Taxing C-suite salaries

The recent media reportage of an alleged plan to levy GST on C-suite and other corporate salaries, and an immediate clarification by the Central Board of Indirect Taxes (CBIC) has focussed much attention on the issue. The debate necessitates introspection, owing to the consequences of such a decision, were it to be taken. At its heart, lies conferment of a distinct entity status, under GST law, to…