Major GST relief for foreign holding cos in intra-loan transactions
In a relief for foreign firms giving loans to Indian subsidiaries, tax authorities have said goods and services tax (GST) will not be imposed on them, subject to some caveats.
Tag: loan by overseas affiliate to Indian affiliate
Circular no. 218/12/2024-GST dated 26.06.2024
CBIC issued a Circular No. 218/12/2024-GST dated 26.06.2024 to provide Clarification regarding taxability of the transaction of providing loan by an overseas affiliate to its Indian affiliate or by a person to a related person