Tax dept wants cos to pay GST on non-compete fee - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Tax dept wants cos to pay GST on non-compete fee

Several private equity firms, strategic investors and others that have bought businesses and entered into these contracts with the sellers have received notices from the indirect tax department, demanding that they pay goods and services tax at 18% on the non-compete fee.

from Economy-News-Economic Times
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