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Since last year, during the GST audit, most GST Authorities have questioned the taxability of ESOPs issued by the Indian Subsidiary company to the employees of its foreign holding company. GST Authorities were content that such a transaction is considered an Import of service, and therefore, domestic Indian companies are liable to pay GST on the same under RCM.
If you follow my blog, you know that I am a game enthusiast and that extends into my teaching. Anyways, I created a few Wordles for early in the Introductory Financial Accounting course. These Wordles use words that are common to most, if not all, first chapters in introductory financial accounting textbooks.
Since last year, during the GST audit, most GST Authorities have questioned the taxability of ESOPs issued by the Indian Subsidiary company to the employees of its foreign holding company. GST Authorities were content that such a transaction is considered an Import of service, and therefore, domestic Indian companies are liable to pay GST on the same under RCM.
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