Nasscom hails GST Council’s clarification on scope of ‘intermediary services’
The Hindu
GST Council’s recommendations included issuance of certain circulars to remove ambiguity and legal disputes on various issues.
Nasscom on Saturday said the GST Council’s clarification on scope of intermediary services will ensure that Business Process Management (BPM) exports/R&D exports and IT services-related exports are no longer denied the export status by the enforcement authorities.
On Friday, GST Council’s recommendations included issuance of certain circulars to remove ambiguity and legal disputes on various issues. This included clarification on scope of “intermediary services” and clarification relating to interpretation of the term “merely establishment of distinct person” with reference to a section of the IGST Act 2017 for export of services.
“Nasscom welcomes the decision of the GST Council to issue a circular to clarify the scope of intermediary services. We expect this to lay at rest a long pending issue for the BPM industry and ensure that BPM exports/R&D exports and IT services related exports will no longer be denied the export status by the enforcement authorities,” Nasscom said in a statement.
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