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It was specified by the Central Board of Indirect Taxes and Customs (CBIC), vide circular no. 234/28/2024-GST dated 11 October 2024 that Goods and Services Tax (GST) is waived on approved flying training courses mandated by the Directorate General of Civil Aviation (DGCA) for the issuance of completion certificates. Various representations for the GST applicability […]
It was ruled by the Delhi High Court that GST exemption on foreign reinsurance services in respect to government insurance schemes applies with retrospective effect, from July 1, 2017, onwards. The same was under the fact that though the exemption was notified dated July 27, 2018, the government standardized GST obligation on these services in […]
In a decision by the GST council, the universities, and research centres established under the Central & State government Act or those claiming the income tax exemption would waived from filing GST on research funds. In the last meeting of the council the same ruling has been made that assures that these institutions would not […]
GST is not liable to get paid on consideration received towards ‘works contract service of construction’ executed in the Maldives, the Telangana High Court ruled. The bench of Justice Sujoy Paul and Justice Namavarapu Rajeshwar Rao has marked that the location of immovable property is located in the Maldives or outside India. Therefore, the place […]
It has been mentioned by the Tamil Nadu Authority for Advance Ruling (AAR) that health insurance services furnished via United India Insurance Company Limited to the Tamil Nadu State Government (TNSG) are waived from Goods and Services Tax (GST) under S.No.40 of Notification No.12/2017 Central Tax (Rate). It was quoted under the decision that reinsurance […]
The rent received from renting out the building to the Department of Social Welfare for running the boys’ hostel for the weaker section is waived from the GST (Goods and Services Tax), Karnataka Authority for Advance Rulings (KAAR) noted. The petitioner, K.A. Sujith Chandan, leased a building to the Department of Social Welfare, Government of […]
Goods and Services Tax ( GST ) Exemption Notification 04/2019 is not applicable for services of research and development supplied with the ‘Agro-Chemical’ Sector, Tamil Nadu Bench of the (AAR) Authority for Advance Rulings stated. It was stated by the authority bench that the place of supply stays u/s 13(3) of the IGST Act, 2017, […]
Supply of medicines, drugs, and consumables including food to furnish health care services to in-patients being treated in a hospital will be deemed as a composite supply under the GST system. Consequently, no GST shall be levied on it, Karnataka’s Authority for Advance Ruling (KAAR) stated. Spandana Pharma a Bengaluru-based company, went before AAR to […]
Indian Space Association (ISPA) asks for the GST exemption for the satellite firms and provides the tax holiday in the union Budget 2024-25 with a direction on improving the financials of the industry. “Extend the GST exemption to cover the manufacturing of satellites, launch vehicles, and ground equipment, along with a corresponding exemption on the […]
