- Government considering major GST relief for foreign airlines and shipping lines after elections
- Move expected to improve ease of doing business in India for foreign companies
- Easing compliance for related party transactions under GST for foreign firms
- Exemption from paying GST on import for airlines and shipping lines
- Discussion on exempting payment of GST for related party transactions with full input tax credit
- Issue to be examined by GST fitment committee and placed before Council after elections
- Aim to reduce compliance burden for foreign companies operating in India
Source: moneycontrol.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
