Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Exemption from GST - pure services or supply of goods to the Notified Area Authority, Vapi - Notified Area Authority, Vapi is a “local authority” or “governmental authority”? - The court found that the Notified Area Authority, Vapi, does not qualify as a "local authority" or "governmental authority" under GST legislation. It noted that while the Authority performs municipal-like functions, it is established under the Gujarat Industrial Development Act and does not fulfill the criteria specified in GST laws for being treated as a municipal entity. The court acknowledged that the petitioner does provide "pure services" involving no supply of goods. However, since the services are rendered to an entity that does not qualify as a "local authority" or "governmental authority," these services cannot be exempt from GST.
Exemption from GST - pure services or supply of goods to the Notified Area Authority, Vapi - Notified Area Authority, Vapi is a “local authority” or “governmental authority”? - The court found that the Notified Area Authority, Vapi, does not qualify as a "local authority" or "governmental authority" under GST legislation. It noted that while the Authority performs municipal-like functions, it is established under the Gujarat Industrial Development Act and does not fulfill the criteria specified in GST laws for being treated as a municipal entity. The court acknowledged that the petitioner does provide "pure services" involving no supply of goods. However, since the services are rendered to an entity that does not qualify as a "local authority" or "governmental authority," these services cannot be exempt from GST.
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