Is a service procured from Beacon US in respect of the referral of the FIS client liable to tax under the IGST Act?

Last updated: 27 November 2021

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This advance ruling addresses whether services provided by Beacon US, concerning the referral of FIS clients, are subject to Integrated Goods and Services Tax (IGST). The Authority for Advance Rulings in Karnataka examined the specifics of the transaction to determine its tax liability under the IGST Act.

Court :
Centre The Commissioner of Central Taxes, Bangalore East Commissionerate, Bengaluru.

Brief :
Whether the service procured by the applicant from Beacon US in respect of the referral of the FIS client is liable to tax under the IGST Act, 2017 and consequently whether the said service qualifies as an import of service under Section 2(11) of the said enactment? If the answer to the above is yes, who is the person liable to tax in respect of the said services rendered by Beacon US to applicant?

Citation :
KAR ADRG 52/2021

THE AUTHORITY FOR ADVANCE RULINGS IN KARNATAKA GOODS AND SERVICES TAX VANIJYA THERIGE KARYALAYA, KALIDASA ROAD GANDHINAGAR, BENGALURU - 560 009
Advance Ruling No. KAR ADRG 52/2021 Dated : 29-10-2021
Present:
1. Dr.M.P. Ravi Prasad Additional Commissioner of Commercial Taxes . . . . Member (State)
2. Sri. T. Kiran Reddy Joint Commissioner of Customs & Indirect Taxes . . . .Member (Central)

Please find attached the enclosed file for the full judgement.

FAQ :

The ruling determines if services procured from Beacon US for referring FIS clients are liable to tax under the IGST Act.

The Authority for Advance Rulings in Karnataka issued this ruling.

The ruling considers liability under the Integrated Goods and Services Tax (IGST) Act.

The advance ruling was dated 29-10-2021.

Attached File : 1442821_4661_workplaceoptionsindiaprivatelimited81121.pdf

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Judgement posted by

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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