articles
Regulatory
Legal and Financial Frameworks to Adopt for AI Risk Mitigation
16 September 2025
Implementing AI carries not just technical and ethical challenges, but also legal and financial risks. It’s crucial for organizations to proactively address these through proper frameworks. Below are key elements to consider
Regulatory
Salient Features Your AI Usage Policy Should Have
16 September 2025
An AI usage policy (or AI acceptable use policy) is a document that guides how employees and the organization will utilize AI tools and systems. It acts as a bridge between high-level governance principles and on-the-ground practice.
Regulatory
Acts and Laws to Keep in Mind Before Implementing AI
16 September 2025
The regulatory environment for AI is dynamic and varies by jurisdiction. Enterprises must navigate a combination of existing laws that apply to AI and new AI-specific regulations. Here are the key legal frameworks to consider
Regulatory
How Can Law Firms like LKS Help You in AI Implementation?
16 September 2025
Implementing AI in an enterprise is as much a legal and governance challenge as it is a technical one. Lakshmikumaran & Sridharan (LKS), as a leading full-service law firm in India with a keen focus on technology and innovation, is well-positioned to be your partner in this journey. Here’s how we can help
International Trade & WTO
Concept of ‘unforeseen developments’ in Safeguard law: A continuing requirement or a fading test?
15 September 2025
he article discusses the issue as to whether the WTO members remain obliged to demonstrate ‘unforeseen developments’ in order to invoke safeguard measures as per Article XIX of the General Agreement on Tariffs and Trade 1947, or whether the omission of this phrase from the WTO’s Agreement on Safeguards has effectively displaced this obligation.
Goods and Services Tax
From Soil to Solar: GST reforms to boost fertiliser industry and renewable energy sector
11 September 2025
The Indian fertilizer industry is on track to achieve self-sufficiency by 2032, supported by robust demand, government interventions, and now, major tax reforms.
Intellectual Property
Section 59 of the Patents Act – The journey so far
10 September 2025
This article examines how Indian courts have interpreted Section 59 through recent case laws. Focusing on six recent judgments that provide clarity and consistency in the interpretation of Section 59, it is stated that the evolving jurisprudence has gradually shaped the boundaries of what constitutes allowable modifications to claims and specifications.
Goods and Services Tax
Intermediary services: Exporters relief from artificial deeming provisions
10 September 2025
The article discusses the recent trade facilitation measures proposed by the GST Council is an amendment in the specific place of supply provisions for intermediary services under Section 13(8)(b) of the Integrated Goods and Servies Tax Act, 2017 (‘IGST Act’) deeming place of supply as the location of supplier i.e., India. This reform will provide the level playing field to Indian intermediaries competing with global market.
Corporate
RBI framework: Responsible and ethical enablement of Artificial Intelligence in financial sector
08 September 2025
The article highlights the significance of the RBI’s recent report on Framework for Responsible and Ethical Enablement of Artificial Intelligence, key recommendations of the Report, state of AI adoption and challenges, it’s impact on sectors such as MSMEs and Regulatory Technology, it’s treatment of outsourcing challenges in AI adoption and how the framework aligns with global regulatory approaches.
Corporate
Balancing Power and Protection: The National Sports Governance and Anti-Doping Bills, 2025
08 September 2025
The article aims to summarise the key provisions of the National Sports Governance Bill, 2025 and key amendments introduced by the National Anti-Doping (Amendment) Bill, 2025.
Goods and Services Tax
A bird’s eye view of India’s next gen tax reforms
05 September 2025
The article provides a comprehensive bird’s-eye view of the GST reforms that were unveiled just in time for Diwali. It also covers various open points which need clarification.
Goods and Services Tax
GST rate rationalization - Part 1: Provisions in India relevant for GST rate rationalization – GST Act, Legal Metrology, Drugs and Cosmetics, SOGA and other allied laws
03 September 2025
Part 1 discusses the provisions in India relevant for GST rate rationalization.
Goods and Services Tax
GST rate rationalization - Part 2: How anti-profiteering provision in India compares with provisions internationally
03 September 2025
Part 2 discusses some of the nuances adopted internationally at the time of GST implementation, specifically in Australia and Malaysia
Goods and Services Tax
GST rate rationalization - Part 3: Actions taken by anti-profiteering authority in the past, issues considered and decided by Delhi High Court
03 September 2025
Part 3 discusses the actions taken by the anti-profiteering authority (NAA) in the past and various issues dealt with in the Hon’ble Delhi High Court order.
Goods and Services Tax
GST rate rationalization - Part 4: Impact for B2C sector, dealing in pre-packaged products, along with checklist and implementation guide
03 September 2025
Part 4 discusses the challenges faced during such investigation and best practices to be adopted by companies in its response to rate reduction.
Goods and Services Tax
GST rate rationalization - Part 5: Impact for B2C sector, dealing in non-packaged products, along with checklist and implementation guide
03 September 2025
Part 5 discusses the best practices to be adopted by companies in response to rate reduction.
Goods and Services Tax
GST rate rationalization - Part 6: Impact for B2C services, B2B, B2G (Business to Govt.) sector, along with checklist and implementation guide
03 September 2025
Part 6 discusses the impact of rate reduction on service industries
Goods and Services Tax
Ride hailing tax dilemma: GST treatment still uncertain
29 August 2025
The article discusses GST liability on e-commerce platforms, specifically on cab aggregators. It for this purpose analyses various contrary decisions when the platforms use the subscription models.
Regulatory
OTR guidance documents: Clearing the haze
22 August 2025
The article discusses various recent guidelines for compliance of the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024.