Circular No. 240/34/2024-GST

Date Issued: 31 December 2024
State: Central
Source: CBIC
Views: 11

Summary

This circular clarifies the input tax credit treatment for electronic commerce operators in relation to services supplied through their platform under section 9(5) of the Central Goods and Services Tax Act, 2017. It states that such operators are not required to reverse input tax credit proportionately on inputs and input services for these supplies, and that the tax liability on these supplies must be paid only through the electronic cash ledger. The circular also notes that the credit may be used for tax liability on services supplied on the operator’s own account.