CBEC FAQs clarify taxation of accommodation services, employee fringe benefits/reimbursements, merchant-exporter supplies

CBEC releases FAQs covering various queries relating to composition, exports, invoice and returns, job work, levy, transition, reverse charge, registration as received from various sectors; FAQs inter alia clarify that monetary compensation paid to employees will not be considered as ‘supply’ but fringe benefits shall be liable to tax if not exempted; Reimbursement to staff is an expense in the course or furtherance of business and if same is against a taxable s...