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CBIC releases clarifications on GST rates applicable to certain goods and exemptions on various services

The Central Board of Indirect Taxes and Customs of India released Circular No. 77/09/2022-TRU, clarifying the GST rate applicable to goods and GST-exempt services. The Circular covers the following:

  • The 5% GST rate on the sale of advertising space in souvenir books.

Source GVC

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