MVIRDC seeks clarity on ITC on capital goods and GST treatment of ESOPs

With Goods and Services Tax (GST) still far away from 'one nation, one tax' objective with several tax slabs and exemptions, an industry body has suggested several measures including clarifying the position on levy of GST on Employee Stock Option Plans (ESOPs) to achieve the goal.  MVIRDC World Trade Center, in a memorandum to the Central Board of Indirect Taxes (CBIC) and the…