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Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The Central Government amends Notification No. 50/2017-Customs to revise expiry dates for specified concessional customs duty and IGST entries relating to goods under Chapter Heading 9801. For S. No. 597, the second proviso is replaced: item (i) will cease to have effect after 30 September 2025, while items (iii) and (v) will cease after 30 September 2027. For S. Nos. 598, 601, 602 and 603, the year "2025" is substituted with "2027." The amendments take effect from 30 September 2025.
The Central Government amends Notification No. 50/2017-Customs to revise expiry dates for specified concessional customs duty and IGST entries relating to goods under Chapter Heading 9801. For S. No. 597, the second proviso is replaced: item (i) will cease to have effect after 30 September 2025, while items (iii) and (v) will cease after 30 September 2027. For S. Nos. 598, 601, 602 and 603, the year "2025" is substituted with "2027." The amendments take effect from 30 September 2025.
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