Friday, June 12, 2020

Brokerage received by Reinsurance Broker in Indian Rupees treated as receipts for Export in Foreign Currency, No Service Tax applicable: CESTAT [Read Order]

The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) in the light of the decision of the High Court of Madras has decided that the amounts which have been retained as a brokerage in Indian Rupees by deducting instead of remitting the entire amount abroad and receiving back foreign currency should be treated as receipts for […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2XUlxzo

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