Legal Advisory

  What is GST? On July 1st, 2017, the Goods and Services Tax (GST) tax was introduced in India. It replaced various indirect taxes like service tax, central excise duty, value-added tax (VAT), etc. It aims to establish a common market for goods and services and simplify the tax structure. Under GST, taxes are subjected to the value-added at every stage of the supply chain, from the manufacturer to the retailer. It is a consumption-based tax, which signifies that it is applied only when a final consumer purchases a product or service. Goods and services are taxed based on the category they fall into. Basic necessities like food items, education, and healthcare services are taxed at a lower rate of 5% while luxury goods like cigarettes and aerated drinks are taxed at a higher rate of 28%. The GST has significantly affected various sectors of the economy. The tax rates real estate industry has been affected the most, as the tax rates have increased from 5.5% to 12% on under-constructi...

  Introduction  According to the Ministry of Environment, Forestry, and Climate Change of the Government of India, the Extended Producer Responsibility for Plastic Packaging needs to be authorized through the EPR portal CPCB, and for plastic packaging, the registration of PIBOs and PWPS in accordance with the EPR norms is mandatory.  For the Extended Producer Responsibility Plans, the registration of PIBOs and PWPs is processed through the portal. The applicant at the portal is asked for data related to plastic packaging sales, consumption, and procurement. The EPR target for the operational year is calculated using the data from the previous two years that will be submitted with the application. The provisions relating to the assessment of the number of recycled plastics for the use and reuse of plastic packaging, as well as the information relating to sales and procurement information based on the EPR target that shall be generated as per the regulation,  Let's exa...