Tax expert Bimal Jain said: “Such AAR rulings are going against the concept of GST … services provided by Airbus India (applicant) to its holding company Airbus, France should have been export of services… the stated issue is a matter of concern while determining what is ‘intermediary services’ and its place of supply in terms of section 13(8) of the IGST Act, which is just copied from the Service tax regime w.e.f October 1, 2014.” The government should amend this place of supply provisions as location of recipient, on basic concept of GST, being destination based consumption tax to avoid unwanted litigation.”
Source: a2ztaxcorp.com
Latest Posts in "India"
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
- Guide to GST Refunds for Unregistered Persons: Cancelled Service Contracts Explained
- India Reduces GST on Solar and Wind Equipment to 5%, Cutting Renewable Energy Project Costs
- India Unveils Next-Gen GST: Simplified Tax Structure, Lower Rates, Boosts Business and Affordability
- Piyush Goyal Urges Industries to Pass GST Benefits to Consumers for Economic Growth