Circulars

CBIC issued a circular to  clarifies the ITC obtained by electronic commerce operators when services mentioned in Section 9(5) of the CGST Act, 2017, are offered through their platform.

CBIC issued Clarification on ITC availed by E-Commerce Operators u/s 9(5) of CGST Act

As per the Ministry of Education's Unified District Information System for Education (UDISE) report, there is a reduction in the number of school enrolments by 37 lakh for the year 2023-24

The Decline in School Admissions: School Enrollment Drops by 37 Lakh in 2023-24

CBIC has issued clarification to clarify the place of supply for online services provided to unregistered recipients.

CBIC issued Clarification on Place of Supply for Online Services by the Supplier to Unregistered Recipients [Read Circular]

CBIC recently issued clarification that provided insights into the GST treatment of transactions involving vouchers.

CBIC issued clarification says no GST applicable on Pre-paid Gift Vouchers and Cards [Read Circular]

News

The Gross Goods and Services Tax (GST) collection of India in December 2024 increased to Rs.1.77 lakh crore, compared to Rs.1.65 lakh crore in December 2023.

GST collections increased 7.3% YoY to Rs.1.77 lakh crore in December 2024

Buying luxurious goods like as Branded Handbags and watches, and so on will attract TCS w.e.f. 1st Jan if the cost of the luxury goods exceeds Rs.10 lakh.

TCS on Luxury Goods and Cars from 1st January 2025

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