Demystifying Circular No. 193-GST: Comprehensive Guide for Business
The Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 193-GST to provide clarification on certain important issues related to the GST law. The circular aims to address ambiguities and concerns raised by taxpayers, ensuring uniformity in the interpretation and application of GST provisions across the country.
Key Highlights of Circular No. 193-GST
Taxability of Intermediary Services:
One of the significant clarifications offered in the circular is regarding the taxability of intermediary services. According to the circular, if an intermediary arranges or facilitates the supply of goods or services between two parties, the intermediary's services will not be considered as the principal supply.
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