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of <h1>GST Clarifications: Penal Charges, Payment Aggregators, R&D Services, and More Aligned with 55th Council Recommendations.</h1> The circular clarifies the applicability of GST on various services, aligning with recommendations from the 55th GST Council meeting. Penal charges by Regulated Entities for non-compliance with loan terms are not subject to GST. Payment Aggregators are exempt from GST for transactions up to two thousand rupees. GST on research and development services by government entities and skilling services by National Skill Development Corporation-approved partners is regularized. Facility management services to the Municipal Corporation of Delhi are taxable. Delhi Development Authority is not a local authority under GST law. GST on renting commercial property by unregistered persons to registered persons is regularized. Ancillary services by electricity utilities and services by Goethe Institute/Max Mueller Bhawans are also regularized.
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