AAR: ‘CGST+SGST’ applicable on intermediary services provided to South Korea principal, not ‘IGST’

Gujarat AAR holds that “CGST + SGST”, not IGST, would be applicable on ‘provision of intermediary services’ provided by an Indian agent to its Korean principal, where the agent is earning commissions on sale of Korean manufactured sizing/warping machinery (weaving machineries) and its spare parts, in territory of India, in the capacity of an ‘intermediary”; Notes that the applicant has entered into an agency agreement with one UKIL Machinery Co. Ltd., its South Ko...