MNC back offices face rejection of GST refund claims
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New Delhi, Oct. 10 -- The back offices of several multinational companies present in India are being denied refund of taxes paid by them for goods and services used in the course of their business, with tax authorities refusing to accept their supplies to overseas parents as exports, said industry executives.
Taxes for goods and services used by exporters are refunded as a matter of policy to keep exports competitive in global markets but the denial of tax refunds are based on the premise that supplies to an entity's global parent do not amount to exports.
Several MNCs with operations in Gurugram, Haryana, are facing this, said an industry executive, who spoke on condition of anonymity.
Tax experts said unless the issue is resolved by ...
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