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Informative

GST relief for foreign shipping companies, airlines, and MNCs

Update / Judgement Date

05 Jul 2024

Source

CNBC TV18

Author

Team — WCP Legal Desk

Reading Time

1 min read

GST

Sources revealed to CNBC-TV18 that recent GST notifications will nullify ₹1 lakh crore in DGGI notices to foreign shipping lines, ₹15,000 crore to foreign airlines, and ₹4,000 crore to MNCs, settling these cases on an "as is where is" basis. Additionally, the DGGI will now need CBIC approval for tax notices, aiming to reduce litigation and improve the ease of doing business.