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India Business News: NEW DELHI: In a surprise move, SpiceJet and two foreign entities - Sharjah-based aviation company Sky One and Africa-focussed Safrik Investments - hav.
Indian subsidiaries of foreign companies, particularly in the technology sector, are facing GST scrutiny over issues with employee stock option plans (ESOP) and employee share purchase plans. Authorities are reportedly demanding the 18% service tax as the obligation lies with the Indian subsidiary to provide shares under an employment contract.