Biocon gets over Rs 3 crore penalty over GST related issues
Biocon Ltd on Friday said it has been imposed a penalty of over Rs 3 crore over GST-related issues. The…
Tag: export of service
Lenders Ask Government To Take FPI Custody Services Out Of GST
Foreign lenders are urging government intervention to exempt custodian services from the Goods and Services Tax (GST), according to sources…
Marketing and support services provided in India on direction of the foreign Company is export of service
The CESTAT, Bangalore in M/s. Sun Microsystems (I) Pvt. Ltd. v. Commissioner of Central Excise & Service Tax, LTU set aside the demand order passed by the Adjudicating Authority and held that, marketing, sales promotion, and technical pre-sales support service provided by the assessee to Indian customer on the direction of the foreign company tantamount to ‘export of service’.
Investment advisory services to foreign companies qualifies as export of service
The Hon’ble Delhi High Court in M/s. Cube Highways and Transportation Assets Advisor Private Limited v. Assistant Commissioner CGST Division & Ors. held that, the advisory services were treated as ‘export of services’ under service tax and the assessee was not treated as ‘Intermediary’ under the Finance Act, 1994 and since, the definition of ‘Intermediary’ is similar to the definition under Sub-section (13) of Section 2 of the IGST Act therefore the advisory services to be treated as export of service.
R&D services provided to the foreign company considered as export of service
The AAR, Gujarat, in M/s. Hilti Manufacturing India Pvt. Ltd. held that, services provided by the assessee to the entities located outside India is covered under section 13(2) of the IGST Act. Accordingly, such services would qualify to be treated as export of service.
Refund application cannot be rejected without giving proper reason
The Hon’ble Delhi High Court in the matter of M/s Chegg India Pvt. Ltd. v. Commissioner of Central Goods and…