Significant economic presence: purchases of goods in India solely for export excluded from taxable presence under amended rule. An inserted proviso in Explanation 2A to clause (i) of sub-section (1) excludes transactions or activities confined to the purchase of goods in India for ... Summary
Significant economic presence: purchases of goods in India solely for export excluded from taxable presence under amended rule.
An inserted proviso in Explanation 2A to clause (i) of sub-section (1) excludes transactions or activities confined to the purchase of goods in India for the purpose of export from constituting significant economic presence, and an existing proviso's wording is changed from "Provided further" to "Provided also."
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