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NASSCOM proposes structural rationalisation of GST norms for Head-to-Branch Office transactions
Source: Hindu BusinessLine · 1 hr ago
Summary
NASSCOM has asked the Finance Ministry to simplify GST rules for services exchanged between a company’s head office and its overseas branch, seeking to treat such intra‑entity supplies as exports and thus zero‑rated. The industry body proposes deleting the current “export” definition that excludes these services, issuing a single clarifying circular, and allowing refunds based on foreign‑exchange receipts, aiming to remove extra tax costs and disputes.
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NASSCOM asked to delete the new definition of ‘export’ that excludes services between establishments
Excerpt from Hindu BusinessLine.
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