Alerts & Updates 12th Sep 2024
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
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