What next after the Vodafone tax arbitration?
The Permanent Court of Arbitration at The Hague has issued its award allowing the claim of Vodafone against the Government of India. The award marks the culmination of a long-drawn acrimonious litigation between Vodafone and the...
Taxpayer Charter: Nurturing Relationship of Mutual Trust and Respect
Last week, the PM unveiled the Taxpayer Charter with a twin-fold document containing 14-point obligations of the Revenue and 6-point duties of the taxpayer. While the analysis of each is yet to be translated into actionable...
GST Compensation Conundrum: Between a rock and a hard place
The debate on Goods and Services Tax compensation for states, earlier discussed in hushed tones, has now assumed centerstage. It was expected that current economic strain would impact GST collections and in turn take a toll on...
Hon’ble PM Narendra Modi launches the Taxpayer Charter
The Taxpayer Charter unveiled by the Hon’ble Prime Minister Narendra Modi today marks an important milestone in our nation’s history. It enjoins the commitment (14 affirmative actions) of the lawmakers as well as highlights the...
Is digital tax the end of Multilateralism as we know it?
Frustrated by the slow pace of discussions and anxious to mobilise revenue considering the Covid-19 pandemic, several countries have taken unilateral measures to tax the digital economy.
GST: A year of learning and attainment
Two key issues that will engage the attention of policymakers are the tax rates and the dispute settlement mechanism It’s been a year since the goods and services tax (GST) came into force, though, the nation surely has come a...
Decoding India’s stand on Digital Tax
Traditional international tax law principles fail to account for the developments in technology that allow businesses to cater to market jurisdictions remotely In the recent past, international tax law principles have come under...
De-Escalating The Digital Tax Debate
Like most domestic laws and bilateral treaty networks that were established prior to the digital revolution, the international tax regime was built for a brick and mortar economy. Its inability to be adept to new business models...
Reimagining GST for the post-COVID era
There appears to be a common wish list for all stakeholders in the new economic paradigm—that the Goods and Services Tax (GST) Council reverse its role; from making recommendations on how to tax to transforming itself into an...
The Not-So-Great Equaliser Tax
Days before the nationwide lockdown was announced, as part of the passage of the Finance Act 2020, Parliament proposed an ‘equalisation levy’ on overseas ecommerce operators. This could not have come at a more inappropriate time....