Advertising Companies not to be classified as “Intermediaries” between Foreign Clients and Media under IGST Act, CBIC clarifies [Read Circular]
Consequently, the place of supply for these services should not be determined under Section 13(8)(b) of the IGST Act, which pertains to intermediaries
By Navasree A.M - On September 12, 2024 11:09 am - 2 mins read
The Central Board of Indirect Taxes and Customs (CBIC) has issued a significant clarification regarding the classification of advertising companies under the Integrated Goods and Services Tax (IGST) Act. According to the latest circular issued after the 54th GST Council meeting, the advertising companies will not be classified as “intermediaries” between foreign clients and media…
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