Alerts & Updates 12th Sep 2024

Key Proposals by the 54th GST Council

Authors

Rohit JainDeputy Managing Partner | Mumbai
Gopal MundhraPartner | Mumbai
Parth ParikhPartner | Mumbai
Vaibhav BinaykeSenior Associate | Mumbai

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The much-anticipated 54th GST Council Meeting has brought significant changes in GST rates, compliance measures, and new initiatives aimed at trade facilitation.

Our alert includes:

-Recommendation on RCM for metal scrap

-Exemption for services imported by offices of foreign airlines

-Relaxations in restrictions on refund on account of exports

-Formation of Group of Ministers to address difficulties faced by insurance companies

-Regularization of demand with respect to film distribution services

-Clarification on place of supply in case of cloud computing and advertising services, availability of ITC on demo vehicles

Read the detailed alert here

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