Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
Income Tax Bill, 2025     TaxTMI    TMI - e-Newsletter     TaxTMI    Assignment of Long-Term Leasehold Rights Not...     TaxTMI    Late Fee Under GST Section 47(2) Applies to...     TaxTMI    New Tax Offense Compounding Guidelines: No...     TaxTMI    Limitation Period for GST Refund Claims Cannot Be...     TaxTMI    Penalty Under Black Money Act Deleted:...     TaxTMI    Show-Cause Notice Under CGST Act Section 73...     TaxTMI    Third-Party Information Now Exempt from Trading...     TaxTMI    CBIC Revises Tariff Values for Imported Oils,...     TaxTMI    GST Jurisdictional Boundaries Redefined for Seven...     TaxTMI    Assessment Order Set Aside Due to Missing Document...     TaxTMI    Amendment of Shipping Bill for Drawback Claims on...     TaxTMI    Bus Services Paid Directly by Students Not Exempt...     TaxTMI    Minor Clerical Error in GSTN Documentation Cannot...     TaxTMI    GST Appeal Dismissed: 95-Day Delay Beyond Statutory...     TaxTMI    Tax Authorities Cannot Reject DTVSV Application...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
GST - States - Highlights / Catch Notes

Home Highlights March 2025 Year 2025 This

The Goa Commissioner of State Taxes has adopted Circular No. ...


Goa adopts Finance Ministry's Circular 245 clarifying GST exemptions for loan penalties and payment aggregators

March 20, 2025

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 GST exemption on settlement transactions up to 2,000; GST payments are regularized for certain research services by Government Entities (July 2017-October 2024) and for skilling services by NSDC-approved Training Partners (October 2024-January 2025). Additionally, facility management services to MCD are confirmed as taxable, DDA is clarified not to be a local authority under GST law, and certain electricity utility support services are regularized.

View Source

 

← Previous Next →

 

You may also like:

  1. The Goa Commissioner of State Taxes has adopted Circular No. 247/04/2025-GST from the Tax Research Unit, Ministry of Finance, for uniform implementation under the Goa...

  2. The Commissioner of State Tax, Maharashtra has adopted CBIC Circular No. 245/02/2025-GST dated January 28, 2025, making it applicable to the MGST Act, 2017. The circular...

  3. A recent circular addressed the taxability of loans between related parties or affiliates. The circular clarifies that providing loans between related parties...

  4. Ministry Of Finance declares GST Database & infrastructure installed at GSTN as protected - Notification

  5. This corrigendum clarifies that the restriction on refund u/s 150 of the Finance (No. 2) Act, 2024 will not apply to refunds of pre-deposit amounts paid by taxpayers at...

  6. Exemption from GST - transmission or distribution of electricity - Through circular it was clarified that certain activities shall be taxable - Vires of para 4(1) of the...

  7. The High Court dismissed the challenge to the Circular No.150/6/2021 GST dated 17.06.2021, which clarified that annuity payments for construction services are taxable...

  8. Post GST era: Whether the Goa Cess Act is constitutionally valid? - The object of GST laws is totally distinct from the object and purpose of the Goa Cess Act. Even the...

  9. This trade circular provides clarifications regarding the applicability of GST on certain services based on the recommendations of the 53rd GST Council meeting. The key...

  10. Effective date of clarificatory circular under GST - The Circular dated 06.07.2022 is clarificatory in nature whereby paragraph 3.2 of the Circular dated 31.03.2020 has...

  11. Circular regarding Accounting Framework for new Goods and Services Tax (GST) regime - Circular

  12. This circular clarifies the scope of regularization on an "as is" or "as is, where is" basis mentioned in previous GST circulars issued based on GST Council...

  13. The circular regularizes GST payment on two insurance-related transactions from July 1, 2017 to October 31, 2024 on an "as is where is" basis. Effective November 1,...

  14. Validity of SCN - applicability and binding nature of circular - rate of GST on various goods - in the circular dated 9-8-18 various issues on applicability of GST were...

  15. The CBIC circular, adopted by Maharashtra State Tax, clarifies several GST classification issues. Pepper of genus Piper attracts 5% GST, with agriculturists exempt from...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
A: India Updates Rules of Origin: 'Proof of Origin' Replaces 'Certificate...
A: Indian Employee Secondments Abroad Face Tax, GST Challenges: Service P...
A: New Amnesty Scheme Under Section 128A: Settle Past GST Dues Without Pe...
A: Private Limited Companies in India must file AOC-4, MGT-7, ADT-1 under...
A: Government's GST Amendments: Benefits and Criticisms on ITC and Intere...
A: Penalties Under Section 271 Require Clear Evidence: ITAT Quashes Penal...
A: UK Businessman Faces GST Challenges at Delhi Expo 2025; Refund Delayed...
A: Business Owner Faces Financial Setbacks Due to Vendor's Missed GST Pay...
A: India Becomes Leading Exporter of Rubber Tubes for Bicycles and Two-Wh...
A: India's Bearing Industry Thrives with Competitive Manufacturing, Faces...
A: India's Auto Component Exports Thrive with Government Support, Facing ...
A: Indian HVAC System Exports Surge Amid Global Demand for Advanced Vehic...
A: BIS Regulations 2018 Ensure Product Quality in India with Testing, Ins...
A: ISO 22000 Certification: Boost Food Safety, Market Access, and Reputat...
A: Non-GMO Certification Boosts Market Advantage and Consumer Trust for F...
H: Accused in Rs. 31.18 Crore Input Tax Credit Fraud Granted Bail After S...
H: Advertisement Tax Demands After GST Implementation Declared Illegal Un...
H: GST Fraud Accused Granted Bail After 54 Days in Custody Under CGST Act...
H: Time Extension for GST Show Cause Notices Challenged: Court Questions ...
H: Bail Granted in GST Case: Arrest Deemed Invalid for Non-Compliance wit...
H: Refund of Excess GST Collected by Promoter Denied as Petitioners Faile...
H: Retrospective GST Registration Cancellation Requires Proper Justificat...
H: Input Tax Credit Claims Valid Under Section 16(5) Despite Section 16(4...
H: Input Tax Credit Claims Protected by Retrospective Amendment to Sectio...
H: Income Tax Department Ordered to Process Long-Delayed Refunds by April...
H: Income Tax Reassessment Notices Quashed: AO Failed to Apply Independen...
H: Penalty Under Section 271(1)(c) Requires No Proof of Willful Concealme...
H: Delay in Filing Corrected Tax Return Should Be Condoned When Error Is ...
H: Dismissal of Review Petition: No Grounds Found as Original Order Based...
H: Machinery replacement costs deemed revenue expenditure; fly ash silos ...