CBEC / Govt. tweets regarding GST on employee gifts, banking services & reporting of exempted supplies

Govt. / CBEC clarifies on twitter that GST would not apply to services provided by bank located outside India to account holder (recipient) in India since place of supply shall be ‘location of supplier’ in terms of Section 13(8) of IGST Act; All exempted and non-GST outward supplies are required to be reported in Table 8 of GSTR-1, which will inter alia include purchase / sale / redemption of Govt. securities, Treasury Bills, Corporate bonds or interest receipt thereon; S...