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The concept of “intermediary” in Indian indirect tax law was first introduced under Rule 9(c) of the Place of Provision of Service Rules, 2012, under the erstwhile Service Tax regime.
The Hon’ble Delhi High Court in the case Thales India Private Limited held that the GST Department cannot refuse to process refund on the ground that it does not accept a binding High Court decision, especially when no stay or appeal exists.
CBIC on Thursday clarified that if an MNC subsidiary in India as service recipient is eligible to claim full input tax credit (ITC) under the GST, the value declared by the overseas affiliate in the invoice will be treated as the taxable value.
CBIC issued a Circular No. 210/4/2024-GST dated 26.06.2024 to provide clarification on valuation of supply of import of services by a related person where recipient is eligible to full input tax credit
The Goods and Services Tax (GST) Council in its meeting on June 22 is likely to give tax relief on the import of maintenance, repair and operations (MRO) services for foreign airlines in India from the current 18 percent, a government official said.
India could exempt supply of services between the head offices and local entities of foreign airline operators from the goods and services tax (GST), said people familiar with the matter.
The government is working on easing the ‘related party transaction’ clause under the Goods and Services Tax, for foreign companies in India.