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GST Review July-2024

Summary of 23 CBIC Circulars issued after 53rd GST Council Meeting

Aditya Surte
Introduction The 53rd meeting of the GST Council, held on 22nd June 2024 in New Delhi, brought forth a series of pivotal decisions aimed at refining and streamlining the GST framework in India To ensure a clear and uniform application of these new guidelines, the GST Policy Wing of the Central Board of Indirect Taxes and Customs (CBIC) subsequently issued 23 detailed circulars – 16 circulars on 26.06.2024, 1 circular on 10.07.2024, 4 circulars on 11.07.2024 and 2 circulars on 15.07.2024. These circulars address a wide range of topics, from tax rate and classification clarifications to specific procedural clarifications, providing critical updates for businesses, tax professionals, and other stakeholders. Given the volume and complexity of these documents, professionals may find it challenging to extract the relevant information efficiently. This article is designed to alleviate that difficulty by presenting a succinct, bullet-point summary of e.......