https://www.taxtmi.com/circulars?id=69320 The circular clarifies that securities/shares allotted by a foreign holding company to employees of an Indian subsidiary as part of ESOP/ESPP/RSU are neither goods nor services; where the domestic subsidiary reimburses the foreign holding company on a cost to cost basis, no supply arises and GST is not leviable. If the foreign holding company charges any additional fee, markup or commission beyond cost, that additional amount is taxable as an import of services and GST must be paid by the domestic subsidiary under reverse charge. en-us Fri, 05 Jul 2024 00:00:00 +0530 Tue, 10 Mar 2026 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69320 The circular clarifies that securities/shares allotted by a foreign holding company to employees of an Indian subsidiary as part of ESOP/ESPP/RSU are neither goods nor services; where the domestic subsidiary reimburses the foreign holding company on a cost to cost basis, no supply arises and GST is not leviable. If the foreign holding company charges any additional fee, markup or commission beyond cost, that additional amount is taxable as an import of services and GST must be paid by the domestic subsidiary under reverse charge. Circulars GST - States Fri, 05 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69320