arbitraltribunal
Vinay Gupta (271 Points)
07 February 2018
is gst levy on service provided by arbitral tribunal
2 Replies
CA Shilpi Jain
(Indirect taxation)
(155 Points)
Replied 07 February 2018
Only following services exempt:
Services provided by-
(a) an arbitral tribunal to –
(i) any person other than a business entity; or
(ii) a business entity with an aggregate turnover up to twenty lakh rupees (ten lakh rupees in the case of special category states) in the preceding financial year;
(iii) the Central Government, State Government, Union territory, local authority, Governmental Authority or Government Entity;
If provided to a business entity other than above, then liable under reverse charge mechanism.
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