Understand Circular 224/18/2024-GST on GST recovery, pre-deposit, stay of demand, DRC-03 adjustments, and GST Appellate Tribunal appeals.

The issue relating to levy of IGST exemption on inter-state movement of various modes of conveyance, carrying goods or passengers or for repairs and maintenance, between distinct persons as specified in section 25(4) of the Central Goods and Services Tax Act, 2017, carrying goods or passengers or both; or for repairs and maintenance, [except in cases where such movement is for further supply of the same conveyance] has been examined.

Reference is invited to sub-section (5) and sub-section (6) of section 16 of the Central Goods & Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”)

Understand GST Circular No. 171/03/2022 on demand, recovery, and penalty provisions under GST for fake invoice transactions, fraudulent ITC claims, and related compliance.

2.3     Hence, banking company is the service provider in the business facilitator model or the business correspondent model operated by a banking company as per RBI guidelines. The banking company is liable to pay GST on the entire value of service charge or fee charged to customers whether or not received via business facilitator or the business correspondent.

Representations have been received citing ambiguity caused in interpretation of the scope of “Intermediary services” in the GST Law. The matter has been examined.

The GST rate on Idols made of clay is nil. (S. No. 135A of Schedule notification 2/2017 dated 28.06.2017).

Understand Circular No. 233/27/2024 – GST on regularization of IGST refund claims, Rule 96(10), exporter eligibility, and practical compliance steps.

Understand GST Circular No. 181/13/2022 on refund of unutilized ITC under the inverted duty structure, amended Rule 89(5), and prospective applicability of refund restrictions.

Understand Circular 212/06/2024-GST on CA/CMA certificates, recipient undertakings, and proof of ITC reversal for post-sale discounts under Section 15(3)(b)(ii).