Customs and GST Alert – May 2025

We are pleased to share with you the link to our newsletter on the latest GST and Customs Developments. The newsletter covers recent judgments and regulatory updates in the GST and Customs space in India. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any clarification, please […]

Tribunal Broadens ‘Professional Services’ Scope Under India-Sri Lanka DTAA

In a significant ruling, the Delhi Tribunal clarified that ‘professional services’ under Article 14 of the India-Sri Lanka DTAA encompass specialized services like spa consultancy. Consequently, payments to non-residents for such services aren’t taxable in India if the recipient doesn’t meet the 183-day presence requirement. The Tribunal also emphasized that, per the Supreme Court’s decision […]

IBC Update: Supreme Court clarifies treatment of PUFE recoveries in resolution plans

In a recent judgment in Piramal Capital and Housing Finance Limited vs. 63 Moons Technologies Ltd & Others, the Supreme Court has clarified key aspects relating to PUFE (Preferential, Undervalued, Fraudulent, Extortionate) transactions under the IBC. The Court upheld the Resolution Plan approved by the NCLT, affirming that the distribution of recoveries from proceedings under […]

Customs and GST Alert – April 2025

We are pleased to share with you the link to our newsletter on the latest GST and Customs Developments. The newsletter covers recent judgments and regulatory updates in the GST and Customs space in India. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any clarification, please […]