ITC claim on share buyback expenses
Case BriefsTribunals/Commissions/Regulatory Bodies

Reaffirming the principle that transactions in securities fall outside the ambit of GST, the Gujarat Appellate Authority for Advance Ruling held that ITC on share buyback expenses is inadmissible and must be reversed under Section 17(3) of the CGST Act, 2017.

India and UK Experience
Op EdsOP. ED.

by Aastha Suman* and Ishaan Sharma**

Telangana High Court
Case BriefsHigh Courts

The Court stated that due to the non-obstante clause in Chapter X-A i.e., the General Anti-Avoidance Rules (‘GAAR’), its provisions get an overriding effect over and above the other existing provisions of law.

AAR
Advance RulingsCase Briefs

    Gujarat Authority for Advance Ruling: In an application sought for advance ruling on the question that whether Goods and Services

Experts CornerTarun Jain (Tax Practitioner)

by Tarun Jain†

Cite as: 2021 SCC OnLine Blog Exp 9