Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
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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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