WebAug 17, 2024 · In terms of provisions of Section 2 (13) of the IGST Act, 2024, “Intermediary” means a broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of goods or services or both or securities, between two or more persons, but does not include a person who supplies such goods or services or both or … WebApr 13, 2024 · A “Travel Agent” is a person or entity who acts as an intermediary and sells holiday packages and tours. Their services include accommodation, rail/air ticket booking, sightseeing, cab pickup drop, etc. The services they provide are commission based, on which they receive a certain amount of commission which is taxable and falls under the ...
Clarification On Scope Of “Intermediary” Under GST
WebDec 13, 2024 · Call centers and data processing centers are also a kind of services of Information Technology enabled Services (ITeS). Whether the particular ITeS is taxable or not under GST, is all depends upon whether or not it is an intermediary service. If the ITeS is an intermediate service, it shall be taxable at the rate of 18%. WebUnder pre GST regime, each indirect taxes has separate taxable event (such as manufacture in case of Excise Duty, provision of services in case of Service Tax, sale of goods in case of VAT/ CST, etc.) Under the GST regime, the taxable event is supply of goods or services or both. The scope of supply has been discussed in detail in unit-2. doncaster station car park
Intermediary services under Goods and Services Tax Act
WebApr 23, 2024 · “intermediary” means a broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of goods or services or both, or … WebApr 14, 2024 · As per Section 2 (13) of the IGST Act, an “intermediary” means a broker, an agent or any other person who arranges or facilitates the supply of goods or services or both, between two or more persons, but does not include a person who supplies such goods or services on his own account. WebSep 20, 2024 · Pursuant to 45th GST Council recommendations, the CBIC vide Circular No. 159/15/2024-GST dated September 20, 2024 issued clarification on doubts related to scope of “Intermediary”. Representations have been received citing ambiguity caused in interpretation of the scope of “Intermediary services” in the GST Law. The matter has … doncaster talent and innovation ecosystem