Clarification on GST Treatment of Vouchers GST Circular has been issued for Clarification on GST Treatment of Vouchers. The GST Council proposal on Voucher: Vouchers are not taxable as it is not considered as supply of goods or service Selling Voucher directly (Principal to Principal ) does not attract GST Agent distributing vouchers will pay … Read more
Clarification on Place of Supply for Online Service GST Circular No 242/36/2024 has been issued for Clarification on Place of Supply for Online Service.This point was proposed in 55th GST Council Meeting. The proposal states when online service supplying to unregistered person the supplier must mention the customer’s state on the invoice to resolve confusion … Read more
Clarification on ITC availability on Goods delivered under Ex-Works Contract GST Clarification has been issued on Clarification on ITC availability on Goods delivered under Ex-Works Contract.In the GST Council it has been proposed that to clarify the buyer is eligible to claim the Input Tax Credit on goods under Ex-Works Contract, provided all the condition … Read more
Clarification on ITC availed by E-commerce Operator for services u/s 9(5). GST Circular has been issued on ITC availed by E-commerce Operator for services u/s 9(5). This point has been proposed in 55th GST Council Meeting held on 21-12-2024. Proposed Clarification in GST Council Meeting: The GST Council has proposed clarification stating that E-commerce Operator … Read more
GST Revenue Collection December 2024 The Purpose of this Article is to present Comprehensive data on GST Revenue Collection in December 2024. It Covers Key aspects such as Gross Domestic Revenue collection, Gross Import Revenue, Domestic Refund , Import Refund, Net Customs Revenue and Total Net GST Revenue for the Month of December-2024. Additionally, this … Read more