RBI issues notification on “Processing of Regulatory Authorisations/ Licenses/ Approvals through PRAVAAH”
The Reserve Bank of India (“RBI”) has issued a notification on “Processing of Regulatory Authorisations/ Licenses/ Approvals through PRAVAAH”. With effect from […]
GSTN releases advisory on integrated services from e-invoice-1 and e-invoice-2 Portals
Goods and Services Tax Network (GSTN) in its recent update has informed about the releasing of the Integrated services from e-invoice-1 and […]
Key highlights on the outcome of the 53rd GST Council Meeting
GST Council held its 53rd meeting at New Delhi. In the meeting, GST Council has recommended changes related to GST tax rates, […]
RBI invites comments on regulations of Payment Aggregators by 31st May, 2024
Reserve Bank of India (“RBI”) has invited comments on the following drafts on regulation of Payment Aggregators (“PAs”): New draft directions on […]
NPCI revises Retrieval Reference Number in UPI to avoid duplicates; PSPs and Banks to implement revised RRN and remove validation of ‘YDDD’ by 31st May, 2024.
The National Payments Corporation of India (“NPCI”) has issued an addendum to a previously issued circular for revision of Retrieval Reference Number […]
NPCI fixes maximum UPI inward credit limit for P2PM merchants; Acquiring Banks and Payment Service Providers to comply with directions before 30th April, 2024
National Payments Corporation of India (“NPCI”) has fixed the maximum United Payment Interface (“UPI”) inward credit limit for P2PM merchants (for small […]
CBIC issued clarification regarding applicability of GST on job work services, reimbursement of electricity charges
Central Board of Indirect Taxes and Customs (CBIC) via Circular No 206/18/2023-GST has issued clarification regarding applicability of Goods and Services Tax […]
Central Board of Indirect Taxes and Customs (CBIC) notified valuation of supply of services by a supplier wherein the recipient is a related person
Central Board of Indirect Taxes and Customs (CBIC) via Notification no. 52/2023-Central Tax has amended Central Goods and Services Tax Rules, 2017. […]
Central Board of Indirect Taxes and Customs (CBIC) notifies claim of tax refund in cases of SEZ supplies
Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 05/2023- Integrated Tax to notify all suppliers to a developer […]
Central Board of Indirect Taxes and Customs (CBIC) clarifies place of supply in case of supply of services of transportation of goods, including through mail and courier
Central Board of Indirect Taxes and Customs (CBIC) via circular No. 203/15/2023-GST has clarified the determination of place of supply in case […]
Clarification on issues pertaining to taxability of personal guarantee and corporate guarantee in GST issued by CBIC
Central Board of Indirect Taxes and Customs (CBIC) via Circular No 204/16/2023-GST has issued clarification on issues pertaining to taxability of personal […]
NPCI enhances the per transaction value for UPI Lite (Online and Offline) to Rs. 500/-
The National Payments Corporation of India (“NPCI”) has informed that the per transaction value for UPI Lite (Online and Offline) has been […]