Input Tax Credit can be Availed on Corporate Social Responsibility Expenses

24 ViewsThe Telangana AAR, in lieu of an application filed by M/s. Bambino Pasta Food Industries Private Limited, [TSAAR Order No.52/2022] ruled that Corporate Social Responsibility (“CSR”) expenditure for business is eligible for Input Tax Credit (“ITC”). Facts: M/s. Bambino Pasta Food Industries Private Limited, (“the Applicant”) is the manufacturer of Vermicelli and Pasta Products. […]

No GST on recoveries on account of Notice Pay, Bond Forfeiture, Canteen Charges, ID Cards replacement Liquidated Damages etc.

45 ViewsThe AAR, Haryana in the matter of M/s Rites Ltd. [Advance Ruling No. HR/ARL/19/2022-23 dated October 18, 2022], has passed a ruling on the taxability of amount collected or received or forfeited as Notice Pay Recovery, Bond forfeiture of contractual employees, canteen charges, recovery on account of loss or replacement of ID Cards, Liquidated […]

Nature of activity determines the GST rate, separately identifiable cost center activities cannot be termed as composite supplies

83 ViewsThe AAR, Karnataka in the matter of In Re: M/S. Hyundai Rotem Company [Advance Ruling No.- KAR ADRG 26/2022 dated August 12, 2022] held that the supplies made by all the Cost Centers of Delhi Metro Rail Corporation (“DMRC”) are not to be considered as a ‘composite supply’. Facts: M/s. Hyundai Rotem Company (“the […]

Central and State Board are considered as educational institutions for the purpose of conducting examinations

188 ViewsThe AAR, Karnataka in the matter of M/s. Karnataka Secondary Education Examination Board [Advance Ruling No. KAR ADRG 17/2022, dated July 01, 2022] has held that the Central and State Board are considered as educational institution for the purpose of conducting examination. Facts: M/s. Karnataka Secondary Education Examination Board (“the Applicant”) is an independent […]

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