GST Exemption Clarification for Payment Gateways and Aggregators Expected Soon

Last updated: 18 December 2024

The GST Fitment Committee has clarified the scope of tax exemptions for fintech service providers under entry 34 of Notification No. 12/2017-Central Tax (Rate). According to its recommendation, GST exemptions will apply to settlement services provided by payment aggregators (PAs), but not to payment

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Category GST   Report

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