GST authorities are raising inquiries in cases where shares of a foreign parent or holding company are being allotted to an Indian subsidiary’s staff under scheme like employee stock option plan (ESOP) and employee share purchase (ESPP).
Advertisements
Indian subsidiaries – largely in the technology section where ESOP is a popular employee incentive – are facing this issue in GST audit.
Separate inquiries are also being raised by authorities. According to tax experts and industry watchers, GST authorities in Karnataka were the first to raise this issue and officials in other states have followed suit.
Read more at : The Times of India
Share this content:
