https://www.taxtmi.com/article/detailed?id=17285 GST liability must be assessed as an import-of-service issue under the IGST and CGST framework, rather than by mechanically applying a tax rate to aggregate foreign remittances. Each payment requires classification by reference to the actual supply, supplier, recipient, contractual consideration, place and time of supply, applicable exchange rate and reverse-charge mechanism. Cancellation of the proposed event does not itself negate liability where payments secured contractual rights or services, while refunds or absence of taxable supply require examination under statutory adjustment mechanisms. Outward remittance records alone do not establish the ultimate recipient or legal character of payment. en-us Wed, 26 Aug 2026 08:30:13 +0530 Wed, 26 Aug 2026 08:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17285 GST liability must be assessed as an import-of-service issue under the IGST and CGST framework, rather than by mechanically applying a tax rate to aggregate foreign remittances. Each payment requires classification by reference to the actual supply, supplier, recipient, contractual consideration, place and time of supply, applicable exchange rate and reverse-charge mechanism. Cancellation of the proposed event does not itself negate liability where payments secured contractual rights or services, while refunds or absence of taxable supply require examination under statutory adjustment mechanisms. Outward remittance records alone do not establish the ultimate recipient or legal character of payment. Articles Goods and Services Tax - GST Wed, 26 Aug 2026 08:30:13 +0530 https://www.taxtmi.com/article/detailed?id=17285