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56th GST Council Meet: Rates of Common Man Benefits Reduced to 5%
The 56th GST Council, has reduced the GST rate of items of common man from 12% and 18% to 5%. Apart from removing the GST rate on Insurance, this is...
56th GST Council Proposes Omission of S. 13(8)(b): Location of Service Recipient will serve as Place of Supply for Intermediary Services
The 56th GST Council has recommended the omission of clause (b) of section 13(8) of the Integrated Goods and Services Tax (IGST) Act, 2017. At present, section 13(8)(b) deems the place of supply for...
56th GST Council Recommends to Amend Post-Sale Discount Provisions: S. 15(3)(b)(i) to be Omitted, To Rescinds CBIC Circular
The 56th GST ( Goods and Services Tax ) Council meeting has recommended amendments to the Central Goods and Services Tax (CGST) Act, 2017 with regards to the treatment of post-sale discounts. ...
