IT, ITeS cos may get to claim input tax credit for services delivered overseas

IT and  ITeS companies would now be able to avail refunds on taxes paid on inputs used in servicing global contracts jointly with their foreign outfits. The Goods and Services Tax Council has agreed to allow  input tax credit to service providers even if the contract is part delivered by group entity outside India, in a move seen to boost the business process outsourcing industry. “It ha…