The most astounding and puzzling litigation in the GST ecosystem in India cannot beat the recent set of notices received by various corporate taxpayers of India Inc, on the proposed levy of GST at the rate of 18% on the so-called ‘service’ rendered by a holding company to an Indian Subsidiary company on account of merely holding equity shares in the subsidiary that bestow a controlling interest.
Source N V Raman Indirect Tax Expert
Latest Posts in "India"
- GST Reduction on Fruit Drinks Excludes Colas; Prices Remain Unchanged for Carbonated Beverages
- Supreme Court Stays Retrospective GST Penalty, Examines Applicability to Non-Taxable Persons
- India Unveils Simplified GST Rate Structure
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
- Guide to GST Refunds for Unregistered Persons: Cancelled Service Contracts Explained
