Indirect Tax & ​Foreign Trade Insights - Issue 01

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Foreword​

Dear Patrons,

It is with immense pleasure and pride that we present to you the inaugural edition of our newsletter, "Indirect Tax & Foreign Trade Insights," meticulously curated by the dedicated team at Sharp & Stellar. In a landscape where the tides of change in indirect taxes are as frequent as the weeks themselves, staying ahead of the curve is not just an advantage; it's a necessity. With this newsletter, we aim to be your compass in navigating the dynamic terrain of Goods and Services Tax, Customs Law, and Foreign Trade Policy.

Our commitment to you is reflected in the real-time updates we provide, ensuring that you are promptly informed of any introductions or modifications to the existing provisions – with a maximum gap of just a week.   In the ever-evolving tapestry of Indian indirect taxes, where each week brings forth new provisions, circulars, and litigation, we understand the significance of consolidating these changes into a comprehensive document. We aim to publish this newsletter on a weekly basis covering the updates of preceding week and issue a consolidated version at the inception of each succeeding month. This being the inaugural edition, covers the updates w.e.f. 01 December 2023 to 18 January 2024.

Divided into four sections, our newsletter begins with "Highlights," shedding light on the most significant changes affecting industries at large. Following this, we delve into the specifics of Goods and Services Tax, Customs, and Foreign Trade Policy, with each update accompanied by its source for your reference. The cover page is designed to be your quick reference guide for the upcoming important dates in the upcoming month / (s).

To craft this newsletter, our team follows a meticulous modus operandi, referencing notifications, circulars, trade notices, public notices, AARs, AAARs, press releases, GST council meetings, leading business dailies, and relevant Supreme Court and High Court cases. This exhaustive approach ensures that no change goes unnoticed, making this newsletter your go-to source for tracking updates in Indian Indirect Tax matters.​

Beyond mere reporting, we strive to provide you with insights that matter. Our team undergoes rigorous training to deliver not only cross-referenced and historically contextualized updates but also industry impact analyses. We believe that understanding the implications of these changes is just as crucial as being aware of them.

Looking ahead, we are excited to share that our firm is actively working on newsletters for direct tax and other Indian regulatory matters, all aimed at keeping you well-informed and prepared. We extend our heartfelt thanks for your patronage and invite your suggestions and feedback to enhance and refine this newsletter further, creating even more value for you and all our other esteemed clients.​

Wishing you a tax-compliant and successful month ahead!​

Yours truly ​

Faizan Ali Khan​