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Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The government amended Notification No. 26/2022-Customs (N.T.) to substitute entries in the table: for serial number 6, column (3) item (vi) is replaced by "(vi) Sub-sections (1), (3) and (5) of Section 110" and for serial number 7, column (3) item (xiv) is replaced by "(xiv) Sub-sections (1), (3) and (5) of Section 110." The amendment takes effect on publication in the Official Gazette.
The government amended Notification No. 26/2022-Customs (N.T.) to substitute entries in the table: for serial number 6, column (3) item (vi) is replaced by "(vi) Sub-sections (1), (3) and (5) of Section 110" and for serial number 7, column (3) item (xiv) is replaced by "(xiv) Sub-sections (1), (3) and (5) of Section 110." The amendment takes effect on publication in the Official Gazette.
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