Myntra not eligible for ITC on gift vouchers sourced from third party, rules KAAAR

18 ViewsMyntra is not eligible for input tax credit (ITC) on the gift vouchers sourced from third party and made available to customers participating in loyalty program, Karnataka Appellate Authority for Advance Ruling (KAAAR) has upheld. Disposing an appeal filed by e-commerce retailer, Myntra, KAAAR said the primary condition for eligibility to the input-tax-credit (ITC) […]

5% GST for Covid vaccine at hospitals, rules AAAR

85 ViewsKrishna Institute of Medical Sciences, a multi-specialty hospital chain, has not succeeded in its appeal that the administration of Covid vaccine by hospitals would qualify as a ‘healthcare service’ and be exempt from GST. The Appellate Authority for Advance Rulings (AAAR) upheld an original ruling, against which an appeal had been filed and reconfirmed […]

Exemption not available to sub-contractor on services provided to educational institutions on behalf of main contractor

100 ViewsThe AAAR, Telangana in the matter of M/s Magnetic Infotech Private Limited [Order-in-Appeal No. AAAR/13/2022 dated November 22, 2022] has ruled that the sub-contractor is not entitled to claim Goods and Services Tax (“GST”) exemption on services provided to Educational Institutions on behalf of the main contractor under Notification No. 12/2017-Central Tax (Rate) dated […]

Medical Insurance premium for employees, pensioners and their family members are taxable under GST

117 ViewsThe Telangana State Appellate Authority for Advance Ruling (“TAAAR“) in the case of M/s. Hyderabad Metropolitan Water Supply and Sewerage Board (Order in Appeal No. AAAR/12/2022) upheld the ruling passed by Advance Ruling Authority (“the AAR”) of not providing the benefit of exemption under entry no. 3 of the Notification 12/2017-Central Tax (Rate) dated […]

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