The Institute of Chartered Accountants of India (ICAI) is a "Governmental Authority" under Notification No. 25/2012-ST for services provided to various governmental and quasi-governmental authorities in Service Tax. - šļø CESTAT Ahmedabad in C.C.E. & S.T. Rajkot Vs Malani Construction Company
The CESTAT Ahmedabad upheld the exemption of service tax for Malani Construction Company under Notification No. 25/2012-ST for services provided to various governmental and quasi-governmental authorities:
šļø Institute of Chartered Accountants of India (ICAI): Recognized as a "Governmental Authority" as it operates under the Chartered Accountants Act, 1949 under the control of the Ministry of Corporate Affairs.
š Rajkot Municipal Corporation: Construction of community halls and auditoriums for public welfare is exempt as it serves non-commercial purposes.
š Gujarat Industrial Development Corporation (GIDC): Recognized as a "Governmental Authority" for its educational initiative in setting up an engineering college.
The court ruled that all services rendered to these entities are exempt from service tax, reinforcing the legal interpretation of "Governmental Authority" and the welfare intent behind such exemptions.
š Revenue's appeal dismissed; the exemption upheld!
I hope you will find this summary useful.
Warm Regards,
Abhishek Raja Ram