The 52nd GST Council Meeting issued clarification on the export of services. The Council has recommended to issue a circular to clarify the admissibility of export remittances received in Special INR Vostro account, as permitted by RBI, for the purpose of consideration of supply of services to qualify as export of services in terms of the provisions of sub-clause (iv) of clause (6) of section 2 of the IGST Act, 2017.
Source Taxscan
Latest Posts in "India"
- GST Reform to Ease Pharma ITC on Free Samples and Expired Goods
- Continued Implementation of Next-Generation GST Reform
- GST Council Unveils Major Process Reforms, ITC Relief, and Compliance Simplification
- GST Council 57th Meeting: Key Taxpayer-Friendly Reforms Announced
- GST Input Tax Credit Allowed on Employer Group Health and Life Insurance














