GST Articles
GST Confusion on Taxability of Vouchers Finally Cleared
GST Circular No. 243/37/2024, dated 31st December 2024, offers clarity on the crucial topic of vouchers. Whether it's festive gift cards or discount coupons this circular makes sure that the taxpayers and businesses move forward with a clear understanding of GST implications on the same.
55th GST Council Decision: Payment Aggregators Get Exemption, Not Payment Gateways
Analysis of 55th GST Council's decision to clarify that RBI regulated Payment Aggregators are eligible for the exemption, not payment gateway (PG)
55th GST Council Meeting: Key ITC Changes Impacting Automobile Sector & Construction Industry
The GST Council met for the 55th time under the Chairmanship of Honourable FM Nirmala Sitharaman. Some key changes were recommended regarding availability of ITC and date of availability of ITC.
GST on Vouchers: The Circular That Clears the Confusion
The GST Policy Wing has come to the rescue with a new circular that finally clears the air about the GST treatment of vouchers.
55th GST Council: Major Amendments in CGST Rules Affecting IMS
Analysis of the 55th GST Council's decision for Amendments in the CGST Act, 2017 and CGST Rules, 2017 in respect of the functionality of the Invoice Management System (IMS)
Relief provided by 55th GST Council Meeting to Small Taxpayers
The 55th GST Council meeting, held on December 21, 2024, resulted in a series of key decisions aimed at refining India's Goods and Services Tax (GST) framework. All the recommendations affecting small taxpayers have been discussed below.
Analysis of GST Council's Decision on Issues pertaining to Taxability of Vouchers
In a significant move to address long-standing concerns regarding the taxability of vouchers under GST, the GST Council made certain recommendations
GST Relief to Hotels and Restaurants: Analysis of 55th GST Council's decision
To omit the definition of declared tariff and suitably amend the definition of specified premises (from the services rate and exemption notifications) to link it with actual value of supply of any unit
Key Highlights of 55th GST Council Meeting
Just as the New Year symbolizes new beginnings, the 55th GST Council Meeting has introduced transformative recommendations for taxpayers and businesses. These recommendations touch upon rates, compliance mechanisms, clarifications, amendments and much more.
Intermediary Services Under IGST Act: Place of Supply and Tax Implications
The Goods and Services Tax (GST) regime in India has streamlined the indirect taxation structure and brought uniformity across states. Within this framework, th...
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