We believe in empowering clients with knowledge. Through insightful seminars, webinars and trainings, we share our experience to help companies understand the ever-evolving legal landscape and issues that are shaping businesses globally.
To know more about the events listed below, you may send a mail to events@lakshmisri.com.
Virtual Webinar
The declared service of ‘agreeing to the obligation to refrain from an act or to tolerate an act or situation, or to do an act’ was first introduced in the service tax regime and the same has been specifically declared as a service under the GST regime as well. The scope and applicability of this entry on liquidated damages, compensation, late fee, penalty etc., has been a subject matter of debate and dispute since the beginning.
Know MoreChennai
It is commonplace for business entities to incentivize their stakeholders and partners such as dealers, distributors, or agents through different monetary and non-monetary ‘benefits or perquisites’. Discounts, gifts, free samples, sponsored travel packages etc. are some of the common illustrations of benefits and perquisites extended.
Know MoreVirtual Webinar
A new re-assessment regime has been introduced under the Income-tax Act, 1961 (‘Act’) with effect from 1st April 2021 bringing in sweeping changes in both law and practice. While the erstwhile scheme was founded upon the Assessing Officer’s “reason to believe” that income chargeable to tax has escaped assessment, the new regime is centered around robust information collection mechanism (including inter departmental communications) being developed by the CBDT.
Know MoreVirtual Webinar
The Supreme Court on 19th of May delivered two historic decisions, Union of India v. Mohit Minerals and Commissioner v. Northern Operating Systems. The decision in Mohit Minerals case holds that IGST is not payable by the importer on the ocean freight component when goods are being imported on CIF basis.
Know MoreVirtual Webinar
The Government of Telangana has introduced a ‘One Time Settlement Scheme’ vide Order No. G.O.Ms. No. 45 dated 9.5.2022 to settle the disputed tax under the legacy Acts such as Andhra Pradesh General Sales Tax Act, 1957, the Telangana Value Added Tax Act, 2005, the Central Sales Tax Act, 1956 and the Telangana Entry of the Goods into Local Areas Act, 2001.
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The Supreme Court in its recent judgment of Union of India v. Ashish Agarwal [Civil Appeal No 3005/2022, decision dated 4 May 2022], has sought to strike a balance between the amendments made by the Finance Act, 2021 to the scheme of re-assessment, and the extension of period of limitation by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Know MoreVirtual Webinar
The avowed objective of the Legal Metrology Act, 2009 is to protect the interest of consumers from the perspective of security and accuracy of weighments and measurements. In furtherance of the same, Legal Metrology Packaged Commodities Rules, 2011 inter alia mandates printing of specified declarations on commodities imported/manufactured and sold in pre-packaged form.
Know MoreVirtual Webinar
Since the time GST has been in force, w.e.f. 01.07.2017, there has been quite an amount of deliberation, debate and ambiguity on the aspects of “Input Service Distribution (ISD)” [which deals with distribution of input tax credits on input services] and “Cross charging” [which deals with provision of support services by one distinct person/related party to another distinct person/related party in terms of Schedule I of the CGST Act].
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L&S is delighted to present to you a special webinar on "Crypto Transactions – Analysis of Tax introduced in Union Budget 2022-23". The session shall be led by our eminent tax expert Mr. Badri Narayanan, Executive Partner who shall dwell upon the newly introduced tax implications and challenges surrounding the cryptocurrencies.
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The Union Finance Minister will be presenting the Union Budget 2022 on 1 February 2022. Lakshmikumaran & Sridharan, is organizing a webinar on “Budget 2022 – Decoding the Tax Proposals” on 2 February 2022 (Wednesday), from 04:30 pm to 06:00 pm to dissect and analyse the tax proposals and their possible impact on various stakeholders like manufacturers, service providers, traders, exporters, importers, etc.
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