AAR: Rejects application relating to place of supply for being outside advance authority purview

Karnataka AAR rejects application of applicant seeking advance ruling as to whether the portfolio management services being provided by them to the non-resident Indian clients are taxable under GST; Perusing the definition of ‘export of service’ u/s 2(6) of IGST Act, 2017, notes that the place of supply of the services must be outside India for the services to be considered as export of services; Observing that, Section 97(2) of CGST Act which prescribes the issues on whi...