AAR: Reimbursement to Foreign Holding-Company for provision of Credit Card facilities to Applicant’s employees subject to IGST@18%

Tamil Nadu AAR holds the Applicant liable to pay IGST @18% on reimbursement of expenses to Parent/Holding Company located in USA (ICU Medicals Inc.) for settlement of credit card liability under ‘reverse charge basis’ as per Notification No. 10/2017 dated June 28, 2017; Notes that ICU Inc. has entered into a contract with Wells Fargo Bank located in USA through which certain employees of the applicant are extended with the credit card issued by the said bank; Observes tha...