GST reforms to boost global capability centres’ growth in India: Report

The GST reforms will directly bolster global capability centres’ (GCCs) operations in India — not just with tax adjustments but also helping them with enhanced global competitiveness, cost structures and cash flows, a report said on Sunday.

The 56th GST Council meeting has delivered one of the most sweeping tax overhauls since 2017.

Earlier, services by GCCs to overseas affiliates often faced the risk of “intermediary” classification, leading to disputes, GST taxability on services and denial of export benefits, according to the report by Grant Thornton Bharat.