GST Council set to redefine export definition, clarify overseas branch services

The GST Council is expected to review a proposal to redefine the definition of export for services. The move aims to remove ambiguities related to services provided through overseas branches of Indian companies and align export definitions with forex earnings.

The changes are anticipated to enhance clarity for exporters and reduce litigation regarding the location of service supply. The proposal is likely to benefit various sectors including IT, consulting, and engineering firms that operate through overseas branches.