Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Sub-section (7) of section 11 is proposed to be amended to include reference of clauses (23EA), (23ED), and (46B) of section 10, enabling trusts under the second regime to claim exemption under these specific clauses. The amendment aims to rationalize provisions for charitable trusts and institutions by allowing them to choose provisions for claiming exemptions, making registration u/s 12AB operative or inoperative accordingly. The amendment will take effect from April 1, 2025.
Sub-section (7) of section 11 is proposed to be amended to include reference of clauses (23EA), (23ED), and (46B) of section 10, enabling trusts under the second regime to claim exemption under these specific clauses. The amendment aims to rationalize provisions for charitable trusts and institutions by allowing them to choose provisions for claiming exemptions, making registration u/s 12AB operative or inoperative accordingly. The amendment will take effect from April 1, 2025.
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