Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Benefit of exemption from GST - educational institution or not - The court scrutinized the applicability of GST on four categories of services: (a) Conduct of entrance exams like NEET. (b) Awarding of qualifications like Diplomate of National Board (DNB) and Fellow of National Board (FNB). (c) Conducting screening tests for foreign medical graduates. (d) Accreditation services to institutions. - The court found that for conducting NEET and other entrance exams, as well as for awarding DNB and FNB qualifications, the petitioner qualifies for GST exemption. However, for screening tests and accreditation services, the court held that these do not fall under the exempt categories as they are not direct educational activities or services provided directly to students.
Benefit of exemption from GST - educational institution or not - The court scrutinized the applicability of GST on four categories of services: (a) Conduct of entrance exams like NEET. (b) Awarding of qualifications like Diplomate of National Board (DNB) and Fellow of National Board (FNB). (c) Conducting screening tests for foreign medical graduates. (d) Accreditation services to institutions. - The court found that for conducting NEET and other entrance exams, as well as for awarding DNB and FNB qualifications, the petitioner qualifies for GST exemption. However, for screening tests and accreditation services, the court held that these do not fall under the exempt categories as they are not direct educational activities or services provided directly to students.
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