--- title: "Taxation, Customs and Global Trade" date: 2026-06-10 author: "Anandita Ganguly" url: https://acuitylaw.co.in/practice-areas/taxation-customs-and-global-trade/ --- # Taxation, Customs and Global Trade ![Global Trade, Customs & GST](https://acuitylaw.co.in/wp-content/uploads/2024/02/global-business-1-scaled.jpg) ### OVERVIEW Tax is never just a compliance exercise. For any business operating in India, whether entering the market for the first time, deploying capital into an acquisition, restructuring a group, or managing the routine obligations of an ongoing Indian operation, the tax dimension shapes every decision and touches every transaction. Acuity Law’s Corporate and International Tax practice provides end-to-end advisory on direct tax, international tax, transfer pricing, indirect tax, exchange control, and global trade and customs, giving clients a single integrated view across India’s tax and regulatory framework. With the enactment of the Income Tax Act, 2025, which replaces the Income Tax Act, 1961, businesses operating in India now face the additional task of understanding and aligning their structures and compliance processes to the new legislative framework. Our team advises on the implications of the new Act and assists clients in transitioning their tax positions, documentation, and filings accordingly. Tax advisory at Acuity Law is delivered by a dedicated team of advisors including qualified Chartered Accountants who bring deep experience from leading international accounting firms. This team works in close and continuous collaboration with the firm’s corporate, M&A, disputes, and regulatory lawyers. The result is tax advice that is not rendered in isolation. It is always given in the context of the transaction, the regulatory framework, and the commercial objective. Clients do not receive a tax opinion and a legal opinion that they are left to reconcile; they receive a single, coherent view. The tax practice has a strong track record advising multinational corporations doing business in India on both complex and day-to-day matters. Our advisory covers India entry strategy and optimal investment structuring, inbound and outbound transaction tax advice, tax due diligence on acquisitions and divestments, transfer pricing documentation and compliance, arm’s length pricing analysis, advance pricing agreements and related party transaction structuring, profit repatriation strategies, secondment structures, double tax treaty analysis, GST advisory and disputes, customs and import duty structuring, free trade agreement strategy and rules of origin analysis, duty remission and export incentive schemes including EPCG, Advance Authorisation, RoDTEP and SEZ operations, and trade remedies including anti-dumping and safeguard advisory. Whether the matter is a high-value cross-border acquisition or the annual compliance cycle of an established subsidiary, the team brings the same rigour to both. ### ROLE As part of the corporate and international tax advisory practice, Acuity Law provides the following services to clients: **Corporate and international tax covering analysis of:** - Double taxation avoidance agreement interpretations - Holding company structures in foreign jurisdictions - Strategies for mitigating Permanent Establishment exposure - Place of Effective Management and GAAR impact - Dispute assistance (litigation strategy including drafting and appearance) - Withholding taxation, compliance, and reporting requirements - Profit distribution methods from a tax and regulatory angle ** Strategies for acquisitions, mergers, divestitures, diversification or consolidation of businesses to achieve desired commercial goals effectively including:** - Inbound structuring for entry into India, including jurisdiction analysis - Externalization structures/ outbound structuring for investment outside India - Fund taxation (including Offshore Fund and AIF) and Carry structuring - Tax Due Diligence on Indian targets - Group holding structures - Profit repatriation strategies for stakeholders - Endowment planning / wealth planning strategies **Our other offerings include:** - Global Trade, Customs and Foreign Trade Policy related assistance - Opinions on duty/ tax savings, optimization and deferral strategies - Advising on potential benefits arising from Free Trade Agreements and recommendations for origin management controls - Health checks and risk assessment on technical positions adopted, compliances undertaken and disclosures made - On call advisory and key compliances for GST - On-site support during enquiries, investigations and audits by tax authorities, including readiness assessment for future audits - Litigation support on matters related to the erstwhile indirect tax regime ie prior to introduction of GST - Recommendations and hand holding for advance rulings, representations and advocacy related initiatives ### Key Professionals ![](https://acuitylaw.co.in/wp-content/uploads/2025/01/SG-1-scaled-e1775734628647.png) ### Souvik Ganguly Managing Partner [View Profile](https://acuitylaw.co.in/people/souvik-ganguly/) ##### Income Tax Indian Income Tax Law is governed by the Income-tax Act, 1961 (Act) and rules made thereunder. Amongst other things, the Act chiefly governs the situs of taxation, tax residency, charge of tax, classification of income, incentives / tax holidays / exemptions, tax rates and withholding of taxes, transfer pricing (or base erosion of profits test) and other anti-avoidance provisions. India has also entered into double taxation avoidance agreements with various countries. Here we answer some of the common queries relating to applicability and scope of the Act. [View Document](https://acuitylaw.co.in/wp-content/uploads/2024/04/FAQ-7-Indian-Income-Tax-Law.pdf) ##### Compounding Under FEMA 1999 The Foreign Exchange Management Act, 1999 (“FEMA”) provides for compounding of contraventions by the Reserve Bank of India (“RBI”) and the Directorate of Enforcement (“ED”). The Foreign Exchange Management (Compounding Proceeding) Rules, 2024 (“Compounding Rules”) and the Directions – Compounding of Contraventions under FEMA, 1999 (“Compounding Directions”) provide for the rules for compounding of offences under FEMA. In this FAQ, we cover the concept and the procedure of compounding offences under the regulations mentioned above. [View Document](https://acuitylaw.co.in/wp-content/uploads/2024/12/FAQs-on-Compounding-under-FEMA-1999.pdf) ##### Goods and Services Tax Goods and Services Tax (GST)was introduced in India with effect from 1 July 2017. GST is an indirect tax and has replaced a plethora of erstwhile duties, taxes, cesses and levies. The objective of GST introduction is to achieve a One Nation-One Tax regime as well as eliminate the erstwhile complex system of indirect taxation and cascading of levies. Here we discuss the fundamental structure of GST in India. [View Document](https://acuitylaw.co.in/wp-content/uploads/2024/04/FAQ-14-GST.pdf) ##### Free Trade Agreements Free Trade Agreement (FTA) is an arrangement between two or more countries or trading blocs that agree facilitate trade and to reduce or eliminate certain barriers to trade in goods, services, and investments. Ordinarily, whenever a product is traded across international borders, the importing and exporting countries apply certain charges, which are in the nature of tariffs or duties on the products being exchanged. Such an imposition of tariff/duty invariably increases the cost of procuring the products. FTAs seek to reduce or eliminate such tariffs and thereby make available easy access to the domestic markets of partner countries. FTAs are entered into primarily, in relation to goods and services; however, extensive agreements may even provide relaxations in investor regulations and facilitate transfer of Intellectual Property. [View Document](https://acuitylaw.co.in/wp-content/uploads/2024/04/FAQ-15-FTA.pdf) ##### Customs Bonded Warehousing Organizations are increasingly using Customs Bonded Warehousing license to manufacture goods with the objective to reduce compliances and better cashflow management. To understand this concept better, please read the FAQs. [View Document](https://acuitylaw.co.in/wp-content/uploads/2024/04/FAQ-28-Customs-Bonded-Warehouse.pdf) ### Related Posts [![](https://acuitylaw.co.in/wp-content/uploads/2025/04/Untitled-design.png)](https://acuitylaw.co.in/tax-evasion-under-cgst-act-liability-of-employees/) April 9, 2025 ### [ Tax evasion under CGST Act – Liability of Employees](https://acuitylaw.co.in/tax-evasion-under-cgst-act-liability-of-employees/) The Supreme Court in the case of Union of India v. Shantanu Sanjay Hundekari & Anr., has upheld the decision of the Bombay High Court and ruled that penalty should not be imposed on a mere employee of the Company under section 122(1A) and section 137 of the CGST Act. [Read more](https://acuitylaw.co.in/tax-evasion-under-cgst-act-liability-of-employees/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Atmanirbharbharatabhiyaan-1.png)](https://acuitylaw.co.in/atmanirbhar-bharat-abhiyan-economic-stimulus-package/) June 4, 2020 ### [“Atmanirbhar Bharat Abhiyan” Economic Stimulus Package](https://acuitylaw.co.in/atmanirbhar-bharat-abhiyan-economic-stimulus-package/) We, at Acuity Law, have summarized the economic stimulus package recently announced by the Government of India through 5 consecutive days of interaction from May 13 to May 17, 2020.  Aimed at introducing bold reforms across various sectors and to revive the India economy, this stimulus package is a mix of fiscal support, monetary support, ease of… [Read more](https://acuitylaw.co.in/atmanirbhar-bharat-abhiyan-economic-stimulus-package/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/tax2-1019x573-1.jpg)](https://acuitylaw.co.in/most-favored-nation-clause-important-ruling-of-the-honble-supreme-court-of-india/) December 13, 2023 ### [“Most Favored Nation” clause – Important ruling of the Hon’ble Supreme Court of India](https://acuitylaw.co.in/most-favored-nation-clause-important-ruling-of-the-honble-supreme-court-of-india/) The Hon’ble Supreme Court of India (Apex Court) has recently pronounced a landmark ruling[ᶦ]  on treaty interpretation with a specific reference to Most Favored Nation (MFN) clause contained in various Double Taxation Avoidance Agreements (DTAA) entered by India with Organization for Economic Cooperation and Development (OECD) member countries. The Apex Court ruled that a Notification under… [Read more](https://acuitylaw.co.in/most-favored-nation-clause-important-ruling-of-the-honble-supreme-court-of-india/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Acuity-thumbnail-5.png)](https://acuitylaw.co.in/48th-gst-council-meeting-update/) December 20, 2022 ### [48th GST Council Meeting – Update](https://acuitylaw.co.in/48th-gst-council-meeting-update/) The 48th GST Council meeting was held on 17 December 2022, which was Chaired by the Honorable Finance Minister – Smt. Nirmala Sitharaman and attended by the Finance Ministers of various Indian States and Union Territories.  The role of the GST Council is to propose changes to GST rates and compliances, issuing clarifications on contentious… [Read more](https://acuitylaw.co.in/48th-gst-council-meeting-update/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/06/Untitled-design-1-1024x1024.jpg)](https://acuitylaw.co.in/53rd-gst-council-meeting-clarifications-issued-by-cbic/) July 10, 2024 ### [53rd GST Council meeting – Clarifications issued by CBIC](https://acuitylaw.co.in/53rd-gst-council-meeting-clarifications-issued-by-cbic/) The 53rd Goods and Services Tax (GST) Council meeting was held on 22nd June 2024, which made several key recommendations with the objective to promote ease of doing business and reduce protracted litigation. In line with these recommendations, the Central Board of Indirect Taxes and Customs (CBIC) has issued certain circulars which seek to clarify… [Read more](https://acuitylaw.co.in/53rd-gst-council-meeting-clarifications-issued-by-cbic/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/gst.png)](https://acuitylaw.co.in/a-note-on-major-gst-reforms-in-india/) September 8, 2025 ### [A Note on Major GST Reforms in India](https://acuitylaw.co.in/a-note-on-major-gst-reforms-in-india/) On 03 September 2025, the Indian Ministry of Finance put forth the recommendations of the Goods and Services Tax (GST) Council as part of the next-generation GST reforms. We have referred to this as ‘the recommendations’ or ‘next-gen reforms’ in this note. The GST Council made various recommendations relating to changes in GST laws including (1)… [Read more](https://acuitylaw.co.in/a-note-on-major-gst-reforms-in-india/) [![](https://acuitylaw.co.in/wp-content/uploads/2026/02/pexels-leeloothefirst-8970309-1024x683.jpg)](https://acuitylaw.co.in/amendment-to-compounding-rules/) February 6, 2026 ### [Amendment To Compounding Rules](https://acuitylaw.co.in/amendment-to-compounding-rules/) Brief Background:  Under Section 15 of the Foreign Exchange Management Act, 1999 (“FEMA”), the compounding mechanism enables individuals and companies to voluntarily acknowledge breaches of FEMA provisions and settle them by paying a penalty, thereby avoiding protracted enforcement proceedings. Building on the earlier analysis of the Foreign Exchange (Compounding Proceedings) Rules, 2024 (“Compounding Rules”), along with the… [Read more](https://acuitylaw.co.in/amendment-to-compounding-rules/) [![](https://acuitylaw.co.in/wp-content/uploads/2026/02/pexels-kindelmedia-7688995-1024x768.jpg)](https://acuitylaw.co.in/amendments-to-foreign-exchange-regulations/) February 6, 2026 ### [Amendments to Foreign Exchange Regulations ](https://acuitylaw.co.in/amendments-to-foreign-exchange-regulations/) The Reserve Bank of India introduced certain amendments to the (i) Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instrument) Regulations, 2019 (“Mode of Payment Regulations”), (ii) Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 (“Currency Accounts Regulations”), and (iii) the Foreign Exchange Management (Deposit) Regulations, 2016 (“Deposit… [Read more](https://acuitylaw.co.in/amendments-to-foreign-exchange-regulations/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/01.jpg)](https://acuitylaw.co.in/assignment-of-leasehold-rights-in-an-immovable-property-gst-not-leviable/) February 19, 2025 ### [Assignment of leasehold rights in an immovable property – GST not leviable](https://acuitylaw.co.in/assignment-of-leasehold-rights-in-an-immovable-property-gst-not-leviable/) The Gujarat High Court ruled that GST is not applicable on the assignment of leasehold rights in immovable property. The court clarified that such assignments are considered a transfer of immovable property, which falls outside the scope of GST. [Read more](https://acuitylaw.co.in/assignment-of-leasehold-rights-in-an-immovable-property-gst-not-leviable/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/04/closeup-hand-signing-paper-workspace_53876-31566-e1759819552322.jpg)](https://acuitylaw.co.in/compulsorily-convertible-debentures-whether-debt-or-equity/) April 9, 2024 ### [Compulsorily Convertible Debentures: Whether debt or equity?](https://acuitylaw.co.in/compulsorily-convertible-debentures-whether-debt-or-equity/) Compulsorily Convertible Debentures (CCDs), a hybrid instrument, has gained prominence in the last two decades. However, its classification as equity or debt has been the subject of discussions, mainly due to conflicting perspectives under different laws. This initial divergence surfaced from the framework of guidelines under the Foreign Exchange Management Act, 1999 (FEMA), which deemed… [Read more](https://acuitylaw.co.in/compulsorily-convertible-debentures-whether-debt-or-equity/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Untitleddesign42.png)](https://acuitylaw.co.in/constitutional-validity-of-arrest-provisions-under-customs-law-gst-law/) April 11, 2025 ### [Constitutional Validity of Arrest Provisions Under Customs Law & GST Law](https://acuitylaw.co.in/constitutional-validity-of-arrest-provisions-under-customs-law-gst-law/) The Supreme Court in the case of Radhika Agarwal v. Union of India has rejected the challenge to the constitutional validity of arrest provisions under the Customs Act, 1962 and Central Goods and Services Act, 2017. The Court has upheld the right of the authorized officers to arrest under the Customs Act and the GST Act. [Read more](https://acuitylaw.co.in/constitutional-validity-of-arrest-provisions-under-customs-law-gst-law/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Acuity-thhumbnial-8.png)](https://acuitylaw.co.in/delhi-high-court-gst-judgment-a-game-changer-for-regulatory-commissions/) February 14, 2025 ### [Delhi High Court GST Judgment: A Game-Changer for Regulatory Commissions!](https://acuitylaw.co.in/delhi-high-court-gst-judgment-a-game-changer-for-regulatory-commissions/) The Delhi High Court ruled that fees collected by the Central Electricity Regulatory Commission and Delhi Electricity Regulatory Commission for regulatory functions are not subject to GST. The court emphasized that these commissions, performing statutory duties, are not engaged in business activities, and their fee collections are not considered a commercial supply of services. [Read more](https://acuitylaw.co.in/delhi-high-court-gst-judgment-a-game-changer-for-regulatory-commissions/) [![](https://acuitylaw.co.in/wp-content/uploads/2025/04/Untitled-design.png)](https://acuitylaw.co.in/gifts-gone-wrong-rbi-cracks-down-on-hnis-offshore-transfers/) June 11, 2025 ### [Gifts gone wrong: RBI cracks down on HNIs’ offshore transfers ](https://acuitylaw.co.in/gifts-gone-wrong-rbi-cracks-down-on-hnis-offshore-transfers/) In today's globalized economy, outward remittances by Indian residents play a vital role in facilitating financial support for family members abroad, covering education and medical expenses and fulfilling personal and professional needs. These transactions, while beneficial in nature, are regulated under the Foreign Exchange Management Act, 1999 and regulations thereunder (FEMA) to ensure transparency, accountability… [Read more](https://acuitylaw.co.in/gifts-gone-wrong-rbi-cracks-down-on-hnis-offshore-transfers/) [![](https://acuitylaw.co.in/wp-content/uploads/2026/02/pexels-kampus-8636591-1024x684.jpg)](https://acuitylaw.co.in/gst-2-0-reforms/) February 6, 2026 ### [GST 2.0 Reforms](https://acuitylaw.co.in/gst-2-0-reforms/) The 56th Goods and Services Tax Council (“GST Council”) meeting unveiled GST 2.0 reforms with the aim of making the tax structure more citizen-friendly and further improvise agriculture, health and manufacturing. The reforms were related to (1) GST rate reduction and (2) Process reforms for facilitation of trade including a simplified two-tier slab system (merit rate of 5%… [Read more](https://acuitylaw.co.in/gst-2-0-reforms/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/gst.png)](https://acuitylaw.co.in/gst-circular-on-taxability-of-liquidated-damages-is-it-really-clarificatory/) August 9, 2022 ### [GST circular on taxability of Liquidated damages – Is it really clarificatory?](https://acuitylaw.co.in/gst-circular-on-taxability-of-liquidated-damages-is-it-really-clarificatory/) Recently, the Tax Research Unit of the Ministry of Finance, Department of Revenue (TRU) has issued a clarificatory circular1 (Circular) on taxability of ‘liquidated damages’, and other payments in the nature of compensation, penalty, cancellation charges arising out of a breach of contract, under the Central Goods and Services Tax Act (CGST Act).Specifically, the Circular examines applicability of CGST on… [Read more](https://acuitylaw.co.in/gst-circular-on-taxability-of-liquidated-damages-is-it-really-clarificatory/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Untitled-1-7.jpg)](https://acuitylaw.co.in/gst-on-liquidated-damages-the-controversy-continues/) April 20, 2023 ### [GST on liquidated damages – the controversy continues](https://acuitylaw.co.in/gst-on-liquidated-damages-the-controversy-continues/) A clarificatory circular[1] dated 03 August 2022 (‘Circular’) was issued by the Indian Tax Authorities inter alia on applicability of Goods and Services Tax (‘GST’) on ‘liquidated damages’. It was expected that the Circular would put to rest the ongoing litigation and uncertainty around taxability of liquidated damages. The Circular had explicitly mentioned (along with… [Read more](https://acuitylaw.co.in/gst-on-liquidated-damages-the-controversy-continues/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/GST-1.jpg)](https://acuitylaw.co.in/gst-on-secondment-of-expats-instruction-no-05-2023-gst-dated-13-december-2023/) December 14, 2023 ### [GST on secondment of expats – Instruction No 05/2023-GST dated 13 December 2023](https://acuitylaw.co.in/gst-on-secondment-of-expats-instruction-no-05-2023-gst-dated-13-december-2023/) GST on secondment of expats – Instruction No 05/2023-GST dated 13 December 2023 Applicability of Goods and Services Tax (‘GST’) on secondment/ deputation/ loaning of employees/ expats is a burning issue in India, resulting in issuance of show cause notices to several multinational companies operating in India.  The heightened investigation by the GST authorities in… [Read more](https://acuitylaw.co.in/gst-on-secondment-of-expats-instruction-no-05-2023-gst-dated-13-december-2023/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Acuity-thhumbnial-8.png)](https://acuitylaw.co.in/gst-transitional-credit-end-of-a-five-year-protracted-litigation/) August 1, 2022 ### [GST transitional credit- End of a five- year protracted litigation](https://acuitylaw.co.in/gst-transitional-credit-end-of-a-five-year-protracted-litigation/) A strenuous tussle between the Government of India and the taxpayers has come to an end. With the ruling of Supreme Court in Union of India & Anr vs Filco Trade Centre Pvt Lts & Anr[1], the Hon’ble Apex Court has put to rest the long pending issue of transitional credit under the new GST… [Read more](https://acuitylaw.co.in/gst-transitional-credit-end-of-a-five-year-protracted-litigation/) [![GST Update: Circulars issued post the 54th GST Council Recommendations](https://acuitylaw.co.in/wp-content/uploads/2024/02/GST.jpg)](https://acuitylaw.co.in/gst-circulars-54th-gst-council-recommendations/) September 19, 2024 ### [GST Update: Circulars issued post the 54th GST Council Recommendations](https://acuitylaw.co.in/gst-circulars-54th-gst-council-recommendations/) Pursuant to recommendations of the 54th GST Council meeting held on 9 September 2024, the Central Board of Indirect Taxes and Customs has issued various clarificatory circulars. We have summarized the circulars and explained the clarifications which should put to rest certain ambiguities faced by the industry. [Read more](https://acuitylaw.co.in/gst-circulars-54th-gst-council-recommendations/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Acuity-thumbnail-19.png)](https://acuitylaw.co.in/india-union-budget-2023-24-key-tax-proposals/) February 7, 2023 ### [India Union Budget 2023-24: Key Tax Proposals](https://acuitylaw.co.in/india-union-budget-2023-24-key-tax-proposals/) The Honourable Finance Minister of India presented the Union Budget 2023-24 on 01 February, 2023.  Solidifying the vision of “Make in India” and “Atmanirbhar Bharat”, the budget proposals include various measures from a tax perspective to provide necessary impetus to both individuals and corporates. We are pleased to share a summary of the key budget… [Read more](https://acuitylaw.co.in/india-union-budget-2023-24-key-tax-proposals/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/3.png)](https://acuitylaw.co.in/note-on-carotar/) May 19, 2021 ### [Note on CAROTAR](https://acuitylaw.co.in/note-on-carotar/) We have prepared a detailed write-up on the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (‘CAROTAR 2020’), which provides an understanding, features and way forward as applicable to Indian importers and exporters. [Read more](https://acuitylaw.co.in/note-on-carotar/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/1.png)](https://acuitylaw.co.in/note-on-rodtep-scheme/) May 19, 2021 ### [Note on RoDTEP Scheme](https://acuitylaw.co.in/note-on-rodtep-scheme/) We have prepared a detailed write-up on Remission of Duties and Taxes on Export Products Scheme’ (“RoDTEP”), which provides an understanding, features and way forward as applicable to Indian exporters.   [Read more](https://acuitylaw.co.in/note-on-rodtep-scheme/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/2_ANGEL2BTAX2BIN2BINDIA2B252812529.jpg)](https://acuitylaw.co.in/nris-potential-tax-benefit-the-india-singapore-capital-gains-perspective/) June 5, 2025 ### [NRIs & Potential Tax Benefit: The India-Singapore capital gains perspective ](https://acuitylaw.co.in/nris-potential-tax-benefit-the-india-singapore-capital-gains-perspective/) India’s dynamic and rapidly growing economy, supported by a robust capital market, continues to attract Non-Resident Indians (NRIs) seeking to diversify their portfolios and participate in the country’s growth story. Indian equities and mutual funds present compelling long-term wealth creation opportunities, backed by a strong regulatory framework, accelerating digitization and the increasing global visibility of… [Read more](https://acuitylaw.co.in/nris-potential-tax-benefit-the-india-singapore-capital-gains-perspective/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Untitled-design-15.png)](https://acuitylaw.co.in/online-gaming-in-india-the-gst-conundrum/) May 6, 2022 ### [Online Gaming in India – The GST Conundrum](https://acuitylaw.co.in/online-gaming-in-india-the-gst-conundrum/) Applicability of indirect taxes on betting, lottery, casinos, online gaming have been a matter of dispute since the service tax era, and now continuing in the Goods and Services Tax (GST) regime. The issue of whether these can be classified as ‘game of chance’ or ‘game of skill’ has been settled by the Indian Courts… [Read more](https://acuitylaw.co.in/online-gaming-in-india-the-gst-conundrum/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Taxes.jpg)](https://acuitylaw.co.in/permanent-establishment-an-independent-taxable-entity-distinct-from-the-global-entity/) January 14, 2025 ### [Permanent Establishment – An independent taxable entity distinct from the global entity](https://acuitylaw.co.in/permanent-establishment-an-independent-taxable-entity-distinct-from-the-global-entity/) Recently, the full bench of Hon’ble Delhi High Court in the case of Hyatt International Southwest Asia Ltd. v. ADIT has dealt with issue of taxability of profit attributable to a permanent establishment, when the enterprise at the global level is incurring losses. [Read more](https://acuitylaw.co.in/permanent-establishment-an-independent-taxable-entity-distinct-from-the-global-entity/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/07/PLI-Scheme-16-12-2022-e1721122745389.jpg)](https://acuitylaw.co.in/production-linked-incentive-scheme-for-white-goods-application-window-reopened/) July 16, 2024 ### [Production Linked Incentive Scheme for white goods – application window reopened](https://acuitylaw.co.in/production-linked-incentive-scheme-for-white-goods-application-window-reopened/) The Indian Government had approved a Production Linked Incentive (PLI) scheme for White Goods (PLIWG Scheme) on 07 April 2021, as part of the ambitious ‘Atmanirbhar Bharat’ initiative. PLIWG Scheme has been designed to create a holistic component ecosystem for Air Conditioners (ACs) and LED lights industry and make India an integral part of the… [Read more](https://acuitylaw.co.in/production-linked-incentive-scheme-for-white-goods-application-window-reopened/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Taxes.jpg)](https://acuitylaw.co.in/reverse-flipping-an-overview-of-the-legal-tax-and-regulatory-regime-in-india/) December 16, 2024 ### [Reverse Flipping – An Overview of the Legal, Tax and Regulatory Regime in India](https://acuitylaw.co.in/reverse-flipping-an-overview-of-the-legal-tax-and-regulatory-regime-in-india/) The phenomenon of ‘reverse flipping’ is gaining momentum among Indian-origin start-ups. This update examines the two main structures for achieving reverse flipping — Inbound Mergers and Share Swap Transactions, along with the associated legal, regulatory, and tax implications.  [Read more](https://acuitylaw.co.in/reverse-flipping-an-overview-of-the-legal-tax-and-regulatory-regime-in-india/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Acuitylaw.png)](https://acuitylaw.co.in/vehicle-scrapping-policy-impact-on-indias-auto-industry/) October 22, 2021 ### [Vehicle Scrapping Policy: Impact on India’s Auto Industry](https://acuitylaw.co.in/vehicle-scrapping-policy-impact-on-indias-auto-industry/) This article briefly explains the Vehicle Scrappage Policy and its impact on the Indian auto industry. [Read more](https://acuitylaw.co.in/vehicle-scrapping-policy-impact-on-indias-auto-industry/) [![](https://acuitylaw.co.in/wp-content/uploads/2024/02/Acuity-thhumbnial-13.png)](https://acuitylaw.co.in/union-budget-2026/) February 2, 2026 ### [Union Budget 2026](https://acuitylaw.co.in/union-budget-2026/) Introduction The Government of India announced the Union Budget 2026 on 1 February 2026 (“Budget 2026”).  Budget 2026 primarily has a theme of maintaining stability, fiscal discipline, sustained growth and moderate inflation. It focuses on structural reforms aimed at enhancing ease of doing business, attracting foreign investment, and strengthening key sectors/industries. Further, it aims at building… [Read more](https://acuitylaw.co.in/union-budget-2026/) --- ## Acuity Law - Website: https://acuitylaw.co.in - Contact: richagotech@gmail.com