News
GST applicable on credit card expenses incurred by employees of MNCs' India arms, rules AAR
- Date:
- May 15, 2021
- Source:
- Economic Times
Credit card expenses incurred by employees of an Indian subsidiary are set to come under the Goods and Services Tax ( GST ). In a recent ruling by Tamil Nadu Appellate Authority for Advance Ruling ( AAR ) it was ruled that any expenses incurred by Indian employees and then claimed from the holding company should be taxed under GST. AAR ordered the levy of GST on reimbursement of…