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Gst applicability


kiran Jr. (Studying & Cricket!)     15 April 2019

kiran Jr.
Studying & Cricket! 
 27 likes  434 points

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Amounts received by an employee from the employer on premature termination of contract of employment is regarded as supply ?

 

Shreyas kusurkar   15 April 2019

Shreyas kusurkar

 2 likes  68 points

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no....it's not a supply....

avater

Spurto Consultancy Services (Consultant)     15 April 2019

Spurto Consultancy Services
Consultant 
 69 likes  1280 points

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No it is not a supply. 

avater

pritesh (CA Final student)     16 April 2019

pritesh
CA Final student 
 390 likes  7055 points

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No it is not an supply

avater

Pankaj Rawat (GST Practitioner)     16 April 2019

Pankaj Rawat
GST Practitioner 
 3346 likes  45211 points

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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.

avater

manoj (student)     16 April 2019

manoj
student 
 407 likes  5159 points

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I dont think so pankaj ji   as employee and employer relationship is outside preview of GST 

avater

Pankaj Rawat (GST Practitioner)     17 April 2019

Pankaj Rawat
GST Practitioner 
 3346 likes  45211 points

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ITS NOT EMPLOYER EMPLOYEE RELATIONSHIP REMAINS, AFTER TERMINATION, MOREOVER READ THE SCHEDULE II


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