Waiver, other tax reforms top GST Council’s docket

The council is likely to take up clarification on about a dozen issues including taxability of loans given by one group company to another, determination of the place of supply applicable for custodial services provided by banks to foreign portfolio investors and applicability of the levy on extra neutral alcohol for human consumption.

It will take up provisions of tax collected at source on ecommerce service providers and a proposal on creating a unique identifier for unregistered people opting to generate e-way bills.

India Inc’s confidence in GST has risen to 84% in 2024 from 72% in 2023, according to a survey by Deloitte released on Wednesday. The survey has been done as the indirect tax regime is set to complete seven years of rollout in July.

Read more at: The Economic Times