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GST council's role only recommendatory, not binding, asserts Madras High Court

​​This decision is significant as it provides support to taxpayers facing GST demands solely based on council discussions or clarificatory circulars. However, the court highlighted that the government retains the authority to make changes, including adjustments to GST rates, through legal amendments or notifications.
Tamil Nadu Sunil Gabhawalla Pratik Jain Parle Agro Price Waterhouse Co Supreme Court

Unlocking the value of supply chain data across industries

The product shortages and supply-chain delays of the global covid-19 pandemic are still fresh memories. Consumers and industry are concerned that the next geopolitical climate event may have a similar impact. Against a backdrop of evolving regulations, these conditions mean manufacturers want to be prepared against short supplies, concerned customers, and weakened margins. For supply…
United States Siobhan Obara Global Trade Item Number Serial Shipping Container Codes Location Numbers Product Classification

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Stopping Just Short of the Kitchen Sink, USG Requires Licenses for Exports of Entire HTS Chapters to Russia | ArentFox Schiff

During the G7 meeting in Japan on May 19, 2023, the US Department of Commerce’s Bureau of Industry and Security (BIS) published two new rules aimed at further restricting Russia’s...
United States Avtonomna Respublika Russian Federation Arentfox Schiff National Wealth Fund Of The Russian Federation Certain Services

OFAC and U.S. Department of State Issue New Sanctions and Designates More Than 300 Russian Federation Individuals and Companies Aiding Russia's War Efforts | Husch Blackwell LLP

On Friday, May 19, 2023, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) announced the addition of more than 300 Russian Federation individuals and companies...
Volgogradskaya Oblast United Arab Emirates Belgorodskaya Oblast Saint Petersburg Sankt Peterburg United States

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