GST Council may exempt foreign shipping lines from tax on overseas office services
- The GST Council may exempt foreign shipping lines from 18% GST on services provided by overseas headquarters to India offices.
- The relief could cover support such as software, central IT systems, vessel scheduling and management services.
- The Seamen’s Provident Fund Organisation may also get a GST exemption, similar to the Employees’ Provident Fund Organisation.
- Shipping and logistics firms may get export treatment for services provided to overseas customers through foreign offices, making them zero-rated.
Source: moneycontrol.com
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