The Delhi Bench of the Income-tax Appellate Tribunal issued a decision concluding that contracts for the supply of equipment and contracts for services were in the nature of a “composite contract” for income tax purposes because each contract was dependent on the other and could not be seen independently.
Source KPMG
Latest Posts in "India"
- India Urges BRICS VAT Harmonisation to Boost Trade and Agriculture
- India intensifies GST enforcement for foreign digital-service providers under OIDAR rules
- India: GSTN Launches E-Invoicing for RCM Self-Invoices
- India GST Council Proposes E-Invoicing for Reverse Charge Purchases
- India: GSTN Introduces E-Invoicing for RCM Self-Invoices
