MNC Arms denied GST sops as indirect tax department deems them intermediaries

Mumbai: Subsidiaries of multinationals and Indian companies providing services to foreign entities have been deemed intermediaries or middlemen by the indirect tax department. As a corollary, the department has started rejecting Goods and Services Tax (GST) refunds—a benefit extended to exporters—for subsidiaries of multinationals in the information technology sector and Indian production houses, said sources. This comes at a time when the tax