Circulars

News

CBIC has clarified that GST exemption is available to payment aggregators in relation to settlement of an amount, up to Rs. 2000 in a single transaction, transacted through credit card, debit card, charge card or other payment card services

GST Exempt on RBI regulated Payment Aggregators [Read Circular]

CBIC has clarified that DDA is not a local authority as per section 2(69) of the CGST Act, 2017

DDA not a local authority as per GST Act [Read Circular]

Notifications

The Institute of Chartered Accountants of India (ICAI) has notified Aggregation of LLPs Guidelines 2024 via issuing a Notification.

ICAI notifies Aggregation of LLPs Guidelines 2024 [Read Notification]

CBIC has clarified that NO GST on penal charges by banks and NBFCs in compliance with RBI directions dated 18.08.2023

NO GST on penal charges by banks and NBFCs [Read Circular]

CBIC has issued an important Circular on Regularizing payment of GST on RCM basis on renting of commercial property by an unregistered person to a registered person for taxpayers registered under composition levy.

GST on RCM on Renting of Commercial Property: Exemption to Composition Taxpayer on as is where is basis [Read Circular]

CBIC has issued a circular regularising GST Exemption on reinsurance and coinsurance commission for the period 07.2017 to 31.10.2024, on ‘as is where is’ basis.

CBIC exempts Reinsurance and Coinsurance from GST on as is where is basis [Read Circular]

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News