Taxmen begin scrutiny of Unilever-GSK deal

Economic Times

Taxmen have begun to scrutinise the $3.8-billion (3.3-billion euro) Unilever-GSK transaction and could raise demand on the value of the sale of  Horlicks brand to the Anglo-Dutch multinational by invoking provisions relating to indirect transfer of shares, tax experts and lawyers said on Tuesday. Tax officials could also raise the issue that goods and  services tax (GST) of 12% is applic…

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