Much Ado About Taxing: A Legal Scrutiny Of Amazon’s Dispute With Tax Authorities In Karnataka

By Archishman Chakraborty, Symbiosis Law School, Pune.

In September, 2014, the Tax authorities in Karnataka barred Amazon India from selling electronics and several other products from its warehouse in the State, by cancelling the licences of third-party merchants who were working with the local unit of the world’s largest online retailer. Notice was served to more than a hundred third party merchants disallowing them to register Amazon’s warehouse as their ‘additional place of business’. (more…)

FATCA: Yet another weapon in India’s war against Tax Evasions and Black Money

By Shruti Sharma, Campus Law Centre, Delhi University.

The Foreign Accounts Tax Compliance Act, better known as FATCA, is an Act which was enacted in the year 2010 by the United States Congress; it can also be called as American Global Tax law. FATCA basically requires Foreign Financial Institutions (FFIs) to report to the Internal Revenue System (IRS), information about financial entities in which U.S taxpayers hold a substantial ownership interest. It was basically introduced to target non compliance by U.S taxpayers using foreign accounts. (more…)

Goods and Services Tax: Recent Developments

By Piyush Jain, Rajiv Gandhi National University of Law, Punjab.

Goods and Services Tax (GST), which is considered the most significant tax reform since independence, proposes to subsume a majority of the indirect taxes prevailing in India and will change the way business is done. It will bring about a structural change in the current indirect taxation system by propagating an ideal consumption-based indirect tax system. The dual GST proposed to be introduced is expected to expand the tax bases and simplify and harmonize the conception tax systems presently levied at both central and state levels. The Central VAT (CENVAT) levied at present, has a narrow base and multiple rates. It is levied on goods at the production stage, and value added in subsequent stages is not included in the base. (more…)

Constitutional Amendment Bill, 2014: GST

By Poonam Bera, Army Institute of Law, Mohali.

After a prolonged delay, Goods and Service Tax (122nd Constitutional Amendment) Bill, 2014 has introduced in lower house of parliament on 19th December, 2014. It is regarded as one of the biggest tax reforms since 1947 and is targeted to be implemented by April 2016[i]. GST regime is expected to replace a number of indirect taxes levied by the Central and State Governments. It will create a single unified market for goods and services across the country. (more…)

LexQuest 1st National Essay Writing Competition, 2014

LexQuest is pleased to announce the LexQuest 1st National Essay Writing Competition, 2014 on the theme “Trends, Issues and Reforms in Tax Policy in India”. The competition is an excellent opportunity for Law students and Professionals to express their viewpoints on Tax Policies in India. The theme is broad in nature; hence, the participants may take up any Topic/Trend/Issue/Development covered under the purview of the Theme. (more…)