Revisiting Classic Decisions-#1- Global payment solution provider MasterCard has a PE in India: AAR

In re MasterCard Asia Pacific Pte. Ltd. (GST AAR Delhi) This legal digest is an attempt made to analyse classic case laws on a weekly basis from both the Direct and Indirect Tax legislations and deeply understand the nitty-gritties of legal provisions. Highlights of the Judgement of MasterCard Asia Pacific Pte Ltd (a 123 page verdict) in an AAR application under the Income Tax Act, 1961 (June 2018): The applicant is a Singapore entity (belonging to the MasterCard International Incorporated). It enters into agreements with customers (banks) for transaction processing and payments related servic...