"Lakshmikumaran & Sridharan (L&S) is a full-service law firm based in India. The firm has offices in 14 cities across India and has over 400 professionals specializing in areas such as corporate & commercial laws, dispute resolution, international trade, taxation and intellectual property rights. L&S has been recognised as a Tier 1 firm in various international rankings for its tax, IPR, international trade and life sciences practices. Over the last three decades, we have worked with a variety of clients – start-ups, small& medium enterprises, large Indian corporates and multinational companies. Starting from humble origins in 1985, the firm has over the years expanded its scope and has argued over 30,000 matters in various domestic and international fora."
The scope and ambit of ‘goods’ has always been a contentious issue from a taxation perspective. Tax policies in India have witnessed an evolution of diverse taxes levied on the acts of production, manufacture, sale, lease and transfer of ‘goods’. Thus, situations where one has had to contend with the question of whether an article qualifies as ‘goods’ has been rather frequent.
D. Kalirajan The Central Government recently notified the much-awaited Remission of Duties and Taxes on Exported Products Scheme (‘RoDTEP Scheme’) with retrospective effect i.e., for exports from 1 January 2021, with certain exclusions. The RoDTEP Scheme has been notified under Chapter 4 of the Foreign Trade Policy 2015-20 (‘FTP’) which deals with the Duty Exemption/Remission […]
Goods and Services Tax (GST) Notifications and Circulars Requirement of GST audit and reconciliation statement by professionals removed with effect from 1 August 2021: The Ministry of Finance has appointed 1 August 2021 as the date on which the provisions of Sections 110 and 111 of the Finance Act, 2021 have come into force. These […]
