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GST Implications on Transfer of Monetary Proceeds from IVL India to IVL Sweden

Case Law Details

Case Name
In re IVL India Environmental R&.D Private Limited (GST AAAR Maharashtra)
Date of Judgement/Order
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In re IVL India Environmental R&.D Private Limited (GST AAAR Maharashtra) AAAR, uphold the MAAR Order No. GST-ARA-50/2020-21/B-108  dated  01.12.2022 vide which it has been held that the transfer of monetary proceeds by the Applicant to IVL Sweden, will be liable for payment of Integrated Goods and Service Tax under reverse charge mechanism under Entry No.1 of Notification 10/ 2017 IGST(Rate) dated June 28. 2017. The case of IVL India Environmental R&D Pvt Ltd provides critical insights into the GST implications on transferring monetary proceeds to its parent company, IVL Sweden. The...
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