CBIC warns field employees about the increasing number of GST-demand notices served on Indian companies due to the deputation of overseas staff. The notices are being issued based on a Supreme Court judgment that held the secondment of employees as a taxable service. However, CBIC cautions against a ‘one-size fit all’ approach and emphasizes the need for a nuanced examination of each specific arrangement. The tax implications may differ based on the nature of the contract and terms and conditions.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News