Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
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Recovery of joining bonus, retention bonus, work from home one-time setup allowance, and tuition assistance program expenses by an employer from employees who voluntarily exit before serving the pre-agreed period is not taxable under GST. These are considered perquisites provided by the employer as per contractual agreement and their recovery is akin to forfeiture of salary or recovery of bond amount, which is not taxable under GST as per Circular No. 178/10/2022-GST. The intention behind such bonus/allowance is to incentivize and motivate employees to remain in the organization. The recovery of these amounts is not a supply of service and hence not taxable under GST.
Recovery of joining bonus, retention bonus, work from home one-time setup allowance, and tuition assistance program expenses by an employer from employees who voluntarily exit before serving the pre-agreed period is not taxable under GST. These are considered perquisites provided by the employer as per contractual agreement and their recovery is akin to forfeiture of salary or recovery of bond amount, which is not taxable under GST as per Circular No. 178/10/2022-GST. The intention behind such bonus/allowance is to incentivize and motivate employees to remain in the organization. The recovery of these amounts is not a supply of service and hence not taxable under GST.
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