Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
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HC adjudicated the jurisdictional dispute regarding GST levy on university affiliation fees. The court determined that university's statutory affiliation activities do not constitute a commercial transaction under Section 7 of CGST Act. Fees collected for affiliation, PG registration, and convocation are regulatory in nature, lacking commercial intent, and therefore not amenable to GST. The court found no jurisdictional basis for the show cause notice, emphasizing that the university's primary educational function precludes treating incidental transactions as business activities. Consequently, the HC allowed the petition, invalidating the proposed GST demand on the university's regulatory fees.
HC adjudicated the jurisdictional dispute regarding GST levy on university affiliation fees. The court determined that university's statutory affiliation activities do not constitute a commercial transaction under Section 7 of CGST Act. Fees collected for affiliation, PG registration, and convocation are regulatory in nature, lacking commercial intent, and therefore not amenable to GST. The court found no jurisdictional basis for the show cause notice, emphasizing that the university's primary educational function precludes treating incidental transactions as business activities. Consequently, the HC allowed the petition, invalidating the proposed GST demand on the university's regulatory fees.
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