After 53rd GST council meeting recommendations, CBIC is continuously issuing Circulars and Notifications to notify the changes in GST and to clarify various issues.
16 GST Circulars clarifying the various issues were issued on 26 June 2024
4 GST Notifications to notify changes in GST Rules issued on 10 July 2024 and in continuation to this below more circulars are issued to clarify the doubts of taxpayers are issued, you can download from links given in the table:
| Number | Date | Subject | Download |
|---|---|---|---|
| 227/21/2024-GST | 11-Jul-2024 | Processing of refund applications filed by Canteen Stores Department (CSD). | English |
| 226/20/2024-GST | 11-Jul-2024 | Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to export. | English |
| 225/19/2024-GST | 11-Jul-2024 | Clarification on various issues pertaining to taxability and valuation of supply of services of providing corporate guarantee between related persons. | English |
| 224/18/2024-GST | 11-Jul-2024 | Guidelines for recovery of outstanding dues, in cases wherein first appeal has been disposed of, till Appellate Tribunal comes into operation. | English |
| 223/17/2024-GST | 10-Jul-2024 | Amendment in circular no. 1/1//2017 in respect of Proper officer for provisions relating to Registration and Composition levy under the Central Goods and Services Tax Act, 2017 or the rules made thereunder. | English |
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enhancement exemption limit from Rs.7500 for RWA (Residential owners apartment association) – Budget 2024 expectations
For the last couple of years, the inflation index has been rising faster, which depicts the mounting inflation in the country,” and the prices of goods increase over time resulting in a fall in the purchasing power, for all the citizens whose standards of livings are going down day by day and there is an increase in the price of goods and a decrease in the value of money hence service tax limits are to be revised in the case maintenance of apartment property by the residential welfare association and unable to bear service tax highly imposed by the government hence it is requested Representing for enhancement exemption limit from Rs.7500 for RWA (Residential.owners apartment association) – Budget 2024 expectations
Building & Terrorism Insurance
Consumables procurement
Electrical Fittings + Bulbs/tubes & lamps
Housekeeping Material
Cleaning Equip/Spares
Cleaning Chemicals
Bins & Covers & mats
Other Maint Expenses
Office Expenses
Communication Expenses
Borewell Maintenance
Other Contingency, suchas charted accountants fees accounts maintenance and association running expenses, office management etc are becoming nowadays more expensive.
Adding all these cost together increased costs in the maintenance of apartment buildings property.
So in view of this it is request that an exemption limit of Rs. 7500 may be raised to Rs. 25000 and the aggregate turnover limit of Rs. 20 lacks to Rs. 50 lacs.