This article is co-authored by Shivam Mehta, Executive Partner and Tanya Garg, Senior Associate at Lakshmikumaran & Sridharan Attorneys
Read More_20240702195316_original_image_13.webp)
Pursuant to recommendations of the 53rd GST Council Meeting, the CBIC has now issued Circular No. 213/07/2024-GST dated June 26, 2024, clarifying that the transactions of issuance of shares by the foreign holding company to employees of domestic subsidiary company under ESOP/ESPP/RSU and corresponding reimbursement of cost of shares (on cost-to-cost basis) by the domestic subsidiary company do not constitute supply of services. It has been clarified that such reimbursements are towards issuance of shares which do not constitute supply of goods or service and hence, not liable to GST.
Read More
In this conversation with BW Legal World, Sumit Agrawal speaks about navigating complex regulatory landscapes, prioritising well being and how to approach the legal profession
Read More
