GST only on mark-up in case of issue of ESOPs to employees of Indian subsidiaries

CBIC circulars clarify GST implications for foreign holding companies charging additional fees for Employee Stock Options. MNCs need precise documentation with parent/affiliate companies to avoid GST obligations. Reimbursements on a cost-to-cost basis exempt from GST. Services imported trigger GST under reverse charge. Domestic companies must understand and fulfill their GST payment responsibilities.

No GST on hostels, rail platform ticket, waiting room, ESOPs

times of india - 22/Jun 20:59

GST Council exempts hostel fees, platform tickets, and more from GST. Hostels under Rs 20,000/month are exempt. Nirmala Sitharaman announces tax...

GST waiver on ESOPs spells relief for cos like MS, Google, Oracle

times of india - 23/Jun 19:13

The GST Council waived the levy on ESOPs benefiting companies like Microsoft, Google, Oracle in India. The decision was made after months of pending...

Exempt varsities from IPPIS, fulfill agreements, ASUU tells FG

eduwheel.com.ng - 25/Jun 19:16

The Academic Staff Union of Universities has urged the Federal Government to fulfil its promise to remove its members from …

The Essential Role of a Lease Administrator in Modern Businesses

theknowledgereview.com - 28/Jun 13:16

In commercial real estate, a lease administrator plays a pivotal role in managing and maintaining the various aspects of lease agreements. This...

Crude Prices to Determine Cost of Dangote Petrol, Say Industry Leaders

naija247news.com - 00:30

As Premium Motor Spirit (PMS), also known as petrol, from the Dangote Petrochemical Refinery enters the Nigerian market in two to three weeks,...

Industrial Magistrates Court rules in favour of union over underpaid City of Stirling employee

thewest.com.au - 18:00

The Industrial Magistrates Court has found the City of Stirling underpaid an employee, with a union labelling the decision as having ‘monster...

GST notices pending against less than 2% of taxpayers: FM Sitharaman

times of india - 22/Jun 21:19

Finance minister Nirmala Sitharaman reassured taxpayers of easing their lives under CGST. She addressed concerns over opposition attacks on GST,...

PhilHealth taps A.I. platform to speed up reimbursements

businessmirror.com.ph - 24/Jun 16:08

WITH the delays in health insurance claims of health facilities in the Philippines, state-run health insurer Philippine Health Insurance Corporation...

International Yoga Day 2024: Unlocking Mental Wellness And Peak Productivity With Yoga

zeenews.india.com - 20/Jun 13:43

In the corporate world, an increasing number of companies are recognizing yoga's potential to enhance employee productivity and well-being.

‘Deeply concerning’: ANZ sanctioned for charging fees to accounts of dead customers

smh.com.au - 02/Jul 01:08

The banking watchdog has named and shamed ANZ, saying the bank breached its code obligations by failing to stop or refund fees charged to estates of...

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