No GST on World Economic Forum’s Liaison office

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A piece of welcoming news for World Economic Forum offices in India. The news is No GST on World Economic Forum’s Liaison Office in India. As a result of this update, the India liaison office will not need to be registered locally. In this article, we will understand this new update by AAR, Maharashtra.

What is the World Economic Forum?

The International Organization for Private Public Cooperation is the World Economic Forum.

The Forum is devoted to shaping global, regional, and industrial agendas with the leading political, economic, cultural, and other leaders of society. It was founded as a non-profit foundation in 1971 and has headquarters in Geneva, Switzerland.

The WEF’s aim is to unite key leaders from all areas of global society and to discover the best approaches to tackle the biggest issues of the world. Awareness and cooperation are created through the World Economic Forum, which brings together leaders from industry, the government, international organizations, academia, civil society, and young people in order to promote a positive change.

The WEF helps to shape mindsets and agendas, publishing leading studies, strategies, and policy frameworks, which impact public opinion, business policies, and government goals.

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Latest News – No GST on World Economic Forum’s liaison office.

Recently, the Liaison Office of WEF wanted to carry out Liasioning activities to assist the WEF in undertaking the Fourth Industrial Revolution activities in India. However, they asked AAR(Authority of Advance Ruling) whether they are liable to register under GST?

The Authority for Advance Ruling in Maharashtra states that the forum’s liaison office in India is not liable to goods and services tax (GST) on services received from the head office.

As a consequence of the ruling, the India liaison office does not need to be registered locally.

Punjab GST collection rises by 20.41% in August 2021

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