India Business News: The GST Council is set to discuss the appointment of members to proposed tribunals during their meeting on Saturday. However, there are no expected ch
The FM added the government would release ₹16,982 crores from their own resources and the same amount will be recouped from the future compensation cess collection.
Is GST applicable for skipping notice period and canteen food? It’s a yes and no
A recent decision by the Gujarat Authority for Advance Rulings has ruled in a case for imposition of 18 percent GST on the recovery of notice pay from employees who skip serving this period. A similar 5 percent GST is also applicable on food sold in canteens. January 13, 2021 / 06:38 PM IST
The Gujarat Authority for Advance Rulings (GAAR) has held that an employee exiting a company without completing their notice period would be liable to pay 18 percent goods and services tax (GST) on the recovery of the pay.