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It is quite worrying to learn that an increase in electricity prices led to a decrease in ECG's revenue. This outcome does not come as a surprise. Like the effects observed in the taxation Laffer curve, the combination of raised electricity prices and the proposed 15% VAT on electricity charges will likely exacerbate ECG's financial difficulties. ....
The Supreme Court Bench comprising Justice Sanjiv Khanna and Justice S.V.N. Bhatti, has clarified that the dues of the Central Board of Indirect Taxes & Customs, Department of Revenue, will be paid as. ....
Treating the government as a secured creditor as the Court did in Rainbow Papers is contrary to the waterfall mechanism under the IBC and could have devastating economic consequences. ....