LatestIncome Tax 1 August 2026
No GST on Forest Clearance
The Authority for Advance Ruling has ruled that there will be no GST exemption on Compensatory Afforestation Fund Management and Planning Authority payments for forest clearance, a decision that may impact various companies and organizations, the Income Tax Appellate Tribunal has also ruled in favour of LG Electronics India in a tax case worth Rs 1,305 crore
The Authority for Advance Ruling has made a significant decision regarding GST exemption on Compensatory Afforestation Fund Management and Planning Authority (CAMPA) payments for forest clearance. *Key points* include:
- No GST exemption on CAMPA payments for forest clearance
- Decision may impact various companies and organizations
- Income Tax Appellate Tribunal has ruled in favour of LG Electronics India in a tax case worth Rs 1,305 crore.
The ruling is expected to have significant implications for businesses and organizations involved in forest clearance activities.
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