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TMI BlogClarifications regarding applicability of GST on certain servicesX X X X Extracts X X X X X X X X Extracts X X X X ..... fications regarding applicability of GST on certain services Regarding. Ref : Government of India, Ministry of Finance, Department of Revenue, Circular No. 190/02/2023-GST, dated January 13, 2023 . Based on the recommendations of the GST Council in its 48th meeting held on 17th December, 2022, the clarifications with reference to GST levy related to the following are being issued through ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n accommodation services supplied by air force mess to its personnel. 2.2 All services supplied by Central Government, State Government, Union Territory or local authority to any person other than business entities (barring a few specified services such as services of postal department, transportation of goods and passengers etc.) are exempt from GST vide Sl. No. 6 of Notification No. II(2)/CTR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Council, requesting for clarification on whether GST is applicable on the incentive paid by MeitY to acquiring banks under the Incentive scheme for promotion of RuPay Debit Cards and low value BHIM-UPI transactions. 3.2 Under the Incentive scheme for promotion of RuPay Debit Cards and low value BHIM-UPI transactions, the Government pays the acquiring banks an incentive as a percentage of value ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice supplied by the acquiring bank to the Central Government. The incentive is in the nature of a subsidy directly linked to the price of the service and the same does not form part of the taxable value of the transaction in view of the provisions of section 2(31) and section 15 of the TNGST Act, 2017. 3.5 As recommended by the council, it is hereby clarified that incentives paid by MeitY to ac ..... X X X X Extracts X X X X X X X X Extracts X X X X
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