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Indirect Tax Weekly Digest | 22 July 2019

22 July 2019

Read more about Foreign Trade Policies, Indirect Tax Legislative and Judicial updates in The Indirect Tax Weekly Digest by BDO in India.

This edition of the weekly digest highlights:

  • AAR, Tamil Nadu - Subvention interest income received as ‘subsidy’ will be liable for GST;
  • AAR, Tamil Nadu - Profit-sharing agreement between the employee and shareholders are not liable to GST;
  • AAR, Goa - A registered person is eligible to avail ITC on Motor Vehicles purchased for demonstration purpose;
  • NAPA - Provisions of Section 171 of the CGST Act, 2017 can be invoked, only if there is a reduction in GST rate or an increase in ITC during the period of allegation.

We hope you find it useful and an interesting read.