Value of services where place of supply is in bhutan and nepal is included in the exempt supplies for the purpose of RULE NO. 42 and 43. What is the reason and purpose behind this??
Notification No. 42/2017-Integrated Tax (Rate) dated October 27, 2017, to provide exemption to supply of services having place of supply in Nepal or Bhutan, against payment in Indian Rupees.
No Reversal of ITC Required means the Rule 42, not applicable (As per Notification 55/2017 CT)
In my opinion to increase the trade between 2 country
CAclubindia
