Clarification Archives

Clarification vis-à-vis substantial alteration of commercial agreement; SC considers legality of retrospective application of modifications in agreement

Supreme Court: The Division Bench comprising of Ajay Rastogi* and Abhay S. Oka, JJ., held that a modification changing tariff for inadvertent

Legislation Updates Notifications

GST | Further guidelines provided for verification of TRAN-1 credit under MAHA GST and related matters

Earlier, guidelines have been given to the departmental officials for verification of TRAN-1 credit by Internal Circulars referred above. In most of

Legislation Updates Notifications

Clarifications in respect of option exercised under S. 115BAA of Income – Tax Act, 1961 inserted through Taxation Laws (Amendment) Ordinance, 2019

The Taxation Laws (Amendment) Ordinance, 2019 (the Ordinance) has been promulgated by the President of India on September 20, 2019. The Ordinance,

Legislation Updates Notifications

Storage of Payment System Data | Clarification issued by RBI to ensure expeditious compliance by Payment System Operators

Reserve Bank of India through circular DPSS.CO.OD.No 2785/06.08.005/2017-18 dated April 06, 2018 had issued a few directions to ensure better monitoring, it is