Section

DGGI drops ₹3,000 crore tax demand on 18 foreign shipping firms for FY18

By Economic Times - 3 months ago
The Directorate General of Goods and Services Tax Intelligence (DGGI) dropped a ₹3,000 crore tax demand for 2017-18 against 18 foreign shipping companies, following their joint declaration of no service imports in that year. However, the tax demand for subsequent years remains pending, with ongoing investigations and further decisions awaited from the GST Council.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.