In this edition, we cover the second part of the taxation of gains arising from alienation of shares of Flipkart Singapore by Tiger Global Holdings. We also deal with the recent UK Supreme Court judgment in the matter of Martin Fowler and apply the rationale delivered therein to Indian context. This is also two part series and I urge everyone to read both the parts to comprehend the issue. We also deal in this edition, the most important part on the GST side which deals with the vires of Rule 117 which prescribes the time limit for availment of transitional credit. This is a three part series, which I urge everyone not to miss all the parts for better understanding of the issues.
I hope that you will have good time reading this edition and please do share your feedback. I will also urge clients to mail us topics or issues on which you want us to deliberate in our future editions, so that we can contribute to the same.
