GST applicability on credit card expenses reimbursements for India subsidiaries | AAAR-GST
Tamil Nadu Appellate Authority for Advance Ruling (AAAR) has recently ruled that any reimbursement by any Holding company for expenses incurred by employees of Indian subsidiary should be taxed under GST. Appeal Number AAAR/10/2021 Order No. and Date TN/AAAR/11/2021(AR) DATED 30.03.2021 Applicant Name M/s ICU Medical India LLP Brief Facts of the case M/s ICU Medical India LLP (subsidiary company) is engaged in the business of software development f or the Infusion system manufactured by its ultimate holding Company ICU Medical Inc. (Holding Company), having its place of business located at USA. ICU Inc., in turn has entered into a Cardholder User agreement with the employees of the Indian Company for issuance of Credit Cards . As per the details of the case, the holding company had provided credit cards to employees of the subsidiary for incurring business-related ...