https://www.taxtmi.com/circulars?id=67779 Circular adopts CBIC clarifications under the MGST Act and addresses GST exemptions, applicability and retrospective regularisation. It regularizes GST treatment for Ministry of Railways services and SPV-Railways transactions on an 'as is where is' basis for specified periods; confirms RERA statutory collections fall under governmental-authority exemption; treats specified digital payment incentives shared as subsidy and not taxable when distributed as per NPCI-determined proportions; regularizes reinsurance liabilities (including retrocession) for specified exempt schemes and clarifies exemption for certain long-term accommodation services meeting the notified value and duration conditions. en-us Thu, 29 Aug 2024 00:00:00 +0530 Fri, 06 Sep 2024 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67779 Circular adopts CBIC clarifications under the MGST Act and addresses GST exemptions, applicability and retrospective regularisation. It regularizes GST treatment for Ministry of Railways services and SPV-Railways transactions on an 'as is where is' basis for specified periods; confirms RERA statutory collections fall under governmental-authority exemption; treats specified digital payment incentives shared as subsidy and not taxable when distributed as per NPCI-determined proportions; regularizes reinsurance liabilities (including retrocession) for specified exempt schemes and clarifies exemption for certain long-term accommodation services meeting the notified value and duration conditions. Circulars GST - States Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67779