Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
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.
TaxTMI 
TaxTMI 
of 4910 
