Tag: article
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Is Reverse Charge Transaction Covered Under E-Invoicing?
GST Article – Is Reverse Charge Transaction Covered Under E-Invoicing? Introduction E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether it applies to transactions that fall under the ambit of the Reverse charge mechanism under GST. This article aims to provide a comprehensive understanding of the…
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GST On Intermediary Services
Introduction The Goods and Services Tax (GST) regime in India has brought about a significant transformation in the taxation landscape. One of the critical aspects under the GST Law is the taxation of intermediary services. In this article, we will delve into the intricacies of intermediary services, providing a comprehensive overview of their definition, examples,…
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Taxation of ESOPs in India and Abroad
Introduction Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially in startups that may not be able to offer hefty pay packages. ESOPs provide employees with an opportunity to become equity shareholders of the company over a period of time. However, the taxability of ESOPs can be complex. In…
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GST on Health Care Services and Hospital Room Rent
Introduction The healthcare industry has traditionally been spared from indirect taxes on its services, given its critical role and the goal of reducing healthcare costs. The application of taxes on healthcare services could directly affect the general public in the form of increased treatment costs. However, such tax relief has not been extended to cosmetic…
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Exemptions Available to Pure Labour Service Under the GST Law
Introduction The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It has replaced all other types of indirect taxes applicable to goods and services in India. However, certain goods and services are exempted from GST, and one such service is the service of pure labour.…