Author: Ashwarya Sharma, Advocate, Co-Founder & Legal Head, RB Law CorpDate: 07/05/2026 Introduction: Drawing the Line Between Compensation and Supply One of the recurring controversies under GST has been the attempt to treat compensatory payments arising out of contractual breaches as taxable supplies. Revenue authorities have frequently invoked Entry 5(e)…
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Decoding Classification Under Customs Law: The Supreme Court’s Masterclass in Welkin Foods
Author: Ashwarya Sharma, Advocate, Co-Founder & Legal Head, RB Law CorpDate: 29/04/2026 Introduction: When Classification Becomes a Matter of Principle Classification disputes under indirect tax laws are often viewed as technical exercises confined to tariff entries and competing headings. However, certain judicial pronouncements elevate this exercise into a structured and…
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‘Jo Vaada Kiya, Wo Nibhana Padega’ – Promissory Estoppel Reaffirmed: Supreme Court Reiterates the Rules of State Accountability
Author: Ashwarya Sharma, Advocate & Co-Founder, RB LawCorpDate: 16/01/2026 Supreme Court Reaffirms Binding Nature of Government Promises In IFGL Refractories Ltd. v. Orissa State Financial Corporation & Ors. (2026), the Supreme Court of India delivered a significant ruling reinforcing the doctrines of promissory estoppel and legitimate expectation, holding that the…
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Government Intervention and Corporate Governance
Introduction Corporate governance in India stands at the crossroads of autonomy and accountability. While the Companies Act, 2013 grants corporations the freedom to self-regulate, it also vests the Central Government with powers to intervene where public interest or fiduciary responsibility is at stake.Recent developments within the Tata Group have reignited…
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Supreme Court Restores JSW’s Resolution Plan in Bhushan Power Case: A Pragmatic Turn in IBCJurisprudence
Summary In a landmark judgment, the Supreme Court has reversed its earlier decision directing the liquidation of Bhushan Power & Steel Ltd. (BPSL) and restored the resolution plan submitted by JSW Steel. The review decision in Kalyani Transco v. Bhushan Power and Steel Ltd. & Ors. (2025-TIOLCORP-20-SC-IBC-LB) underscores a judicial…
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Transfer of Property and Taxability Revisited
Background The Supreme Court revisited the principles governing works contract taxation—particularly when property in goods is deemed to be transferred in the course of such contracts.The case involved printing of lottery tickets where the appellant used its own ink and chemicals on paper supplied by the customer. The key question:…
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The Sunset of Compensation Cess and the Road Ahead: A Policy, Federalism and Litigation Perspective
Background Introduced in 2017 to compensate States for GST revenue loss, the Compensation Cess expires on 22 September 2025. While the levy ends, huge unutilised input tax credit (ITC) balances remain in taxpayers’ ledgers, raising the crucial question—will these credits lapse, be refunded, or migrate into the regular GST chain? Constitutional…
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When Incentives Become Barriers: Supreme Court on Discriminatory Tax Notifications.
Background Key Legal Issue Petitioners’ Arguments State’s Arguments Supreme Court’s Findings Conclusion of the Court Landmark Judgments Referenced Key Takeaways This judgment strengthens constitutional discipline in fiscal policy and serves as a caution to States while framing tax incentives. To explore the complete analysis, read the full article here: https://vilgst.com/showiframe?V1Zaa1VsQlJQVDA9=TVRjMU5nPT0=&page=articles…
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8 Landmark Judgments in 8 Years: GST through the Lens of Supreme Court – Part II
Key Principles from the Supreme Court’s GST Jurisprudence Satyam Shivam Papers (2022) – Expiry of E-Way Bill Mohit Minerals (2022) – IGST on Ocean Freight (CIF Contracts) Skill Lotto Solutions (2020) – GST on Lotteries Radha Krishan Industries (2021) – Provisional Attachment under Sec 83 Tribunal’s & Court’s Broader Findings…