Latest Blogs from SBS and Company LLP

    SBS Wiki E Journal Jan 2021

    SBS Wiki E Journal Jan 2021

    In this edition, we bring you an article on indirect tax implications on mining rights. Majority of the readers would know that there was a reverse charge obligation on businesses for support services received from government. The tax authorities using this particular obligation has tried to fasten liabilities on mining rights taken by the businesses from the government. Whether a mining right can be called as a ‘tax’ or ‘consideration for service’ is currently pending before 9 member bench at Honourable Supreme Court. We have comprehensively discussed about the said issue pending the outcome of judgment.

    The next article is on domestic transfer pricing regulations. With the introduction of Section 115BAB, the said domestic transfer pricing regulations have come again to the surface. In this part, we have dealt with the basic overview of the domestic transfer pricing regulations and in the upcoming parts, we are going to take certain case studies for deliberation.

    I hope that you will have good time reading this edition and please do share your feedback. I will also urge clients to mail us topics or issues on which you want us to deliberate in our future editions, so that we can contribute to the same.

    Key Points:

    GST

    • COMPREHENSIVE ANALYSIS OF SERVICE TAX & GST IMPLICATIONS ON MINING RIGHTS

    INCOME TAX

    • DOMESTIC TRANSFER PRICING – A BIRD’S EYE VIEW
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