Developing
Business·22h agoAI summary
India's High Court Rules Against EY US in Tax Case, Impacting MNCs
India's High Court ruled that payments for employees deputed to India by foreign firms are taxable 'foreign technical services' (FTS), not cost reimbursements. This decision against EY US could increase costs for MNCs by up to 10%, prompting re-evaluation of secondment arrangements and GST liabilities.
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Economic Times