The Registrar of Companies levied maximum penalties under Section 12(8) after official letters were returned undelivered. Non-response to the show cause notice led to adjudication under Section 454.
The Authority held that even where actual land value is available through a sale deed, GST valuation must follow the deemed one-third deduction rule. The key takeaway is that actual land value cannot replace the statutory valuation mechanism.
The AAR held that advance ruling can be sought only for supplies made by the applicant. Since hostel services were provided by the tenant, the application was rejected as not maintainable.
The AAR closed the proceedings after the applicant withdrew the advance ruling application following a change in circumstances, without examining GST issues on merits.
The ruling holds that GST credit on construction inputs for a rental commercial property is blocked under Section 17(5)(d), even though rent is a taxable supply.
The authority held that corporate food aggregation involving logistics and quality control is a composite supply of services, not goods. As a result, GST at 18% applies under the residual service entry, while ITC is allowed.
The authority disposed of the application after the applicant sought withdrawal citing a temporary halt in the proposed expansion project. No ruling was given on ITC eligibility as the matter was not examined on merits.
The Authority held that classification under HSN and GST rate cannot be determined without precise details of goods or services. In the absence of such information, no ruling on classification was possible.
The RBI has proposed raising the aggregate ceiling on unsecured advances by Urban Co-operative Banks to 20% of total loans and advances. The draft also revises definitions, individual limits, and disclosure norms to strengthen risk management and transparency.
Draft 2026 Directions exempt eligible NBFCs below ₹1,000 crore from registration under Section 45IA. Strict conditions and disclosures will apply to Unregistered Type I NBFCs.
