We are happy to share the first part of The Great Legal Minds Show with Mr. Sanjay Hegde, Senior Advocate, Supreme Court of India hosted by Aman Abbas, Founder, LawWiser. He is also a big advocate of civil rights and also an expert on Constitution Law.
In the first part of the video, he talks about different aspects of the Indian constitution ranging from its history, constituent assembly, the manner in which it was formed and written, fundamental rights and their protection, right to freedom of religion and also stated that now there is more deepening engagement with the constitution.
The Government of India announced to give Esports a major boost by integrating it with mainline sports disciplines in the country. To learn more about this update watch this video Featuring Avani Shukla of LawWiser.
There has been a growing demand for Esports to be included in the curriculum of multi-discipline events after it was included in the 2018 Jakarta Asian Games as a demonstration sport, meaning medals won in the sport were not counted in the official overall medals tally.
The President of India, Droupadi Murmu, in exercise of the powers “conferred by clause (3) of article 77 of the Constitution” amended the rules governing Esports and asked the Ministry of Electronics and Information Technology and the Sports Ministry to include “e-Sports as part of multi-sports events”.
Preparations for the new year 2023 have already begun with the list of recommendations and expectations being released for the upcoming Budget 2023 by various industry associations. These recommendations and expectations are aimed towards providing a boost to growth in various sectors and industries. This is also the need of the hour for the economy to progress.
Watch on LawWiser what are some of these initial expectations from the budget 2023, which we cover in this part 2 of the video. In this video we cover the expectations of the Energy and Renewable Energy Sector:
– consider bringing petroleum products, electricity tariffs, and real estate under GST at some stage over the medium term.
-Provide PLI benefits to Wind Turbine (OEMs) and component manufacturing for the development of new megawatt size turbines
– Suitable amendments be made in Section 115BBG of the Act to ensure that the benefit is not restricted only to carbon credit units validated by the United Nations Framework on Climate Change.
– To define what constitutes the climate change sector under the Income-Tax Act, 1961, to clearly identify the types of sub-sectors or projects eligible for fiscal benefits.
Watch all this and much more in this video. Stay tuned for more such videos where we will be covering expectations of other sectors and industries from the upcoming budget.
As the year 2022 ends, preparations have already begun for the coming year of 2023. Among the foremost is the budget of 2023, the businesses, industries and various sectors have already started sharing recommendations and their expectations from the upcoming budget of 2023.
Watch on LawWiser what are some of these initial expectations from the budget 2023, which we cover in this part 1 of the video. In this video –
📍Startups are looking at appropriate relaxations on outbound mergers — where the merged entity is a foreign entity and does not enjoy the principle of tax neutrality — in the upcoming Budget.
Indian entities could not invest in foreign entities earlier if they had an India connection and RBI approval was needed for the same. The apex bank would look at requests for approvals on a case-to-case basis.
The new ODI norms permit transactions by Indian entities in foreign entities, provided they do not have more than two layers of subsidiaries, directly or indirectly. Investors can now make an overseas investment for less than a 10% stake in foreign companies without the need for a joint venture.
This year, the SEBI allowed outbound investments from Indian alternative investment funds or venture capital funds into foreign entities without an Indian connection. As Indian tech startups look at avenues to globalise their businesses and raise private and public funds outside India, flipping ownership structures may become more commonplace.
📍A new 2.0 version of the government’s production-linked incentive scheme (PLI) for the textile sector, focusing on small and medium enterprises (SMEs) is expected to be finalised early next year.
📍Industry body Assocham has recommended the extension of the production-linked incentive (PLI) schemes to more sectors in the upcoming union budget.
📍Among other pre-budget recommendations, the industry body said the government should increase the exemption limit for income tax to at least ₹5 lakh so that more disposable income is left in the hands of consumers and the economy gets a consumption boost and further leg-up in the recovery. Without accounting for rebates, the present exemption limit is ₹2.5 lakh for the assesses.
📍Tourism Sector: The first issue is taxation. There have been a lot of concerns about that, and have proposed some relaxations. The GST (Goods and Services Tax) on the industry is actually on the higher side when we compare it with the neighbouring countries.
Do you know about the amendment brought to the GST Regime in India? And about the 18% GST on House Rent?
Watch now, our latest video where Avani Shukla, Associate- content & collaborations will help us understand the amendment more in detail, the applicability and non-applicability of the regulation and much more.
In this video –
Do you know about the amendment brought to the GST Regime in India – It is regarding the Levy of 18% GST on House Rent.
So, let us understand what it is about –
The government has introduced a new GST regulation for ‘Renting of Residential Property.’ As per this amendment when a residential property is rented to a GST-registered person, he will be subjected to GST under the Reverse charge Mechanism.
In simple terms, a GST- registered tenant is required to pay GST at the rate of 18% when they rent a residential property. This will not depend on whether the landlord is GST registered or not.
Previously, residential properties were exempted from all taxes, regardless of whether the landlord or tenant is GST registered or not. In this amendment, the tax will be assessed using a reverse charge mechanism, rather than in a conventional manner. But what does the reverse charge mechanism mean? In the reverse charge mechanism, the tax obligations are imposed on the beneficiary of goods and services rather than the supplier of goods and services.
When does this regulation will not apply –
– When renting a residential home, tenants who are not registered for the GST are exempted from paying it.
– When renting a home, the salaried class person is exempted from these GST obligations.
If you want to know further details about Laws protecting tenants and homeowners, do watch our three-part series on renting laws where we talk about basic and specific laws that every tenant and landlord should know about.
Recently, the Supreme Court has given a landmark verdict, upholding the 10 percent reservation for the Economically weaker sections. In a 3:2 decision delivered by the bench on November 7th, 2022, declared that the 103rd Amendment and EWS Reservations were constitutionally valid.
Justices Maheshwari, Trivedi and Pardiwala wrote separate concurring opinions for the majority and Justice Bhat wrote a dissent on behalf of himself and Chief Justice U.U. Lalit.
Watch Now, Avani Shukla, Associate- Content & Collaborations, LawWiser to learn about the judgment in detail.
Whenever a person gets arrested the first thing that comes to one’s mind is bail. Bail refers to the provisional release of the accused in a criminal case in which the court is yet to announce the judgment.
The Constitution of India states that bail is the right of a person. Watch Now our latest video where Avani Shukla, Lawyer & Associate, LawWiser, will be talking about
– 1. Different types of bail – Regular, Interim and anticipatory bail
2. Conditions for the grant of bail in bailable and non-bailable offences