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India Business News: The Telangana State Authority for Advance Ruling (AAR) has ruled that AIIMS Telangana is not eligible for GST exemption on pure services received from vendors. This ruling has financial implications for the institution.
Hostel Facilities: On the same lines, as adopted earlier by the GST-AAR in other instances, notably, in the case of Bengaluru based Srisai Luxurious Stay and Noida based VS Institute and Hostel, the AAR held the provision of accommodation and services to be akin to that of a hostel or guest house which is subject to GST at 12%.
Orient Cement Ltd had approached the AAR seeking ruling in whether ITC can be claimed on distribution of gold coins and white goods to its dealers upon achieving a specified target fixed under the scheme.