India, Oct. 9 -- IT industry body Nasscom on Thursday said that the recommendations of the 57th GST Council meeting on overseas branches and R&D services address longstanding concerns related to service exports, input tax credit, refunds and compliance.

The Council, chaired by Finance Minister Nirmala Sitharaman, recommended removing existing restrictions on services supplied through overseas branches to qualify as exports, Nasscom noted in a statement. Under current regulations, services supplied from an Indian office to its overseas branch don't qualify as exports because both are treated as establishments of the same entity. "Subject to the other export conditions, it should reduce tax uncertainty, litigation and unnecessary working c...