The GST Council in its 52nd meeting, interalia recommend to supply of goods and services by Indian Railways shall be taxed under the Forward Charge Mechanism (FCM) to enable Indian Railways to avail ITC which would reduce the cost of Indian Railways.
Source a2ztaxcorp
Latest Posts in "India"
- CESTAT Rules Preloaded Software Must Be Included in Customs Valuation of Navigation Devices
- GST Council Eases Compliance: Credit Notes No Longer Tied to Invoices, Benefits FMCG Sector
- India’s GST Overhaul: Key Insights on October 2025 Tax Rate Changes and Implications
- FM Sitharaman Confirms GST Rate Cut Implementation on September 22, 2025
- Government Reduces GST Across Sectors, Prices to Drop from September 22, Boosting Consumer Demand
