Eye Share : Taxability of Reimbursements - from the Cinders to the Burning Fire Again!

Taxability of reimbursements has been a matter of debate since the Service tax regime. The questions revolving around the abatement from value eluded from reimbursement has left the tax-payers in a fix.Mr. K Srinivasan(Senior Associate, RANK Associates) in his article, analyse the evolution of the erstwhile service tax regime in respect of taxation of reimbursements. The author also examines the statutory provisions under current GST regime that deal ...