The reimbursement by Industry Partner to the applicant of the stipend paid to the trainees, does not attract tax under the GST Act.
Authority for Advance Ruling – GST on reimbursement – The applicant is a non Profit Company and its activities are Charitable having registration under Sec 12AA of Income Tax Act 1961. The applicant sought an Advance Ruling as to whether the reimbursement by Industry Partner to YAS of the stipend paid to students attracts GST; whether the reimbursement by Industry Partner to YAS of the insurance premium attracts GST; whether the reimbursement by Industry Partner to YAS of the expenses for uniform and safety shoes attracts GST. The applicant withdrew question nos. 2 and 3 during their oral submissions made on 27.07.2021 and have further confirmed the same vide their correspondence dated 28.07.2021.
Held that:- The Hon’ble Authority for Advance Ruling held that the reimbursement by Industry Partner to the applicant (YAS), of the stipend paid to the trainees, does not attract tax under the Act.
The reimbursement by Industry Partner to the applicant of the stipend paid to the trainees, does not attract tax under the GST Act.
Authority for Advance Ruling – GST on reimbursement – The applicant is a non Profit Company and its activities are Charitable having registration under Sec 12AA of Income Tax Act 1961. The applicant sought an Advance Ruling as to whether the reimbursement by Industry Partner to YAS of the stipend paid to students attracts GST; whether the reimbursement by Industry Partner to YAS of the insurance premium attracts GST; whether the reimbursement by Industry Partner to YAS of the expenses for uniform and safety shoes attracts GST. The applicant withdrew question nos. 2 and 3 during their oral submissions made on 27.07.2021 and have further confirmed the same vide their correspondence dated 28.07.2021.
Held that:- The Hon’ble Authority for Advance Ruling held that the reimbursement by Industry Partner to the applicant (YAS), of the stipend paid to the trainees, does not attract tax under the Act.