GST : The CBIC has issued circular to clarify that no GST is payable on the penal charges levied by Regulated Entities; GST exemption is available to RBI regulated Payment Aggregators (Pas) up to two thousand rupees in a single transaction and payment of GST on services provided by Training Partners approved by NSDC is regularized for the period 10.10.2024 to 15.01.2025, on ‘as is where is’ basis. (29.01.2025)

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GST:

The CBIC has issued circular to clarify that no GST is payable on the penal charges levied by Regulated Entities; GST exemption is available to RBI regulated Payment Aggregators (Pas) up to two thousand rupees in a single transaction and payment of GST on services provided by Training Partners approved by NSDC is regularized for the period 10.10.2024 to 15.01.2025, on ‘as is where is’ basis.

[Circular No. 245/02/2025-GST dated 28.01.2025]