Clarification on the Taxability of ESOP/ESPP/RSU Provided by a Company to Its Employees Through Its Overseas Holding Company
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- By Chetan Kulasri
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- Last Updated on 28 June, 2024
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Circular No.213/7/2024-GST dated June 26th, 2024
The CBIC has clarified that no supply of service would take place between the foreign holding company and the domestic subsidiary company where the foreign holding company issues ESOP/ESPP/RSU to the employees of domestic subsidiary company, and the domestic subsidiary company reimburses the cost of such securities/shares to the foreign holding company on cost-to-cost basis.
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