Centre for Business Laws & Taxation
Rajiv Gandhi National University of Law, Punjab

~ by Skand K. Nath, National Law University, Delhi; and Tamraparni Prakhya, National Law University, Delhi Introduction The GST Council recently reduced the tax rate applicable to domestic Aircraft Maintenance Repair Overhaul [“MRO”] services from 18% to 5% for facilitating India’s role as a global MRO hub. On the contrary, the Indian Finance Act, 2023, doubled the rate of Fees for Technical Services [“FTS”] tax from 10% to 20%, imposing a heavy tax burden on offshore MRO ser

~ by Ms. Shriya Maini, an Advocate-on-Record at the Supreme Court of India, practising at her father’s chambers (Advocate Rajive Maini). She is a designated Professor of Practice at Lloyd Law College, Noida. A gold medalist from Gujarat National Law University and BCL (Oxford) graduate, she specialises in commercial litigation, regularly appearing in complex cross - border matters before the Supreme Court of India and High Courts. She has been assisted by two interns at her c

~By Srijan Solanki, National Law University, Delhi Imagine standing helplessly in front of your own company's half-finished tower as the foreign partner walks away with their share of the profits. According to India's FDI rules, such a scenario is not only legal but also, gradually, becoming the new normal. It means that a foreign investor can repatriate capital 3 years to the day after municipal approval, irrespective of whether the construction is 30% or 80% complete. The t