WebJan 19, 2024 · 5.3.1 We have considered the applicant’s submissions, the relevant facts and interpretation of GST Laws made by the applicant with respect to the question … As discussed above, employment services are exempted from GST. Thus, some professionals are of the view that as notice pay recovery is in the course of employment, the same is also exempt from GST. But, it should be noted that Schedule II of the CGST Act states certain activities that shall be treated as a … See more Whenever an employee joins or leaves an organisation, he/she is bound by the terms of employment. An employee is usually required to serve the … See more Under the CGST Act, all supply of goods and services attracts GST. It applies to an amount made by a registered taxable person for … See more
Employee recoveries and GST implications - CAclubindia
WebApr 4, 2024 · The Authority must decide whether the sum collected by the Applicant firm as Notice Pay Recovery from the departing employee is taxable under GST legislation, and if so, at what GST rate. Important: Kerala HC Permits GST Refund as CBIC Clarified Exemption on Employees’ Notice Pay WebDec 7, 2024 · Responding to the question asked by Swati about an explanation on the new ruling, Ankit Gulgulia said, "Any employee leaving without serving notice periods will have to pay a recovery amount to the company on the differential period. And upon that recovery amount, the employee will be charged 18 per cent GST by the company. incidence meaning in amharic
Exit without serving notice period to attract 18% GST - The …
WebApr 24, 2024 · Notice pay recovery should be exempt from levy of GST as resignation and consequent service or non-service of notice period as per employment contract is an … WebMar 14, 2024 · There has been a spate of advance rulings under GST in regard to the employee recoveries made. The differing views expressed in these rulings have led to a great deal of confusion on whether GST is liable to be paid when amounts are recovered by the employer from the employee towards any facilities/services enjoyed by them. WebApr 4, 2024 · No GST shall be subjected to be applied on the notice pay recovery via outgoing employee, Haryana Authority for Advance Ruling (AAR), witnessed. Under the … incidence meaning epidemiology