Monday, October 19, 2020

Collecting money by IITMAA from its members and receiving donations, subsidies, budgetary support from IIT is considered as Supply of Services, says AAR [Read Order]

Collecting money - IITMAA - members - receiving donations - subsidies - budgetary support - IIT - Supply of Services - AAR - TaxscanThe Tamil Nadu Authority of Advance Ruling (AAR) ruled that collecting money by IITMAA from its members and receiving donations, subsidies, budgetary support from IIT is considered as Supply of Services. The applicant, IIT Madras Alumni Association is a non profit, umbrella association of persons collecting money from its members to meet expenses incurred towards […]

from Taxscan | Simplifying Tax Laws https://ift.tt/359swXK

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