Notifications

CBIC has notified the Rate of Compensation Cess reduced to 0.1% on Supplies to Merchant Exporters.

Rate of Compensation Cess reduced to 0.1% on Supplies to Merchant Exporters [GST Notification]

Notifications – Central Tax (Rate)

The Central Board of Indirect Taxes and Customs (CBIC) has notified that No GST RCM applicable on Sponsorship Services provided by body corporates.

CBIC removes RCM on Sponsorship Services provided by body corporates [Read Notification]

Articles

Hers are the Summary of GST Notifications issued on 16.01.2025, that implements the decision taken in the 55th GST Council Meeting.

Summary of GST Notifications issued on 16.01.2025

Notifications – Integrated Tax (Rate)

The Central Board of Indirect Taxes and Customs (CBIC) has notified the margin scheme wherein GST on old and used Vehicles increased to 18%.

Margin Scheme: GST on Old and Used Vehicles increased to 18%

The Central Board of Indirect Taxes and Customs (CBIC) has notified the exemption of GST on Gene Therapy via issuing a Notification.

CBIC exempts GST on Gene Therapy [Read Notification]

As recommended by GST Council Meeting, GST Notification has been issued to exclude taxpayers registered under composition levy scheme from reverse charge mechanism.

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Rate of Compensation Cess reduced to 0.1% on Supplies to Merchant Exporters [GST Notification]

CBIC removes RCM on Sponsorship Services provided by body corporates [Read Notification]

Summary of GST Notifications issued on 16.01.2025

Margin Scheme: GST on Old and Used Vehicles increased to 18%

CBIC exempts GST on Gene Therapy [Read Notification]

No RCM on Immovable Property if Tenant is Composition taxpayer [GST Notification]