Definition of Business – Text or Context? | Indirect Tax

by | Aug 20, 2021 | Articles

NITYA Tax Associates is proud to present their recent write-up in the ‘Article’ series on trending Indirect Tax issues. A gist of the next article in the series is as under:

Article 73 – “Definition of Business – Text or Context?”

The thought of business sets a context of profit in general parlance. However, time and again, Courts have been taking up this view of going up with the literal interpretation of the term ‘business’ and widening its scope. Gujarat High Court vide its recent verdict in case of Nagri Eye Research Foundation v. UOI, 2021-VIL-534-GUJ has gone beyond the soul of law to cover incidental or ancillary activities of a Charitable Trust under the purview of GST. The judgement has turned up as an affliction to Charitable Trusts and has unlocked doors to litigation.

 Through this article, our Associate Director, Mr. Gaurav Narula, Senior Associate, Ms. Lipika Rustgi and Executive Ms. Hetika have analysed the issue basis the recent decision of High Court, its applicability for other taxpayers and way forward.

Please click on the below link to read our latest article titled Definition of Business – Text or Context?”.

NITYA I Definition of Business – Text or Context I Indirect Tax I Article 73