The 52nd meeting of the GST Council convened in New Delhi, with Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, presiding over the proceedings on 7th October 2023.
In attendance were Union Minister of State for Finance, Shri Pankaj Chaudhary, as well as the Chief Ministers of Goa and Meghalaya, who oversee the finance portfolios in their respective states. Additionally, Finance Ministers from various states and union territories with legislative assemblies, along with senior officials from both the Ministry of Finance and the states/union territories, participated in the meeting.
Read More: 52nd GST Council Meeting: Key Highlights
The Council has recommended to issue a Circular to clarify the place of supply in respect of the following supply of services:
(i) Supply of service of transportation of goods, including by mail or courier, in cases where the location of supplier or the location of recipient of services is outside India;
(ii) Supply of advertising services;
(iii) Supply of the co-location services.
The Council has also recommended to issue a circular to clarify the admissibility of export remittances received in Special INR Vostro account, as permitted by RBI, for the purpose of consideration of supply of services to qualify as export of services in terms of the provisions of sub-clause (iv) of clause (6) of section 2 of the IGST Act, 2017.
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