Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Setback to EY: Professional Services for Assistance in Corporate Tax Return Filing not an Exempt Supply, rules AAR
Corporate ComplianceGSTIncome Tax
The Authority for Advance Rulings (AAR) ruled that professional services for assisting in corporate tax return filing do not qualify as an exempt supply under GST. This decision affects firms like Ernst & Young (EY), clarifying that such services are taxable and not exempt under GST laws. The ruling impacts tax advisory firms by affirming the taxability of their services, necessitating compliance with GST regulations.
