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Reaction Quote on GST rates - CFO Nihilent Technologies
The Goods and Services Tax (GST) is widely acknowledged as one of most important tax reforms in recent decades. Further to the announcement,
The Goods and Services Tax (GST) is widely acknowledged as one of most important tax reforms in recent decades. Further to the announcement, GST council finalized tax rates for various services in which four slabs have been introduced 5,12,18 and 28 percent. Given this please find enclosed below a quote by:
Shubhabrata Banerjee, CFO Nihilent Technologies
“Taxability of transaction between the Head Office and Branch has been a subject of technical debate which will continue under GST Law.
When the law is implemented, the substance of the transaction will need to be considered i.e. whether the services have been rendered by Head Office & Branch and vice versa for internal consumption without consideration, or for furtherance of business.”
