The Online Gaming sector has seen multiple developments in tax policy and administration. Apart from judicial pronouncements, recent GST Council meetings have been abuzz with discussions on the GST implications of various activities such as lottery, casinos and online gaming.
The scheme of EOU has been in operation since last four decades. Further, separate enactment of SEZ law (in 2005) has been in operation since last one and half decade or so. Over a period of time, various amendments have been made in both the schemes i.e. EOU / SEZ by the Ministry of Commerce or Ministry of Finance, as the case may be.
The ‘COVID-19’ was declared a pandemic by the World Health Organization on 11th March 2020. Since then, the Central and State Governments have taken various measures to contain the spread of the virus in India. The Central Government has passed orders under the Disaster Management Act declaring a ‘lockdown’ throughout India from 25th March 2020 to 17th May 2020, with certain exemptions and relaxations from time to time.
A Single Judge of the Delhi High Court, in March 2020, examined whether trade secret protection can be granted to know-how with respect to a particular invention that has been patented outside India, in the case of Prof. Dr. Claudio de Simone &Anr. v. ActialFarmaceuticaSrl. (formerly known as CD Investment Srl.) &Ors. The Plaintiffs, Professor Dr. Claudio De Simone (Plaintiff no.1); and Next Gen Pharma India Pvt. Ltd.
As the country went into the lockdown, the authorities had a task of keeping supply chains of commodities like masks and sanitizers, active and running - the products essential in the country’s fight against the pandemic Covid-19. Further, the new-found demand for sanitizers and masks also initially led to an increase in their prices. Whereas, the availability of masks and sanitizers of right quality and right prices is essential in combating pandemic Covid19.
Venue : To be announced
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