Summary of the Key Insights of 54th GST Council Meeting The Key Insights of 54th GST Council Meeting are relating to the changes in GST tax rates, provide relief to individuals, measures for facilitation of trade and measures for streamlining compliance in GST.The 54th GST Council met under the chairpersonship of Union Minister for Finance … Read more
Summary of the Circular No 233/27/2024 for IGST Refunds for Exporters The Clarification has been issued by Circular No 233/27/2024 for IGST Refunds for Exporters. This clarification states that even if business initially imported goods without paying IGST and compensation cess using the exemptions under Notification No 78/2017-Customs dated 13-10-2017 or Notification No 79/2017- Customs … Read more
Summary of Clarification on Place of supply for Data Hosting Services Trade and industry groups have asked for Clarification on Place of supply for Data Hosting Services. Specifically, when service provider is located in india and provide service to cloud computing companies located outside india.Therefore, government has issued Circular No 232/26/2024 regarding Place of supply … Read more