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  

962F495E-078B-4BEF-A69C-1FF1EA2F5CEE___20191114082954___.jpeg
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  
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  
Salary is not coming under goods and services. But coming under Income tax, and CXO salaries already have 30-40% tax deductions more  
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."

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  
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  
Post a Comment

Related Posts

    • A SECOND WELCOME NO FROM INDIA TO SAVE THE INDIAN TRADE

      Well questioned the Amazon Chief by the Minister . This was not the situation earlier as India would always hesitate to Challenge . Earlier withdrawing / Post Poning y from RCEP [Regiona...

      By Jayakumar Daniel
      /
    • Govt saying no to Investment yesterday

      The Govt yesterday looked down upon 1 Billion Amazon investment. China reaches $10000 per capita income. India is just around $2000/. That is the gap we need to bridge. Going by the cur...

      By Sudesh Rai
      /
    • State of Indian Economy

      What last CEA is presenting seems like the economy is not in recession but depression. Can all of u look at these 4 charts and share inputs on why they are accurate or inaccurate. Please no anecdot...

      By Nikita Merchant
      /
    • How Govt makes it difficult to do business

      Local administration gets a private company to make an app. No one knows about it. Then sends notices to pay 50000 to 8000 companies for not registering on the app. Attached.

      By Ajay Dutta
      /
    • Now airtel brings out its begging bowl

      Like kumar mangalam birla last week was asking govt for package, now sunil bharti mittal is saying me too. Arre bhaiya jab apne hundreds of employees ko crores baant rahe the aap, tab ky...

      By Sudesh Rai
      /
    • Current slowdown is very real

      29% people last month have defaulted on EMI payment due to business downturn and 36% due to delayed salaries. There is a major cash crunch in the industry. The surveyors looked at 200000 cases that...

      By Mala Sehgal
      /
    • India searching for a landing site - The Economist

      Global investors once fell in love with India’s growth “story” because of people like Shanmuga Subramanian. Educated in mechanical engineering, he became a computer programmer, wo...

      By Naina Mittal
      /
    • NEFT 24x7 notification

      My wife has shared the details about how her inputs were taken on making NEFT 24*7 by these circles which is commendable. Attached is the 24*7 neft notification. If your bank doesnt make...

      By Arjun Singh
      /
    • Be ashamed KM Birla

      For saying you need a bail out from the Govt to continue Vodafone - Idea as a going concern. The Govt if you bail this, you need to bail every startup every SME in this country hundreds ...

      By Sudesh Rai
      /
    • Staring at an abyss

      This article is about my Uncle M, a man whom I love and respect very deeply. He is an entrepreneur, making a precision cutting tool for the leather industry for nearly four decades now, and has alw...

      By Rohit Jain
      /
    • 200000 mid levels IT jobs to go in 12 months

      Today's ET says more than 200,000 mid level IT employees losing jobs in next one year. Already white collar jobs are not growing. Now more job losses. I would keep my expectations on economic growt...

      By Naina Mittal
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)