Opportunity to respond to jurisdictional reports is mandatory before customs settlement duty enhancement; connected applications require consistent ad...
Specific customs headings for scaffolding components prevail over general classification, invalidating misclassification proceedings and enabling with...
Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
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In this case, the Advance Ruling Authority (AAR) addressed the issue of whether Uttarakhand Peyjal Sansadhan Vikas Evam Nirman Nigam (UK Peyjal Nigam) qualifies as a Local Authority u/s 2(69) of the GST Act. The AAR determined that UK Peyjal Nigam does not meet the criteria of a Local Authority as it does not have control over a municipal or local fund entrusted by the Government. However, it was established that UK Peyjal Nigam is a governmental authority based on its formation by the State legislature. Consequently, the reverse charge mechanism does not apply to UK Peyjal Nigam, and it is exempt from paying tax on the construction of an overhead water tank, as it is considered an activity related to functions entrusted to a Municipality & Panchayat under the Constitution of India. Thus, UK Peyjal Nigam is categorized as a "Governmental Authority" and is not eligible to claim Input Tax Credit (ITC).
In this case, the Advance Ruling Authority (AAR) addressed the issue of whether Uttarakhand Peyjal Sansadhan Vikas Evam Nirman Nigam (UK Peyjal Nigam) qualifies as a Local Authority u/s 2(69) of the GST Act. The AAR determined that UK Peyjal Nigam does not meet the criteria of a Local Authority as it does not have control over a municipal or local fund entrusted by the Government. However, it was established that UK Peyjal Nigam is a governmental authority based on its formation by the State legislature. Consequently, the reverse charge mechanism does not apply to UK Peyjal Nigam, and it is exempt from paying tax on the construction of an overhead water tank, as it is considered an activity related to functions entrusted to a Municipality & Panchayat under the Constitution of India. Thus, UK Peyjal Nigam is categorized as a "Governmental Authority" and is not eligible to claim Input Tax Credit (ITC).
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