The Central Board of Indirect Taxes and Customs (CBIC) has clarified that whenever electricity is being supplied bundled with renting of immovable property and/or maintenance of premises it forms a.
Some experts say they do not see any material change from the GST standpoint post the CBIC clarification. However, in instances relating to renting of commercial spaces, if the electricity is being charged on a cost to cost basis (with adequate justification), then a position may be taken to not levy GST on such amount
The Central Board of Indirect Taxes and Customs on Tuesday issued a circular on the applicability of GST on reimbursement of electricity charges received by real estate companies, malls, and airport operators from their lessees or tenants. | Latest News India
A report by the United Nations University warns that the northwestern region of India, particularly Punjab and Haryana, is at risk of experiencing critically low groundwater availability by 2025. The report highlights the overexploitation of groundwater for agriculture, with 78% of wells in Punjab considered overexploited. It emphasizes the need for reducing emissions and adopting a more holistic approach to farming and water management to prevent irreversible damage to ecosystems and catastrophic impacts.