Infy, some global firms likely to get GST relief

Information technology (IT) giant Infosys and some foreign airlines and shipping companies are likely to receive some relief from the government on their massive GST liabilities, official sources told FE on Thursday. The GST Council is likely to take up the issue for discussion on September 9 and may deliberate on issuing guidelines regarding the same, the sources said.

“The fitment committee is examining the issue related to taxing import of services under the reverse charge mechanism (RCM). In case, there is a requirement to issue some clarification for some cases where taxes should not be levied, we will issue a circular,” an official told FE.