Request to preserve the ongoing exemption of Goods and Service Tax (GST) for international air and ocean freight services

The Tax, Tariff and Regulatory Affairs Committee at AMCHAM made a representation to the Chairman of Central Board of Indirect Taxes and Customs (CBIC) on 8th Sept. 2021, with a request to preserve the ongoing exemption of Goods and Service Tax (GST) for international air and ocean freight services. government’s continued emphasis on promoting exports. We believe that GST on international air and ocean freight will increase business costs for exports. Such a shift in the tax position could result in significant issues for the Indian logistics industry, which in turn will negatively impact Indian exporters, including many small and medium-sized businesses

Request for clarification on export position for IT/ ITeS sector

The Tax, Tariff and Regulatory Affairs Committee at AMCHAM made a representation to the Chairman of Central Board of Indirect Taxes and Customs (CBIC) on 26th Aug. 2021, with a request for clarification on export position for IT/ ITeS sector. The clarifications were sought on entities being regarded as “merely establishments of a distinct entity” and on services provided by the IT/ITeS sector being regarded as “intermediary services”

Request for deferral of Sections 194Q, 206AB and 206CCA of the Income-tax Act, 1961

The Tax, Tariff and Regulatory Affairs Committee at AMCHAM made a representation to the Chairman of the Central Board of Direct Taxes (CBDT) on 30th June 2021, with a request for deferral of Sections 194Q, 206AB and 206CCA of the Income-tax Act, 1961. Considering the several concerns highlighted in the representation and in view of the substantial time and effort that would be required to build technical systems and processes to comply with the new requirements, it is humbly requested that the provisions of Section 194Q, Section 206AB and Section 206CCA of the Act are deferred to April 1, 2022