https://www.taxtmi.com/circulars?id=68238 The circular applies the Central TRU clarifications mutatis mutandis in Goa, confirming that penal charges levied by regulated entities under RBI directions are charges for breach of contract and not subject to GST; that RBI regulated Payment Aggregators qualify as "acquiring banks" for the Sl. No. 34 exemption for settlement of single transactions up to two thousand rupees (limited to settlement functions, excluding gateways); and regularises various GST positions on R&D grants, skilling services, renting by unregistered persons to composition taxpayers, electricity ancillary services, and Goethe Institute supplies for specified historic periods on an "as is where is" basis. en-us Tue, 11 Mar 2025 00:00:00 +0530 Wed, 19 Mar 2025 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68238 The circular applies the Central TRU clarifications mutatis mutandis in Goa, confirming that penal charges levied by regulated entities under RBI directions are charges for breach of contract and not subject to GST; that RBI regulated Payment Aggregators qualify as "acquiring banks" for the Sl. No. 34 exemption for settlement of single transactions up to two thousand rupees (limited to settlement functions, excluding gateways); and regularises various GST positions on R&D grants, skilling services, renting by unregistered persons to composition taxpayers, electricity ancillary services, and Goethe Institute supplies for specified historic periods on an "as is where is" basis. Circulars GST - States Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68238