18% gst on CXO salaries
Everyone please read attached. If you all agree, Let us request LocalCircles to take this up like they took up the matters of tax date extensions recently more
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So, if one company cross-charges costs to it's subsidiary, parent or associated company, then it may have to charge GST. The receiving company can therefore claim the GST as input. Thus between the 2 companies, there is no GST. It's more about transactional transparency than GST revenue to the Govt.
The same concept is applied almost all over Europe. India should be no different. Of course, the GST regime needs to be simplified further before such concepts are implemented. more
The same concept is applied almost all over Europe. India should be no different. Of course, the GST regime needs to be simplified further before such concepts are implemented. more
Nov 18
I think no one has read the article clearly. It's not about GST on salaries - it's about GST on cross-charge of salary costs between 2 companies of the same group. It's to do with business activity and not staff/employee salaries. more
Nov 18
Salary is not coming under goods and services. But coming under Income tax, and CXO salaries already have 30-40% tax deductions more
Nov 16
This is real bull shit please refrain from sending such mail with fake points of concern.
"Central Board of Indirect Taxes & Customs (CBIC): CBIC, today, clarified that salaries are not subject to Goods and Services Tax (GST) and no GST has been demanded on salaries paid to CEOs or employees."
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> On 14 Nov 2019, at 21:07, Sridhar Mohan <connect@localcircles.info> wrote:
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> Sridhar Mohan
> Sridhar Mohan shared a new photo in "Startup/Making Doing Business Easier in India ".
> Subject: 18% gst on CXO salaries.
> Everyone please read attached. If you all agree, Let us request LocalCircles to take this up like they took up the matters of tax date extensions recently
> View Attachment(s)/Reply Reply to this email to post a comment.
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"Central Board of Indirect Taxes & Customs (CBIC): CBIC, today, clarified that salaries are not subject to Goods and Services Tax (GST) and no GST has been demanded on salaries paid to CEOs or employees."
Sent from my iPhone
> On 14 Nov 2019, at 21:07, Sridhar Mohan <connect@localcircles.info> wrote:
>
>
>
>
> Sridhar Mohan
> Sridhar Mohan shared a new photo in "Startup/Making Doing Business Easier in India ".
> Subject: 18% gst on CXO salaries.
> Everyone please read attached. If you all agree, Let us request LocalCircles to take this up like they took up the matters of tax date extensions recently
> View Attachment(s)/Reply Reply to this email to post a comment.
>
> If you believe that this post is inappropriate for this Circle, report it.
> If you don't want to receive emails from us in future, please Unsubscribe.
>
> more
Nov 15
This is extremely unfortunate, since a CXO accepts the position based on his pay hike or perks. A CXO is like any other employee and should be taxed at par with the rest of the workforce. If we tax the CXO then, we must tax the CEO, CMO, CIO, CAO, CSO and board members at par with 18% slab on Pay & Allowance. more
Nov 14
