Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
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.
Note: It is a system-generated summary and is for quick reference only.
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