https://www.taxtmi.com/article/detailed?id=13524 CBIC clarified that penal charges levied by RBI regulated entities for breach of loan terms are non-taxable; RBI regulated Payment Aggregators qualify for the Notification No.12/2017 exemption only for the payment settlement function, excluding payment gateway services; GST on R&D services against government grants, skilling services by NSDC approved training partners, certain incidental electricity utility services, reverse charge on renting commercial property for composition taxpayers, facility management to MCD HQ, and services by Goethe Institutes have been regularized for specified past periods on an 'as is where is' basis. en-us Tue, 11 Feb 2025 13:09:00 +0530 Tue, 11 Feb 2025 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13524 CBIC clarified that penal charges levied by RBI regulated entities for breach of loan terms are non-taxable; RBI regulated Payment Aggregators qualify for the Notification No.12/2017 exemption only for the payment settlement function, excluding payment gateway services; GST on R&D services against government grants, skilling services by NSDC approved training partners, certain incidental electricity utility services, reverse charge on renting commercial property for composition taxpayers, facility management to MCD HQ, and services by Goethe Institutes have been regularized for specified past periods on an 'as is where is' basis. Articles Goods and Services Tax - GST Tue, 11 Feb 2025 13:09:00 +0530 https://www.taxtmi.com/article/detailed?id=13524