Tag: Clarifications
CBDT issued circular clarifying tax exemption provisions for trusts/institutions donating to others under Income Tax Act, addressing concerns over 85% application rule.
CBIC clarifications vide Circular 206/18/2023 on levy of GST for passenger transport, renting of vehicles, supply of electricity by landlords, job work services for malted barley, exemptions for DMFTs …
CBIC circular 205/17/2023 clarifies 5% GST rate applicability on imitation zari threads/yarns made from metallized polyester/plastic films based on recommendations of the 52nd GST Council meeting.
CBIC clarifications on taxability of personal and corporate guarantees provided to banks/financial institutions vide GST Circular 204/16/2023.
CBIC Clarification circular 202/14/2023 on conditions for export of services under GST when payment is received in INR through special vostro accounts as per RBI circular.
CBIC GST circular 203/15/2023 for clarifying place of supply rules for transportation, advertising, co-location services. Understand the changes and impact on GST compliance.
CBDT clarifies applicability of exemption u/s 10(10D) in respect of receipts from Life Insurance Policies in different situations, vide Circular 15/2023.
CBIC clarifies taxability of services provided by a director of a company (renting of immovable property) under RCM and Supply of Food or Beverages in Cinema Hall as Restaurant …
CBIC clarifies GST rates and classifications issues for various goods and also regularise on "as is" basis, vide Circular 200/12/2023.
CBDT's clarification on the reporting status of certain RFIs and funds under I-T Rule 114F(5), classification as non-reporting financial institutions and their treatment as excluded accounts for CRS reporting.