Judgement

The GAAAR upheld the ruling of GAAR and rejected the revenue's appeal.

GAAAR Rejects Revenue's Appeal, Upholds ITC Eligibility on Capital Goods in Form of Electrical Equipment

The GAAAR rejected the appeal filed by the appellant and held that the company cannot claim ITC on expenses incurred for the buyback of its own shares.

No ITC on Share Buyback Expenses: Gujarat AAAR Upholds GAAR Ruling

The Authority for Advance Rulings (AAR) has clarified that GST is not applicable on the amount collected by employers from employees towards staff accommodation facilities. This ruling provides relief for organizations offering housing benefits to employees.

AAR Rules: No GST on Amount Recovered from Employees for Staff Accommodation

Press Release

GST changes that lower costs and boost competitiveness for Maharashtra’s businesses.

GST Reforms 2025: Boosting Maharashtra’s Economy Across Every Sector

State GST department raids across Gujarat uncover Rs. 80 crore tax evasion involving multiple companies and a Jamnagar-based CA.

State GST Dept Unearths Rs. 80 Crore Tax Scam in Jamnagar, CA at Centre of Massive Fake Billing Investigation

Articles

While the customers will benefit from the low-cost premium and from the GST reductions, the insurance industry will face high operating costs

Explore Our Blogs

GAAAR Rejects Revenue's Appeal, Upholds ITC Eligibility on Capital Goods in Form of Electrical Equipment

No ITC on Share Buyback Expenses: Gujarat AAAR Upholds GAAR Ruling

AAR Rules: No GST on Amount Recovered from Employees for Staff Accommodation

GST Reforms 2025: Boosting Maharashtra’s Economy Across Every Sector

State GST Dept Unearths Rs. 80 Crore Tax Scam in Jamnagar, CA at Centre of Massive Fake Billing Investigation

Insurers to Apply 18% GST on Agents' Commission to Offset Input Tax Credit Loss