https://www.taxtmi.com/article/detailed?id=12883 CBIC Circulars 227-229 implement post-53rd GST Council clarifications: Circular 227 creates an electronic procedure (rule 95B, FORM GST RFD-10A) for CSD refund claims with portal validation of GSTIN, return and invoice matching, proper officer scrutiny and FORM GST RFD-06 speaking orders, capping sanctioned refund at fifty percent of tax paid. Circular 228 regularises and clarifies GST applicability on specified railway services, SPV transactions, RERA collections, digital payment incentives treated as subsidy when distributed per NPCI scheme, reinsurance and retrocession, and accommodation exemptions under stated conditions. Circular 229 confirms classification and applicable rates for specified goods and adjusts the scope of pre-packaged agricultural produce for reduced levy. en-us Thu, 29 Aug 2024 19:09:00 +0530 Thu, 29 Aug 2024 19:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12883 CBIC Circulars 227-229 implement post-53rd GST Council clarifications: Circular 227 creates an electronic procedure (rule 95B, FORM GST RFD-10A) for CSD refund claims with portal validation of GSTIN, return and invoice matching, proper officer scrutiny and FORM GST RFD-06 speaking orders, capping sanctioned refund at fifty percent of tax paid. Circular 228 regularises and clarifies GST applicability on specified railway services, SPV transactions, RERA collections, digital payment incentives treated as subsidy when distributed per NPCI scheme, reinsurance and retrocession, and accommodation exemptions under stated conditions. Circular 229 confirms classification and applicable rates for specified goods and adjusts the scope of pre-packaged agricultural produce for reduced levy. Articles Goods and Services Tax - GST Thu, 29 Aug 2024 19:09:00 +0530 https://www.taxtmi.com/article/detailed?id=12883