GST Exemption for Notice Pay Deduction and Limited ITC for Canteen Facilities to the extend of cost borne by the assessee

GST Exemption for Notice Pay Deduction and Limited ITC for Canteen Facilities to the extend of cost borne by the assessee https://www.taxtmi.com/article/detailed?id=11953 Deductions from employees' salaries for subsidised canteen services supplied through third party vendors are treated as a supply for GST where the employer procures the service, but ITC on GST charged by canteen service providers is available only to the extent of the cost borne by the employer; ITC claim remains subject to Section 16 and restrictions under Section 49 of the CGST Act. en-us Sat, 14 Oct 2023 18:58:31 +0530 Sat, 14 Oct 2023 18:58:31 +0530 TaxTMI RSS Generator GST Exemption for Notice Pay Deduction and Limited ITC for Canteen Facilities to the extend of cost borne by the assessee https://www.taxtmi.com/article/detailed?id=11953 Deductions from employees' salaries for subsidised canteen services supplied through third party vendors are treated as a supply for GST where the employer procures the service, but ITC on GST charged by canteen service providers is available only to the extent of the cost borne by the employer; ITC claim remains subject to Section 16 and restrictions under Section 49 of the CGST Act. Articles Goods and Services Tax - GST Sat, 14 Oct 2023 18:58:31 +0530 https://www.taxtmi.com/article/detailed?id=11953