The Hon’ble AAR Maharashtra held that financial assistance to be received by the Indian subsidiary is a ‘consideration’ for supply and agreeing to do some acts under contract for the activity of imparting training to students, unskilled workers etc. by an Indian Subsidiary pursuant to financial-aid received under Germany’s economic programme for developing countries is ‘supply of service’ classifiable under SAC Heading 999792 vide Notification-11/2017 – Central Tax (Rate), which pertains to “Agreeing to do an Act”.
Source: a2ztaxcorp.com
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