Amounts received by an employee from the employer on premature termination of contract of employment is regarded as supply ?
Menu
Gst applicability
Replies (6)
no....it's not a supply....
No it is not a supply.
No it is not an supply
Yes it's supply As per para 5(e) of schedule II of CGSt Act "Agreeing to the Obligation to Refrain from Act or to tolerate an Act or Situation, or to do Act " shall be treated as supply ..
Hence GST is applicable.
I dont think so pankaj ji as employee and employer relationship is outside preview of GST
ITS NOT EMPLOYER EMPLOYEE RELATIONSHIP REMAINS, AFTER TERMINATION, MOREOVER READ THE SCHEDULE II
Recent Threads
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
Related Threads
CAclubindia
