GST refunds for cancelled air tickets remain available when passenger reimbursements defeat unjust enrichment and credit-note adjustment is unavailabl...
Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Effective from 14 October 2026, InvIT regulations permit the issuance of depository receipts on InvIT units, subject to regulatory compliance and Board-specified procedures. Approval requirements for specified matters now require votes in favour of a resolution to constitute at least 75% of total votes cast, replacing the prior threshold based on unitholders by value. For related-party transactions, votes cast by related parties are excluded. Where a sponsor exits an InvIT with multiple sponsors, the outgoing sponsor, its sponsor group entities, or continuing sponsors and their sponsor group entities must offer dissenting unitholders an exit option by purchasing their units in the prescribed manner.
Effective from 14 October 2026, InvIT regulations permit the issuance of depository receipts on InvIT units, subject to regulatory compliance and Board-specified procedures. Approval requirements for specified matters now require votes in favour of a resolution to constitute at least 75% of total votes cast, replacing the prior threshold based on unitholders by value. For related-party transactions, votes cast by related parties are excluded. Where a sponsor exits an InvIT with multiple sponsors, the outgoing sponsor, its sponsor group entities, or continuing sponsors and their sponsor group entities must offer dissenting unitholders an exit option by purchasing their units in the prescribed manner.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
