Raja Abhishek For NIRC 2024

@abhishekrajaram

2 months ago

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šŸ“¢š—–š—¹š—®š—暝—¶š—³š—¶š—°š—®š˜š—¶š—¼š—»š˜€ š—¼š—» š—šš—¦š—§ š—”š—½š—½š—¹š—¶š—°š—®š—Æš—¶š—¹š—¶š˜š˜† - š—–š—¶š—暝—°š˜‚š—¹š—®š—æ š—”š—¼. šŸ®šŸ®šŸ“/šŸ®šŸ®/šŸ®šŸ¬šŸ®šŸ°-š—šš—¦š—§ šŸ“¢ šŸ” š—œš˜€š˜€š˜‚š—²š—± š—Æš˜†: Ministry of Finance, Department of Revenue, India šŸ“… š——š—®š˜š—²: 15th July, 2024

š—žš—²š˜† š—–š—¹š—®š—暝—¶š—³š—¶š—°š—®š˜š—¶š—¼š—»š˜€: šŸ­) š—šš—¦š—§ š—˜š˜…š—²š—ŗš—½š˜š—¶š—¼š—» š—³š—¼š—æ š—œš—»š—±š—¶š—®š—» š—„š—®š—¶š—¹š˜„š—®š˜†š˜€ šŸš† No GST on platform tickets, retiring rooms, cloakroom services, and battery cars. GST issues for services between zones/divisions from 20.10.2023 to 14.07.2024 resolved.

šŸ®) š—šš—¦š—§ š—¼š—» š—¦š—£š—© š—§š—暝—®š—»š˜€š—®š—°š˜š—¶š—¼š—»š˜€ š˜„š—¶š˜š—µ š—œš—»š—±š—¶š—®š—» š—„š—®š—¶š—¹š˜„š—®š˜†š˜€ šŸ¤ Exemption for services allowing use of infrastructure by SPVs. Regularized GST from 01.07.2017 to 14.07.2024.

šŸÆ) š—šš—¦š—§ š—¼š—» š—„š—˜š—„š—” š—¦š˜š—®š˜š˜‚š˜š—¼š—暝˜† š—–š—¼š—¹š—¹š—²š—°š˜š—¶š—¼š—»š˜€ šŸ¢ Confirmed as exempt under the Real Estate Regulation and Development Act, 2016.

šŸ°) š—œš—»š—°š—²š—»š˜š—¶š˜ƒš—²š˜€ š—³š—¼š—æ š——š—¶š—“š—¶š˜š—®š—¹ š—£š—®š˜†š—ŗš—²š—»š˜š˜€ šŸ’³ Incentives shared by banks under RuPay and BHIM-UPI schemes are non-taxable as subsidies.

šŸ±) š—„š—²š—¶š—»š˜€š˜‚š—暝—®š—»š—°š—² š—¼š—³ š—œš—»š˜€š˜‚š—暝—®š—»š—°š—² š—¦š—°š—µš—²š—ŗš—²š˜€ šŸ”„ Exemptions for specified general and life insurance schemes from 01.07.2017 to 24.01.2018. Exempt for schemes where the government pays the total premium, regularized from 01.07.2017 to 26.07.2018.

šŸ²) š—„š—²š˜š—暝—¼š—°š—²š˜€š˜€š—¶š—¼š—» š—¦š—²š—暝˜ƒš—¶š—°š—²š˜€ šŸ” Confirmed as part of reinsurance, thus exempt from GST.

šŸ³) š—”š—°š—°š—¼š—ŗš—ŗš—¼š—±š—®š˜š—¶š—¼š—» š—¦š—²š—暝˜ƒš—¶š—°š—²š˜€ šŸØ Exemption for services costing ā‰¤ ā‚¹20,000 per person/month for a minimum of 90 days. Regularized from 01.07.2017 to 14.07.2024.

š—œš—ŗš—½š—¹š—²š—ŗš—²š—»š˜š—®š˜š—¶š—¼š—»: Effective immediately, with specific dates for regularization. For any implementation issues, contact the Board. Stay Updated! šŸŒŸ #GST #IndianFinance #TaxUpdates #arr4nirc

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