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GST Council Clarifies Place of Supply for Custodial Services by Indian Banks to Foreign Investors

  • GST Council clarifies place of supply for Custodial Services provided by Indian Banks to Foreign Portfolio Investors
  • Place of supply determinable under Section 13(2) of the IGST Act, 2017
  • Detailed clarification to be issued by CBIC soon
  • Meeting chaired by Smt. Nirmala Sitharaman, Union Finance Minister
  • Revenue Secretary, CBIC Chairman also present at the meeting

Source: taxscan.in

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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