Consideration, whether in cash or otherwise, paid to employees, termed as Cost to Company (CTC) for work done during employment, is exigible to income tax and not indirect taxes. In terms of the GST legislation, consideration paid by an employer to the employee (i.e. salary) for rendering services in the course of employment would not be liable to GST. However, the GST law does not provide clarity in cases where the employer reimburses certain expenses to its employees that are outside the purview of the employee’s CTC or recovers certain expenses for facilities provided to employees.
Tanushree Roy, Director- GST with inputs from Himanshu Arora, Nangia & Co LLP contributed an article on Tax talk: Employee contracts need to be re-worded post GST for Financial Express.
Nine months after the Goods and Services Tax was ushered in, taxpayers are beginning to enter the comfort zone in filing their returns. But experts feel that a lot more can be done by the GST Council and the GSTN to bring within the GST fold those still outside it.
Tanushree Roy, Director shares her views on aforementioned story for Hindu Business Line- Front page/first story.
The government had said the goods and services tax (GST) law’s ‘anti-profiteering’ clause will seldom be invoked and used only in cases of mass importance and of a national import, but barely a month into its existence, the Director-General of Safeguards (DG-S), the investigating arm of the authority concerned, has already got cracking.
Tanushree Roy, Associate Director shares her views on Anti-profiteering crackdown: McDonald’s, Honda, HUL dealer caught in net; firms’ balance sheets under scanner now for Financial Express- Front page story.
Consumers now have recourse against arbitrary price hikes by from manufacturers under the Goods and Services Tax (GST) with the government now notifying the form for complaints to the National Anti-Profiteering Authority. The form requires basic details of the complainant, the seller or supplier and the product involved as well as information such as the GST Identification Number (GSTIN) and the tax component.
Tanushree Roy, Associate Director shares her views on aforementioned story for Hindu Business Line.