TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification: Custodial Services to FPIs Not for 'Account Holders' Under IGST Act Section 13(8)(a), Follow Default Rule.</h1> The circular clarifies the place of supply for custodial services provided by banks to Foreign Portfolio Investors (FPIs) under the Integrated Goods and Services Tax Act, 2017. It states that these services are not considered as services provided to 'account holders' under Section 13(8)(a) of the IGST Act. Therefore, the place of supply should not be determined by the location of the service provider but under the default provision, sub-section (2) of Section 13. This clarification aligns with previous interpretations under the Service Tax regime, ensuring uniform application across field formations.
TaxTMI 
TaxTMI 
