GST scope on penal charges and payment aggregator settlement clarified; select past tax positions regularised accordingly. Clarification aligns CBIC Circular No. 245/02/2025-GST with the State law and clarifies GST treatment: penal charges levied by regulated entities per RBI directions are not subject to GST; RBI regulated Payment Aggregators undertaking settlement qualify as 'acquiring bank' for the Sl. No. 34 exemption limited to settlement functions; multiple past positions are regularised on an 'as is where is' basis (R&D grants, NSDC Training Partner exemptions, composition taxpayer rental reverse charge, incidental electricity services); facility management to MCD HQ is taxable; DDA is not a 'local authority'; Goethe Institute supplies regularised.
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Provisions expressly mentioned in the judgment/order text.
GST scope on penal charges and payment aggregator settlement clarified; select past tax positions regularised accordingly.
Clarification aligns CBIC Circular No. 245/02/2025-GST with the State law and clarifies GST treatment: penal charges levied by regulated entities per RBI directions are not subject to GST; RBI regulated Payment Aggregators undertaking settlement qualify as "acquiring bank" for the Sl. No. 34 exemption limited to settlement functions; multiple past positions are regularised on an "as is where is" basis (R&D grants, NSDC Training Partner exemptions, composition taxpayer rental reverse charge, incidental electricity services); facility management to MCD HQ is taxable; DDA is not a "local authority"; Goethe Institute supplies regularised.
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