Tag: GST

No more GST on employee perks

As per rules, the Goods and Services Tax (GST) is applicable on any transactions between two related parties, even if the transaction is done...

Serve notice period & avoid paying GST

Employees who quit their job without serving the notice period may have to pay goods and services tax (GST) on the notice pay —the...

No GST on nominal canteen expense paid by staff

Authority for Advance Ruling (AAR) has ruled that wherever canteen expenses are majorly taken care of by the employer and the employees are required...

New LTC scheme brings festive cheer to CG employees

We all knew that leave travel concession or LTC was an exemption claimed by employees in the government as well as private sector— under...

Hiring cabs to pick/drop staff? Cannot claim ITC on GST

According to the Himachal Pradesh bench of the Authority for Advance Ruling (AAR), input tax credit (ITC) for GST cannot be claimed by any...

Parle to lay off 10,000 in the face of slowdown

Falling demand and lack of government support are expected to be the reason for Parle Products considering a massive layoff of about 8000-9000 employees. The...

Salary structure could change soon, thanks to GST

GST on employer–employee financial transactions, even for subsidised services, could bring in a need to restructure salary packages.

Government to train youth for Goods and Services Tax

The new training course would cater to the need of GST-trained professionals to help businesses in areas, such as registration and calculation of tax liability under the new tax regime.

Perks under GST: Exemptions up to Rs 50K per year

The Ministry of Finance has clarified that gift has not been defined under GST law. However, in common parlance, a gift is made without consideration, is voluntary in nature and is made occasionally. It cannot be demanded as a matter of right by the employee.

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

200 R&D employees of Microsoft asked to leave

Close on the heels of laying off 1800 employees as part of a restructuring exercise, Microsoft has reportedly laid off 200 more. This time, it...

Latest

Amazon India lets students shadow its senior leaders for a day

In a bid to help develop and nurture future leaders, Amazon India has announced its unique initiative, ‘ADayAtAmazon’. Under this initiative, two selected B-school...

Moglix launches internship programme for children of armed forces personnel

Celebrating 75 years of Independence, Moglix, a B2B e-commerce platform has launched an internship programme called ‘Shaurya.’ This is a three-month internship programme in...

Former Twitter employee turns out to be a spy

Ahmad Abouammo, who used to work as a manager at Twitter, was found guilty of spying, money laundering, conspiracy and fraud. He has been...

Only 3.5% joblessness in the US, 5.28 lakh jobs added in July

While recession has not set in yet, it may not be too far away either feel some experts. At a time when economists were...

DIALOGUE

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...

“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...

Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...