Taxman gears up to impose 18% GST on CXO salaries - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Taxman gears up to impose 18% GST on CXO salaries

The tax department wants companies to proportionately distribute common costs from head office to branch offices and treat this as a supply. Once this is treated as supply, 10% of it has to be added to the cost and 18% Goods and Services Tax (GST) could be levied on the total amount.

from Economy-News-Economic Times
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