This podcast discusses the recent judgement by the Delhi High Court to restrain Best Crop Science LLP and NATCO Pharma Ltd. from launching Chlorantraniliprole (‘CTPR’). The court has declined permission to manufacture and sell CTPR during the pendency of the suit.

Audio Source: An article published on LKS website in October 2021 https://www.lakshmisri.com/insights/articles/patents-delhi-high-court-rules-on-disclosure-vis-a-vis-invalidity-on-ground-of-obviousness/#

Authors:  Malathi Lakshmikumaran, Executive Director (LKS), and Archana Viswanathan, Principal Associate (LKS)

Voice: Gunmeher Juneja, Principal Associate (LKS)

www.lakshmisri.com

This podcast talks about the amendments in tax residency law for NRIs/PIOs in India and describes the new concept of ‘Deemed Resident’. The podcast also discusses how individuals will be taxed during FY2021. 

Audio Source: An article published in The Economic Times in October 2021 https://economictimes.indiatimes.com/wealth/tax/how-nris-stuck-due-to-pandemic-will-be-taxed-in-india-for-fy-2020-21/articleshow/86966087.cms?from=mdr 

Authors:  S. Vasudevan, Executive Partner (LKS), and Bharathi Krishnaprasad, Joint Partner (LKS) 

Voice: Neelambera Sandeepan, Joint Partner (LKS) 

www.lakshmisri.com

This podcast discusses a recent case relating to the  Discount Control Policy (“DCP”) of a leading automobile manufacturer. The Competition Commission of India found the DCP to be anti-competitive and imposed a fine of INR 200 crore for violation of the Competition Act in August 2021. 

Audio Source: An article published on the LKS website in September 2021 https://www.lakshmisri.com/insights/articles/vertical-restraints-a-competition-analysis-of-car-dealer-discount-policy/#

Author:  Charanya Lakshmikumaran, Partner (LKS), Neelambera Sandeepan, Joint Partner (LKS), and Prathamesh Pareek, Associate (LKS)

Voice: Neelambera Sandeepan, Joint Partner (LKS)

www.lakshmisri.com 

This podcast discusses the numerous GST issues that may arise on the distribution of assets to a partner at the time of retirement from a partnership firm. It also highlights the relationship between a partner and the partnership firm and the nature of the transaction of asset distribution to the retiring partner. 

Audio Source: An article published on the LKS website in September 2021 https://www.lakshmisri.com/insights/articles/asset-distribution-on-retirement-of-partners-a-transaction-with-multiple-gst-issues/#

Author:  Arushi Jain, Principal Associate (LKS)

Voice: Gunmeher Juneja, Principal Associate (LKS)

www.lakshmisri.com

This podcast focuses on the Corporate Social Responsibility (CSR) activities undertaken or proposed to be undertaken by corporates, in order to meet their statutory obligations under the Companies Act, 2013, and also discusses exclusions as per the CSR policy rules.

Audio Source: An article published in the Legal Era in August 2021 https://www.legaleraonline.com/take-on-board/corporate-social-responsibility-exclusions-from-statutory-obligation-769695?infinitescroll=1

Authors:  Sudish Sharma, Executive Partner (LKS), and Apeksha Bansal, Principal Associate (LKS)

Voice: Sahana Rajkumar, Principal Associate (LKS)

www.lakshmisri.com

This weeks’ podcast discusses states' obligations to comply with GST Council recommendations.

Audio Source: An article published in the Indian Business Law Journal in September 2021 https://law.asia/goods-and-services-tax-council/

Authors:  Raghavan Ramabadran, Executive Partner (LKS), Rohan Muralidharan, Principal Associate (LKS), and Sahana Rajkumar, Principal Associate (LKS)

Voice: Sahana Rajkumar, Principal Associate (LKS)

www.lakshmisri.com

This week’s podcast discusses the recent amendments to the Income-tax Act which have nullified the retrospective levy on indirect transfer of assets situated in India and the reasons which necessitated these amendments. It also talks about their potential impact in boosting investor confidence in India by providing some much-needed tax certainty.   

Audio Source: An article published on the Business Today website in August 2021 https://www.businesstoday.in/opinion/columns/story/retro-tax-rollback-will-it-help-india-woo-foreign-investors-304762-2021-08-20  

Authors: S. Vasudevan, Executive Partner (LKS), and Tanmay Bhatnagar, Senior Associate (LKS)  

Voice: Neelambera Sandeepan, Joint Partner (LKS)  

www.lakshmisri.com

This podcast talks about the issues related to the taxability of annuity received by the concessionaries from the Government/NHAI in the execution of road projects. 

Audio Source: An article published on the Financial Express in July 2021 https://www.financialexpress.com/economy/gst-on-annuity-received-for-construction-of-roads-a-never-ending-chaos/2297660/

Authors: Satya Sai, Joint Partner (LKS), and Satish Gandla, Sr. Associate (LKS) 

Voice: Sahana Rajkumar, Principal Associate (LKS) 

www.lakshmisri.com  

Investing in cryptocurrencies has gained momentum since the last year in India and everyone is intrigued by what digital currency holds for them. This week’s podcast describes Methods of acquiring cryptocurrency, and the taxes chargeable on the income from cryptocurrency. 

Audio Source: An article published on the Tax India Online in August 2021 https://taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=41783 

Authors: Ravi Raghavan, Sr. Partner (LKS), Parvathy R. Kartha, Sr. Associate (LKS), and Laksh Manocha, Associate (LKS) 

Voice: Neelambera Sandeepan, Joint Partner (LKS) 

www.lakshmisri.com

This podcast describes the applicability of  ‘UAS Rules, 2021’ on drones and discusses the potential issues under the Goods & Services Tax Law. A draft and a simplified version of the UAS Rules have been made available in the public domain and the same will replace the existing UAS Rules, 2021 in the near future.   

Audio Source: An article published on the Legal Era in July 2021 https://www.legaleraonline.com/tax/rise-of-the-drones-potential-issues-under-the-gst-law-763763?infinitescroll=1 

Authors:  Lakshmi Ratna Kancherla, Joint Partner (LKS), and Mallows Priscilla P, Associate (LKS) 

Voice: Sahana Rajkumar, Principal Associate (LKS) 

www.lakshmisri.com