Maharashtra AAR rules Lear Automotive liable for GST on canteen & transport recoveries from employees; ITC denied on both services.
Maharashtra AAR rules Spicer India liable for GST on recoveries from employees for subsidized canteen & transport; ITC on transport denied.
Maharashtra AAR rules Epigeneres Biotech’s cancer diagnostic test is R&D, not exempt from GST as it lacks regulatory validation.
Maharashtra AAR rules nominal recoveries from employees for canteen & transport are taxable under GST; ITC denied citing restrictions & personal use.
RBI proposes unified guidelines for lending against gold jewellery and ornaments across banks, co-operatives, and NBFCs, focusing on conduct and risk.
RBI’s draft directions for securitisation of stressed assets, outlining eligibility, requirements for SPEs, Resolution Managers, investor norms, and disclosures.
RBI proposes comprehensive directions for non-fund based credit like guarantees and LCs across banks, co-operatives, NBFCs, focusing on appraisal and risk.
Summary of RBI’s draft directions on Co-Lending Arrangements (CLAs) for banks, AIFIs, and NBFCs, covering key aspects and disclosures.
Maharashtra AAR rejects Thane Municipal Transport Undertaking’s application seeking ruling on GST exemption applicability to their manpower and bus rental suppliers, stating it’s outside the scope of advance rulings.
Maharashtra AAR rules that renting a residential building to the Maharashtra Government for a backward class girls hostel is exempt from GST as it relates to functions entrusted to Panchayats/Municipalities. TDS not applicable.
