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GST circular tweak to help Infy, others
The New Indian Express
|September 25, 2024
Confusion is about applicability where services are not free and nominal amount is charged
THE government is considering amendments in the GST circular 210, which clarifies on valuation of supply of services import by a related party where recipient is eligible to full input tax credit, to make it simpler for its correct interpretation by tax officers, according to a senior finance ministry official.
This is in context of the recent show cause notices sent to Infosys, foreign shipping lines and several food and beverage companies engaged in relatedparty transactions by the Directorate General of Goods and Services Tax Intelligence (DGGI). The circular was issued in June.
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