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Synopsis
The tax department has brought some of the top consultancies including McKinsey, Boston Consulting Group (BCG), Kearney and Blackstone Consulting under scrutiny along with some of the nation’s top law firms.
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The tax department is now disputing the refunds, claiming these services aren t exports.
Can fees charged by a consultancy based in India to provide services to a firm in the US be considered an export income?
This transaction is akin to that of a broker or an intermediary, as per the tax department’s rationale, but definitely not exports.
After back offices of multinational corporations, banks and Indian companies providing offshore support services, it is the consultancies and law firms that are in the cross hairs of the indirect tax department.