Goa adopts Finance Ministry's Circular 245 clarifying GST exemptions for loan penalties and payment aggregators
Circulars
GST – States
The Goa Commissioner of State Taxes has adopted Circular No. 245/02/2025-GST issued by the Ministry of Finance for uniform implementation under the Goa GST Act. The circular provides several key clarifications: penal charges levied by regulated entities for loan contract non-compliance are exempt from GST; RBI-regulated Payment Aggregators qualify for GS
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