Articles and Updates

• Phoenix Legal - 15-03-2018

Introduction of e-way bill system is a step under GST regime with an aim to ensure self-sustaining tax administration with increased reliance on self-reporting. A few states such as West Bengal, were already having their own e-way bill systems in place before introduction of Good and Services Tax (GST). However, GST has first time enabled uniform application of e-way bill system across India with a futuristic outlook, enabling the tax payers to report the movement of goods electronically, thus reducing the hold ups at check posts etc.

• Sudipto Dey - 19-02-2018

While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm

• Maulik Vyas - 31-01-2018

As a teenager, Sawant Singh found it hard to resist the glitz and glam surrounding the make-believe world of Bollywood, seeking to crave the spotlight. But, as he hit the 20s, the actor in him wanted to play the real life hero, cracking complex and challenging deals, which others could be wary of.

• Phoenix Legal - 02-01-2018

The Insolvency and Bankruptcy Code, 2016 (Code) was enacted for a time bound insolvency resolution process with the primary aim of rehabilitating financially distressed entities while at the same time maximizing the value of assets of the financially distressed entities. Since the enactment of the Code on May 11, 2016, the regional National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) have churned out a number of judicial decisions in a timely manner that have clarified the interpretation, operation and applicability of several key provisions of the Code.

• Phoenix Legal - 21-12-2017

Sometime back social media was abuzz with before and after pictures of invoices of some goods and services, showing price increase immediately after decrease in the rate of GST. This ripple was created when GST Council in its meeting held at Guwahati, reduced rate of GST on host of goods and services, including restaurant services.