GST Not Applicable on Employee Notice Period Deductions; Not Considered Taxable Service Compensation under Employment Agreement.

GST Not Applicable on Employee Notice Period Deductions; Not Considered Taxable Service Compensation under Employment Agreement. https://www.taxtmi.com/highlights?id=70726 Levy of GST - service of agreeing to tolerate an act or a situation? - Deduction of the amount equivalent to salary for the tenure of notice period not served as a compensation for the breach of the terms of the employment agreement by the employees in accordance with the appointment letter - such amounts recovered by the employer are not taxable as consideration for the service of agreeing to tolerate an act or a situation - AAR en-us Tue, 04 Jul 2023 13:36:14 +0530 Tue, 04 Jul 2023 15:03:01 +0530 TaxTMI RSS Generator GST Not Applicable on Employee Notice Period Deductions; Not Considered Taxable Service Compensation under Employment Agreement. https://www.taxtmi.com/highlights?id=70726 Levy of GST - service of agreeing to tolerate an act or a situation? - Deduction of the amount equivalent to salary for the tenure of notice period not served as a compensation for the breach of the terms of the employment agreement by the employees in accordance with the appointment letter - such amounts recovered by the employer are not taxable as consideration for the service of agreeing to tolerate an act or a situation - AAR Highlights GST Tue, 04 Jul 2023 13:36:14 +0530 https://www.taxtmi.com/highlights?id=70726