National Institute of Bank Management ., In re
Date: June 25, 2019
Subject Matter
Subscription paid by RBI towards certain expenses to National Institute of Bank Management (NIBM) for improvement of banking operations is taxable
Summary
Question 1:-Whether consideration paid as subscription or contribution towards recurring or capital expenses or reimbursement or by whatever name called to National Institute of Bank Management (NIBM); a society registered under Societies…
The present application has been filed under section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act”] by NATIONAL INSTITUTE OF BANK MANAGEMENT, the applicant, seeking an advance ruling in respect of the following question. 1. Whether consideration paid as subscrip…