Summary
- The Central Board of Indirect Taxes and Customs has released FAQs clarifying recommendations from the 57th GST Council meeting, dated October 9, 2026.
- Key topics include GST treatment of seaweed-extract bio-stimulants, classification of toys, and the applicability of concessional rates for second-hand car dealers.
- A notable change involves the proposed 2% Tax Deducted at Source on specified waste and scrap transactions between registered persons.
- These clarifications aim to streamline compliance and will be formalized through upcoming notifications on the CBIC website.
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