RBI

BNPL4

BNPL in India: A Convenient Solution with a Dark Side

In this post, the author addresses the exponential growth of India’s fintech sector, particularly highlighting the rise of Buy Now Pay Later (BNPL) services driven by a lack of specific regulatory frameworks. They elucidate how while some companies offering BNPL are under NBFC regulations, there’s a need for tailored guidelines to oversee and protect consumers engaging in BNPL transactions. The article further discusses the burgeoning concerns in India’s BNPL market, advocating for a more encompassing regulatory approach to mitigate issues like transparency, fraud, and data protection, aiming to bolster consumer confidence and legitimacy in these services.

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FC-TRS Form: Does It Need To Be Filed Even On Transfer Of Only Registered Ownership?

In this post, the authors aim to answer the question as to whether a FC-TRS form needs to be filed where a Non Resident Indian (NRI) transfers ‘registered’ ownership of certain shares to a resident Indian, without transferring ‘beneficial’ ownership of those shares.

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Taxation Cryptocurrency Bitcoin GST

Taxation of Cryptocurrency Under the GST Regime (Part III)

In Part III, which is the final part, the author has tried to categorize bitcoins into the pre-existing categories of money, service, and consideration. Further, while concluding this three-part blog, the author suggests how the legislature can clear the legal ambiguity surrounding bitcoins.

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Taxation Cryptocurrency Bitcoin GST

Taxation of Cryptocurrency Under the GST Regime (Part I)

In this three-part blog , the author analyses whether cryptocurrencies can be taxed under the GST regime in India.
In Part I, the author explains the nuances of Blockchain, Cryptocurrency, and Bitcoins and further analyses the approach of Indian Regulatory bodies with respect to these virtual currencies.

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