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    SBS Wiki E Journal Nov 2019

    In this edition, we bring you to quite a few interesting articles.

    The introduction of GST laws in the country has been a success and the substantial credit in successful implementation and transition goes to GST Council. However, there are certain issues which the GST Council has to address at a great speed. One such issue is pertaining to the anti-profiteering. It is high time that an industry wise modus operandi has to be released by GST Council to determine whether profiteering exists or not in each case. In this edition, we have come up with anti-profiteering issues with respect to the real estate industry. We have only touched the tip of iceberg and lot more to be covered in that area which we wish to detail in our next editions.

    The other article is on the interpretation of phrases/expression which appear in double taxation avoidance arrangements and whether such interpretation should be ambulatory or static. We took up the recent ITAT Mumbai judgment, where the Honourable Bench dealt the said issues in a candid manner. 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.

    I am also glad to announce that we have launched our mobile app ‘SBS Connect’ on the eve of completion of 10 years. Now, Wiki and other resources can be accessed through ‘SBS Connect’. Please use ‘SBS Connect’ to stay connected with us .

    I also wish all of you in advance a merry Christmas and a Happy New Year!

    Key Topics:

    INTERNATIONAL TAXATION

    • INTERPRETATION OF ARTICLE 3(2) – SIGNIFICANCE OF PHRASE ‘TERM’

    GST

    • ANTI-PROFITEERING VIS -A-VIS REAL ESTATE SECTOR – PRACTICAL INSIGHTS
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