The Maharashtra Authority for Advance Ruling (AAR) has held that the Integrated Goods and Service Tax (IGST) would be applied to transfer of monetary proceeds by IVL India under the reverse charge mechanism.
Source Taxscan
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