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INSOLVENCY AND BANKRUPTCY BOARD OF INDIAMs. Kumudini Paranjape, In reDR. MUKULITA VIJAYAWARGIYA, MEMBERNO. IBBI/DC/75/2021AUGUST 9, 2021Section 208 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 7, of IBBI (Insolvency Professionals) Regulations, 2016 – Insolvency professionals – Functions and obligations of – Whether it…
Introduction Over the years, the number of conglomerates, amalgamations, related-party transactions, amongst others, have exponentially risen in India, due to which the interconnectedness between different corporate bodies has increased. This has led to significant challenges in situations wherein the holding company of such group lands…
The Tamil Nadu Authority of Advance Ruling (AAR) has ruled that 18% GST is payable on the transfer of lease rights. The applicant, India Pistons Ltd. stated that they were engaged in the manufacture of goods and was allotted 15.34 acres of land by the…
It is a well-established law that letting out of commercial properties is subject to GST, provided the basic exemption limit for registration is exceeded. However, the subject matter of litigation is the recovery of charges other than rent incurred by the landlord, viz. Reimbursement of…