Reimbursement of Expenses by Subsidiary to Holding Company Abroad is a Service Under GST, Subject to 18% IGST.

Reimbursement of Expenses by Subsidiary to Holding Company Abroad is a Service Under GST, Subject to 18% IGST. https://www.taxtmi.com/highlights?id=55219 Supply or not - Levy of GST - reimbursement of expenses from the Subsidiary Company to its Ultimate Holding company located in a foreign territory outside India - this transaction falls within the definition of services and is for a consideration as defined in Section 2(7) and Section 2(31) of the Act. - the applicable rate of IGST is 18% - AAR en-us Mon, 19 Oct 2020 20:10:11 +0530 Mon, 19 Oct 2020 20:10:11 +0530 TaxTMI RSS Generator Reimbursement of Expenses by Subsidiary to Holding Company Abroad is a Service Under GST, Subject to 18% IGST. https://www.taxtmi.com/highlights?id=55219 Supply or not - Levy of GST - reimbursement of expenses from the Subsidiary Company to its Ultimate Holding company located in a foreign territory outside India - this transaction falls within the definition of services and is for a consideration as defined in Section 2(7) and Section 2(31) of the Act. - the applicable rate of IGST is 18% - AAR Highlights GST Mon, 19 Oct 2020 20:10:11 +0530 https://www.taxtmi.com/highlights?id=55219