Followers

Thursday, December 14, 2023

Overseas staff on deputation: CBIC alert over GST notices

CBIC warns field employees about the increasing number of GST-demand notices served on Indian companies due to the deputation of overseas staff. The notices are being issued based on a Supreme Court judgment that held the secondment of employees as a taxable service. However, CBIC cautions against a 'one-size fit all' approach and emphasizes the need for a nuanced examination of each specific arrangement. The tax implications may differ based on the nature of the contract and terms and conditions.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8l6RBMF

No comments:

Post a Comment

Why 2 spice cos are in global regulatory soup

The spice industry is facing growth challenges due to regulatory actions against MDH and Everest brands for ethylene oxide contamination. Bo...