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  • “Vouchers” does not fall under the ambit of goods or services, will not attract ITC: AAAR

Latest and what’s trending in the legal world of Business.

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04/03/2023, 7 months ago

“Vouchers” does not fall under the ambit of goods or services, will not attract ITC: AAAR

The Karnataka Appellate Authority of Advance Ruling (AAAR), in the case of Myntra Designs Private Limited modified the decision of AAR, has observed, “input tax credit (ITC) is not available on the vouchers and subscription packages procured by Myntra from third-party vendors.” They relied on the judgement of the Karnataka High Court in the case […]

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27/02/2023, 7 months ago

Mere asking of statement/ ledger from operational creditor, not admission of claim: NCLT Indore

The National Company Law Tribunal (Indore),  in the case of Oswal Pumps Limited v Bhopal Tractors Private Limited, held that “ if a Corporate Debtor merely requests statements or ledger from the Operational Creditor for verification, then the such act would not amount to an admission of claim and would not renew the limitation period.” […]

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25/02/2023, 7 months ago

Bouquet made with dry parts of plants, foliage, and branches of plant outside the ambit of GST: AAR

The West Bengal Authority of the Advance Ruling (AAR), in the case of re Shopinshop Franchise Pvt. Ltd., observed that a “Bouquet made with dry parts of plants, such as foliage, flower buds, grasses, and branches of plants, will not fall under the ambit of Goods and Services Tax (GST).

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23/02/2023, 7 months ago

NSE to Launch Social Stock Exchange: SEBI Affirms

“To bring in awareness, we have been conducting various events and hand-holding social enterprises currently at various stages of onboarding on the exchange,” NSE MD and CEO Ashishkumar Chauhan said. On Thursday, SEBI gave its final approval to NSEA for launching Social Stock Exchange Exchange (SSE), as a separate segment on its platform.  The Social […]

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17/02/2023, 7 months ago

No Service Tax on Packaged and Take Away Food : CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), while hearing the Appeal in the case of Haldiram Marketing Pvt Ltd v. Commissioner, Central Goods & Service Tax, held that service tax cannot be levied upon packaged/ take away food items, as it would only amount to sale and not rendering of any services. The […]

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16/02/2023, 7 months ago

Delhi High Court rules KFC does not hold exclusive rights over ‘Chicken’ as a trademark

“The ideal trademark is one that is pushed to its utmost limits in terms of abstraction and ambiguity, yet is still readable. Trademarks are usually metaphors of one kind or another and are, in a certain sense, thinking made visible.” – Saul Bass Delhi High Court while hearing an appeal in the case of Kentucky […]

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16/02/2023, 7 months ago

Delhi High Court recognizes Hermes’ ‘H’ logo as well-known trademark

A well-known trade mark has been mentioned under section 2(1)(zg) of the Trade Mark act 1999 . When any mark becomes so notable in public use in relation to goods or services it is recognized as a well-known trade mark. But as trade and commerce of the world are increasing and getting connected through digital […]

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15/02/2023, 7 months ago

The Tussle between Google and Epic Games Continues: Violation of India’s Antitrust Regulations

“While the law of competition may be sometimes hard for the individual, it is best for the race, because it ensures the survival of the fittest in every department.” – Andrew Carneige The tussle between Epic games and Google started way back in the U.S., wherein the biggest gaming giant on August 2020, approached the […]

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15/02/2023, 7 months ago

Hindenburg Report : Supreme Court Agrees To Hear Congress Leader’s Plea For Probe Against Adani Group

A US-based Hindenburg Research report has turned the continuous rising bull of Adani shares into perpetual bearish mode on the Indian stock market which plateaued Gautam Adani’s wealth below $100 billion and Adani is no longer in the list of the top ten wealthiest people in the world. And Retail investor has lost over 10 […]

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