Commission from Foreign Buyers for Services & Procurement Excluded from ‘Intermediary Services’ Definition

Commissioner of G.S.T. and Central Excise Vs SNQS International Socks Private Limited (Supreme Court of India) Commission received from foreign buyers for services and procurement of goods do not fall under the definition of ‘intermediary services’ The Hon’ble Supreme Court in the case of Commissioner of Goods and Services Tax and Central Excise v. SNQS International Socks Private Limited [Civil Appeal Diary No(s). 8343/2024 dated March 19, 2024] dismissed the Commissioner of Goods and Services Tax and Central Excise (“the Appellant”) appeal. During the audit, the Appellant noted...