Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
Universities qualify as educational institutions under paragraph 2(y)(ii) of Notification No. 12/2017-Central Tax (Rate) because they provide curriculum-based education leading to qualifications recognised by law and are empowered to prescribe curriculum, conduct examinations and award degrees. Services relating to the conduct of examinations were held to include ancillary and incidental activities with a direct and proximate nexus to the exam process. On that basis, printing of examination question papers supplied to universities was treated as an integral examination-related service and remained exempt from GST under Serial No. 66(b)(iv).
Universities qualify as educational institutions under paragraph 2(y)(ii) of Notification No. 12/2017-Central Tax (Rate) because they provide curriculum-based education leading to qualifications recognised by law and are empowered to prescribe curriculum, conduct examinations and award degrees. Services relating to the conduct of examinations were held to include ancillary and incidental activities with a direct and proximate nexus to the exam process. On that basis, printing of examination question papers supplied to universities was treated as an integral examination-related service and remained exempt from GST under Serial No. 66(b)(iv).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
