Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The Council approved comprehensive GST reforms including a simplified two-rate structure (standard 18%, merit 5%, and a 40% de-merit slab), exemption of individual life and health insurance, widespread rate reductions across food, health, agriculture, labour-intensive and common-use goods and selected services, and targeted increases to 40% for certain sin/ de-merit items. Changes are proposed effective 22 September 2025 (with tobacco/cess-linked items deferred), administrative implementation of 90% provisional refunds for inverted duty cases, operationalisation of the GST Appellate Tribunal, amendments to valuation, registration and place-of-supply rules, and procedural facilitation measures including simplified registrations for low-risk and e-commerce suppliers.
The Council approved comprehensive GST reforms including a simplified two-rate structure (standard 18%, merit 5%, and a 40% de-merit slab), exemption of individual life and health insurance, widespread rate reductions across food, health, agriculture, labour-intensive and common-use goods and selected services, and targeted increases to 40% for certain sin/ de-merit items. Changes are proposed effective 22 September 2025 (with tobacco/cess-linked items deferred), administrative implementation of 90% provisional refunds for inverted duty cases, operationalisation of the GST Appellate Tribunal, amendments to valuation, registration and place-of-supply rules, and procedural facilitation measures including simplified registrations for low-risk and e-commerce suppliers.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
