Extension of reliefs under Indirect Tax provided during the pandemic Covid-19

We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the recent notification issued by the Central Board of Indirect Tax and Customs (the ‘Board’) whereby the Board has sought to extend certain reliefs provided earlier under Indirect Taxes due to COVID-19 and resultant difficulties. To […]

TaxBuzz – Direct tax measures announced by FM on 13-05-2020

The Hon’ble Prime Minister, Sh. Narendra Modi, had announced a stimulus package of Rs. 20 lakh crore, constituting 10% of the GDP, in his address made to the nation on 12th May, 2020 under ‘Atmanirbhar Bharat Abhiyaan’ to save the lockdown-battered economy. The Hon’ble Finance Minister, Smt. Nirmala Sitharaman, (‘FM’) addressed a press conference on […]

Impact of force majeure on commercial contracts in light of the coronavirus outbreak

The novel coronavirus (“COVID-19”) has, in some way or the other, affected almost the entire world’s population and significantly impacted businesses globally. With Covid-19 being declared a pandemic by the World Health Organisation and its consequential effect on trade and commerce, disputes have and will arise with respect to performance and enforcement of contracts. Under […]

Competition News Alert – CCI issues advisory for businesses during COVID-19

The Competition Commission of India (CCI) has issued official advisory to businesses in time of COVID 19 on 19th April 2020 . CCI has joined other competition authorities, including those in EU and USA abroad to remove Industry’s fears on consequences of any limited coordination between competitors to meet the shortage of supplies during the […]