Summary of the 54th GST Council Meeting

The 54th GST Council meeting concluded with announcements of GST rate reductions in several key areas. This update summarizes all rate changes and other significant measures.

Summary of the 53rd GST Council Meeting

On 22nd June 2024, the 53rd GST Council meeting, chaired by the Finance Minister of India, made significant decisions on both substantive aspects of GST and on its compliance requirements. At first glance, these changes appear beneficial and demonstrate the Government's commitment to its 'ease of doing business' policy. Samvad team has summarized and analysed the proposed changes in the article.

Analysis: Budget 2024

The budget for 2024 brings a comprehensive plan for all-round economic growth, focusing on infrastructure, employment, fiscal discipline, innovation, and social welfare. Our analysis aims to identify the key policies, initiatives, and amendments introduced through the budget documents.
 

Budget Highlights: 2024-2025

Through today’s interim budget, the Finance Minister parks important issues of Taxation for a later stage; however, she proposes reforms and introduces development initiatives that will be tested in the times to come. At SAMVAD Partners we have mapped out the initiatives of the Government through this budget and highlighted the important amendments that have been proposed in the realm of Direct and Indirect Taxes.

Analysis of the Apex Court's decisions on PMLA Act in 2023

The landscape of decisions under the Prevention of Money Laundering Act, 2002 (PMLA) is ever-evolving. In this article, Partner, Aditya Bhattacharya and Senior Associate, Kaustav Som analyse 5 major judgements of the Supreme Court on PMLA from 2023 to analyse the approach taken in deciding issues on the validity of arrests, and competing claims of jurisdiction.

Taxability of Corporate Guarantee & its Impact on Infra Sector

The GST Council, in its 52nd GST Council meeting, recommended taxing Corporate Guarantees which was accepted by the Government. The taxability of corporate guarantees within the framework of the Goods and Services Tax (GST) has been a matter of ongoing debate since the inception of the GST regime. With the revenue issuing Show Cause Notices to infra companies this issue will be hotly contested in the times to come.

GST on Online Gaming - Analysis of the Legislative Framework

GST on Online Gaming