SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
AAR held that the applicant qualifies as an "educational institution" under the relevant GST exemption notification, as it imparts structured education through prescribed curriculum, qualified faculty, and formal evaluation leading to diplomas recognized under Kerala Co-operative Law. The services rendered by the applicant to its students enrolled in HDC & BM and JDC courses constitute educational services provided by an educational institution to its students, faculty, and staff. Consequently, such supplies fall squarely within Entry 66(a) of the applicable exemption notification. The consideration received as course fees is therefore exempt from GST. AAR accordingly ruled that the applicant's educational services for these courses are fully GST-exempt.
AAR held that the applicant qualifies as an "educational institution" under the relevant GST exemption notification, as it imparts structured education through prescribed curriculum, qualified faculty, and formal evaluation leading to diplomas recognized under Kerala Co-operative Law. The services rendered by the applicant to its students enrolled in HDC & BM and JDC courses constitute educational services provided by an educational institution to its students, faculty, and staff. Consequently, such supplies fall squarely within Entry 66(a) of the applicable exemption notification. The consideration received as course fees is therefore exempt from GST. AAR accordingly ruled that the applicant's educational services for these courses are fully GST-exempt.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
