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Rahul Arora and Ruhani Khanna, HSA Advocates

Solar power sector: Looking forward to a brighter year

By Rahul Arora and Ruhani Khanna, HSA Advocates
Last year was full of ups and downs for India’s renewable energy industry. While 2018 started off with the first quarter witnessing a huge increase in installed capacity, especially in the solar power sector,...
Legal-frontier-India

Legal frontiers

Leading law firms shed light on the cutting-edge practice areas that are receiving the attention of India’s top legal mindsInternet platform liability Bankruptcy & insolvency Data privacy Taxation INTERNET PLATFORM LIABILITY Intermediary liability in India – moving goalposts The internet...
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Interim union budget: hits and misses

By Amit Singhania and Gouri Puri, Shardul Amarchand Mangaldas
 TAXATION  Few would disagree that the first term of the Modi government brought in bold tax reforms, including the introduction of a nationwide goods and services tax, demonetization and a crusade against “black” money, abolition...
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India in 2019

Three prominent in-house counsel foretell the risks and opportunities in the pharma, data privacy and e-commerce sectorsPharma: evolving priorities The year ahead will see pharma companies and their general counsel (GC) continue to grapple with...
Sudipta Bhattacharjee, Advaita Legal

GST notification on solar projects adds to ambiguities

By Sudipta Bhattacharjee, Advaita Legal
Solar power projects in India have suffered from ambiguity regarding applicability of the goods and service tax (GST) on input. This is a critical issue since power projects have no output GST and thus...

Power sector ‘change in law’ disputes see faster resolution

By Poonam Verma, J. Sagar Associates
The Indian infrastructure story has been a mixed bag in the last five years. While there is a boom in infrastructure projects, private investment in the sector has fallen short of earlier estimates. One...

Constitutionality of GST on royalties for mining leases

By Sudipta Bhattacharjee and Shashank Shekhar, Advaita Legal
Payment of royalties to the relevant governments is a common feature across the entire spectrum of mining leases in India (and across the world), irrespective of the type of mineral.Since the expansion of the...

GST laws – the return of retrospective amendments

By Sudipta Bhattacharjee, Advaita Legal
After the uproar caused by the retrospective amendment following the Vodafone judgment, it might have been thought that retrospective amendments of tax laws were a thing of the past. Unfortunately, they have reappeared, this...
Parliament--The-monsoon-session

Parliament: the monsoon session

Continuing our regular coverage of India’s parliamentary sessions, Mandira Kala and Roopal Suhag assess key commercial bills that were debated and passed during the recent session The monsoon session of parliament in 2018 marked the...
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CBDT amends tax audit report format

The Central Board of Direct Taxes (CBDT) recently amended the format of the tax audit report that all auditable companies and professionals whose turnover exceeds the prescribed thresholds under section 44AB of the Income...
OLA-GC-RIDES-OVER-TO-RIVIGO

Ola GC rides over to Rivigo

Anurag Sharma, the general counsel (GC) of cab aggregator Ola, left the company after two years to join logistics startup Rivigo and become its first GC. “Rivigo is an exciting opportunity and as the first...
India's legal industry

The state of India’s legal market

Undercutting of legal fees is set to continue, as opposing forces of fragmentation and consolidation battle to shape the legal industry in India. Gautam Kagalwala reports To coincide with the publication of the 2018-19...

GST advance rulings: Useful, despite ‘pro-revenue trend’

By Sudipta Bhattacharjee and Onkar Sharma, Advaita Legal
After more than a year of GST, around 130 advance rulings and nine appellate orders have been pronounced by the Authority of Advance Ruling (AAR) and the Appellate Authority of Advance Ruling (AAAR) of...

Open market for fake goods

A reluctance by the police to enforce criminal laws against counterfeiters is fuelling their illicit trade. Harsh Aggarwal and Roma Arora report Counterfeiting is one of the biggest challenges facing brand owners, as it threatens their...

Bahrain bank funds Navi Mumbai township project

Solomon & Co, which advised Khaleeji Commercial Bank in its funding of a ₹500 billion (US$7 billion) township project, had to work within the Shariah law framework to meet the bank’s requirements. The Bahraini bank...

Phoenix tax partner revives old firm

Aseem Chawla, a partner and tax head of Phoenix Legal, has left to revive the firm that he founded in August 2016.Chawla had merged his tax boutique, ASC Legal, with Phoenix in March 2017....

Many successes chalked up during first year of GST

By L Badri Narayanan, Jyoti Pal and Disha Jain, Lakshmikumaran & Sridharan
After a year of goods and services tax (GST), India can pat itself on the back. While giving full respect and effect to democracy, keeping intact the federal structure, the country has been able...

High fliers

Lawyers from around the world have had a busy year in India working on deals while adhering to the country’s ‘fly-in fly-out’ model. India Business Law Journal reveals the top international firms that are...

Trends show need to adjust GST advance ruling scheme

By L Badri Narayanan, Jyoti Pal and Disha Jain, Lakshmikumaran & Sridharan
To alleviate uncertainty for business created by the complexity of India’s goods and services tax (GST), the government introduced a scheme of advance ruling, borrowed largely from provisions under the previous excise and service...

Issuance of FAQs clarifies GST on financial services

By Sawant Singh and Aditya Bhargava, Phoenix Legal
Along with sweeping changes in federal and state taxation, the goods and services tax (GST) introduced in 2017 also impacted how business was done, particularly in the financial services sector. With the intent of...