IMA created shell companies to sustain 'IMAGE' of charitable organisation, says GST notice

Thiruvananthapuram: The Director General of GST Intelligence (DGGI) issued a show-cause notice early this month to the Kerala branch of Indian Medical Association (IMA) saying that it was using shell companies to stash its profits from commercial activities and, thereby, preserve its status as a charitable organisation. The IMA has been registered under Section 12AA of Income Tax Act, 1961, as a c…