The Government of India submitted the ‘Direct Taxes Code' Bill, 2010 the Parliament in August, 2010. The Code, expected to come into force from the next financial year i.e. 1st April 2012, is not just a regular amendment but replaces all the existing direct tax laws in India. The drafters have...

An inquiry into the innate nature of a tax presupposes examination of an intricate web of variables, which on most occasions results into raging debates. For examples, whether a tax on service provider is a tax on service or a professional tax, whether a tax on capital value of assets is same as...

The Union Finance Minister presented before the Indian Parliament the Budget for Financial Year 2022-23 on February 1, 2022. Amidst the various tax proposals introduced in the Budget, the most talked about were the proposals to tax crypto-assets. Of course one can expect certain changes (by way...

The Goods and Services Tax (‘GST’) regime has sought to replace the earlier indirect tax regime in a large measure. In the GST design an attempt has been made to incorporate international best-practices. One such aspect is composition-scheme for business dealing in second-hand goods. While...

In its decision in the case of Lisboagás (C-256/14) the European Court of Justice (‘ECJ') adverted to the issue whether other taxes paid by the supplier and collected from the receiver on actual basis are required to be added to determine the taxable value for VAT purposes. The ECJ in this...