Emboldened with “One Nation, One Tax”, establishing the goods and services tax (GST) regime marks a climatic transformation in India’s taxation landscape, earmarking the most significant indirect tax reform in history. Having a revitalised impact on the Indian economy and an accelerated fiscal consolidation, the introduction of GST has fostered a more unified and robust economic environment.

While other litigious issues in GST have been addressed with relative efficacy, related-party transactions (RPTs) have been an area that continue to remain unsettled for years on end. We are pleased to share that a column titled, ‘A new frontier for disputes under GST’, authored by our Managing Partner, Mukesh Butani and Managing Associate, Harsh Shukla has been published on Financial Express (India).

The column succinctly identifies the apertures in extant RPT discourse from the perspective of taxation. It necessitates the need for clearer guidelines, and the need for the revenue to address ambiguities on this front.

To access the opinion piece, please click here: https://lnkd.in/gapZ5PhT