The Constitution (One-Hundred and Twenty-Second Amendment) Bill, 2014 currently pending consideration of the Parliament seeks to usher a new indirect tax regime in India purported as the ‘Goods and Service Tax' The avowed intent of this Amendment Bill, in terms of its “Statement of Objects...

As the name suggests, “Consignment Taxes” imply taxes on consignment. In India these are also colloquially understood as taxes on ‘stock-transfer' of goods which is how most consignment of goods are effected in the country. These essentially relate to movement of goods from one territory...

Credit, once legally taken, therefore becomes an indefeasible right of the tax-payer barring a statutory exception. The entitlement of credit is therefore often disputed. These disputes are principally on two counts; first from a legal perspective whether credit is permissible on the particular...

In an earlier article titled as ‘Service Tax on Lawyers: A levy short lived?' [Excise and Customs Reporter Vol. 191(4), pp. 55SF-60SF] I had an occasion to point out that the levy of service tax on individual lawyers was an experiment out of the various experiments conducted by the Government...

The history of ever expanding horizon of service tax law in India has extensive sub-chapters of its own. The levy being unique and unprecedented in the country, the Finance Act, 1994 has made a number of experiments for the levy and collection of service tax from various sectors. Sometimes owing...

India's tryst with corporate governance is not new, yet not ideal. When in 1996 the Confederation of Indian Industry (‘CII') undertook the first institutional initiative on corporate governance in India (leading to the 1998 report on ‘Desired Corporate Governance: A Code'), the ideals of...

This article traverses the provisions relating to the appellate remedies against orders passed by the Appellate Tribunal under the principle indirect-tax legislations in India i.e. the Customs Act, 1962, the Central Excise Act, 1944 and the Finance Act, 1994 which deal with levy and collection...

Taxability of supply is dependent upon the attributes of the transaction. Often the transaction is an amalgam of multiple considerations flowing between the parties. In such cases a question arises whether the transaction constitutes a single supply or multiple supplies form part of such...

In a recent decision Shields & Sons Partnership - C-262/16 the European Court of Justice (‘ECJ') has adverted to the nuances of composition scheme in the context of Value Added Tax models. This decision examines the rationale for introduction of such scheme, which is the administrative...