- GST Council may classify intermediary services as exports, making them zero-rated
- Proposal could eliminate the current 18 percent GST levy on intermediary services
- Aims to provide financial relief to sectors like textiles, commodities trading, and IT services
- Amendment seeks to delete Section 13(8)(b) of the IGST Act, reclassifying services as exports
- Reform could resolve show-cause notices amounting to Rs 3,357 crore
- Finance Minister to urge states to align GST registration procedures with new central norms
- CBIC norms aim to standardize documentation and processing timelines for GST registration
- Early implementation at the central level shows positive signs in registration numbers
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
