Karnataka Government, vide its notification dated May 27, 2025, has published the Karnataka Platform Based Gig Workers (Social Security and Welfare) Ordinance, 2025 (“Gig Workers Ordinance”) with an aim to protect the rights of platform-based gig workers. The provisions of the Gig Workers Ordinance shall come into force on such date as the Karnataka Government […]
In a landmark judgment, the Karnataka High Court held that cross-border B2B support services rendered independently do not qualify as ‘intermediary services’ under the IGST Act. By quashing the Revenue’s classification and ordering refund of IGST with interest, the Court reinforced that characterisation must reflect the true nature of the service arrangement. This ruling clarifies […]
Securities and Exchange Board of India (“SEBI”), vide its circular dated August 20, 2024, had issued the Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (“SEBI Circular on CSCRF”) which provides standards and guidelines for strengthening cyber resilience to strengthen the cybersecurity measures in Indian securities market, and to ensure adequate cyber resiliency […]
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 […]
In a landmark judgment dated May 2, 2025, the Supreme Court of India annulled JSW Steel’s ₹19,700 crore acquisition of Bhushan Power and Steel Ltd. (BPSL), citing violations of the Insolvency and Bankruptcy Code (IBC). The Court ordered the liquidation of BPSL, emphasizing that the resolution plan failed to comply with mandatory provisions, including Section […]
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 […]
