In a significant interim ruling issued on 3 February 2022, the Delhi High Court held that, as a temporary measure pending a full hearing, a global provider of cloud services was entitled to receive payment from an Indian customer after the deduction of withholding tax (WHT) at 8%, rather than the 10% rate required by the tax authorities, since equalisation levy of 2% already was payable on the amounts by the nonresident taxpayer.
Source Deloitte
Latest Posts in "India"
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions
- Traders Face Penalties for Not Passing GST Reductions to Customers, Warns Government
- CBIC Clarifies GST Implications on Secondary or Post-Sale Discounts for Businesses
- India Slashes GST on Drones to 5%, Boosting Domestic Manufacturing and Sectoral Growth
