Tax axe over endorsement pacts: Dealers of imported sports goods under taxman’s lens
Tax experts point out that the marketing or promotional spend can be subjected to taxes only in situations when the contract between the Indian dealer and the multinational specifies this as a condition of sale
CBIC asks taxmen to deal with companies' writ petitions promptly
The directive comes at a time when many companies have approached courts and filed writ petitions seeking clarity.
28 companies under lens for wrongly claiming services export sops
DRI alleges these companies claimed export benefits — mainly tax sops — reserved for Indian firms for promoting domestic brands overseas and they need to return the money.
Taxman hopes to hit a jackpot in Goa casinos
People in the know pointed out that one or two of the casinos have paid the service tax, while others are looking to challenge the tax demand.
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