Taxability of supply is dependent upon the attributes of the transaction. Often the transaction is an amalgam of multiple considerations flowing between the parties. In such cases a question arises whether the transaction constitutes a single supply or multiple supplies form part of such...

Promissory estoppel is an equitable doctrine which has found roots in the Indian jurisprudence. Its application has witnessed a passionate contest in the discourse regarding the Government’s power to curtail or deny fiscal exemptions promised to the citizens. The article attempts to sketch the...

Recently the Haryana Goods and Service Tax (‘GST’) authorities have issued “guidelines regarding circumstances in which input tax credit has to be blocked …” in case of certain taxpayers (‘Guidelines’). It appears that these Guidelines are directed towards certain taxpayers who are...

Commercial transactions are complex. More complex are the price–setting negotiations. In a commercial world cross-supplies are not uncommon and equally common is the trend of price adjustment wherein one lump-sum price is agreed as a final measure after offsetting different price components...