Indirect Tax Alert
Indirect Tax Alert
CBIC issues 16 Circulars pursuant to the recommendations made by the 53rd GST Council Meeting held on 22 June 2024
The 53rd GST Council meeting was held on 22 June 2024 in New Delhi. In furtherance to these recommendations, the Central Board of Indirect Taxes and Customs (CBIC) has now issued 16 Circulars clarifying various aspects such as taxability of ESOP/ ESPP/ RSU, value of supply on import of services, input tax credit (ITC) eligibility on certain procurements, etc.
We at BDO in India have summarised these clarifications. Hope you would find it timely and useful.