No more GST notices for FY18: CBIC eases norms for foreign firms

Companies with head offices or branches abroad will not get any more show-cause notices (SCNs) regarding the GST dues for fiscal year 2017-18. The due date for the same was August 5. For the years subsequent to 2017-18, no new notices will be processed based on the June 26, 2024 circular. The circular dated June 26 from the Central Board of Indirect Taxes & Customs (CBIC) prescribed valuation…