- India’s CBIC issued circulars clarifying GST treatment of certain goods and services.
- Sublimation paper is taxable at 18% GST.
- Non-electronic toys attract 5% GST, while electronic toys attract 18% GST.
- For second-hand vehicle suppliers under the margin scheme, the ITC restriction applies only to GST paid on acquiring the vehicles, not on other related inputs.
- Service imports by Indian establishments of foreign shipping companies from related parties outside India are being regularized under GST.
Source: news.bloombergtax.com
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.
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