Delhi Tax Commissioner adopts CBIC clarifications on Railway services, RERA collections, insurance reinsurance exemptions
Circulars
GST – States
The Delhi State Tax Commissioner issued Circular No. 22/2024 adopting CBIC Circular No. 228/22/2024 regarding GST applicability clarifications. The circular addresses eight key areas: exempting specific Railway services to general public and inter-zone transactions with retrospective regularization from October 2023; exempting SPV-Railway infrastructure transactions with regularization from July 2017; clarifying RERA statutory collections are exempt under existing notifications; confirming digital payment incentives shared per NPCI guidelines remain non-taxable subsidies; regularizing reinsurance GST liability for exempt insurance schemes from July 2017 to January 2018; regularizing government-premium insurance reinsurance from July 2017 to July 2018; clarifying reinsurance includes retrocession services; and exempting accommodation services under 20,000 monthly for minimum 90-day periods with retrospective regularization from July 2017. All regularizations apply on “as is where is” basis.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =