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of <h1>West Bengal Tax Circular Clarifies GST Exemptions for Railways, RERA, Digital Payments, Reinsurance, and Accommodation Services.</h1> The circular issued by the West Bengal Directorate of Commercial Taxes provides clarifications on the applicability of GST on various services following recommendations from the 53rd GST Council meeting. Key points include GST exemptions for services provided by the Ministry of Railways to the public and between Special Purpose Vehicles and the Ministry of Railways. It clarifies that statutory collections by RERA are not subject to GST. Incentives shared under the digital payment ecosystem are categorized as subsidies and are not taxable. The circular also addresses GST liabilities on reinsurance of certain insurance schemes, clarifying that retrocession services are included under reinsurance. It exempts certain accommodation services from GST if the value is under twenty thousand rupees per month and provided for at least 90 days.
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